The outlook for the Latin American Airlines sector is stable for 2015, according to Fitch Ratings. Fitch Ratings expects credit profiles for main carriers to remain stable in 2015 based on their capacity to preserve stable margins and maintain balance in capex levels and cash flow generation. Rational capacity management is projected to prevail in the sector during 2015, according to Fitch. Most players are expected to touch single-digit capacity growth rates in 2015. Fitch's view of … [Read more...] about Fitch: Outlook stable for Latin American airlines
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New US carrier to fly NY to Russia
While carriers the world over are slashing their networks and grounding aircraft in a bid to keep their heads above the rising tide, a bold group of investors believe that the time is ripe to launch a new airline offering flights between New York and St. Petersburg, Russia. Baltia Air Lines has recently won approval from the US Transportation Department to provide nonstop service between New York's John F. Kennedy International Airport and St. Petersburg's Pulkovo 2 Airport, with flights … [Read more...] about New US carrier to fly NY to Russia
