Tag Archive
JAL Hits Swine Flu Turbulence- US-FOREX.US
The combination of the swine flu pandemic hitting during a global recession dragged Japan Airlines to a record quarterly loss,and is proving a more severe crisis than that it faced during the SARS epidemic six years ago. Japan Airlines reported Friday a 99 billion yen net loss in the quarter ended June, down substantially from… »
Summer Gives No Sunshine To BA – US-FOREX.US
British Airways should have been raking back business in the last quarter as travelers took the skies for the early summer months. Instead, the airline posted its first loss in decades for the busy May-to-June period. The airline posted a loss of 106 million pounds in the three months to June. Sales tumbled by 12%… »
De-Frilling At Euro Airlines – US-FOREX.US
Oh, for the good old days of flying in style, with free wine and a motley array of food choices in one plastic tray. Yet travel on premium European airlines is becoming ever more spartan, as carriers cut back on costs to combat falling demand, and occasionally at the expense of their customers’ appetites. Deutsche… »
Ryanair Vs. Ryanair – US-FOREX.US
Budget Irish airline Ryanair is facing a mighty competitor in its bid to raise passenger numbers in the midst of the recession: itself.The airline is being forced to cut prices by much more than it had expected this year, sending its yield, or average revenue per passenger, down by up to 20% for the year… »
BA Tries To Find Its Wings – US-FOREX.US
Will 1 billion be enough to get British Airways through a dour mix of slumping premium traffic, swine flu and staffing disputes? This was certainly the hope of investors as the beleaguered British airline announced plans to raise that amount by issuing convertible bonds and tapping funding that was set aside for its pension fund.Shares… »
The Missing Black Box – US-FOREX.US
The latest twist in tracking what happened to Air France Flight 447, which tragically crashed into the Atlantic Ocean killing all 228 passengers on June 1 came on Thursday. While preliminary reports had suggested the plane had exploded in mid air, French investigators now believe the plane probably hadn’t broken up in flight but plummeted… »
Ryanairs Step Too Far – US-FOREX.US
LONDNO – “Cost cutting” in this recession generally brings to mind job cuts, or at a push unusual methods such as British Airways’ request that staff work a month for free. Rarely, however, does a company take it out on its customers.But, that’s a strategy being considered by iconoclastic Michael O’Leary, chief executive of Irish… »