Airlines around the globe lost more than US$6 billion during the first half of the year due to the economic crisis, even as fresh figures showed some signs of recovery in the passenger and freight business, International Air Transport Association (IATA) said this week. A sample of more than 50 airlines found their losses declined to $2 billion in the second quarter from $4 billion in the first quarter, according to IATA. The April-June period is usually a strong one for the industry. … [Read more...] about US$6 billion 1H losses for airlines
recession
EUROPE & CIS: Euro airline chiefs appeal to EC
A delegation of chief executives representing Europe’s major airlines met with European Commission transport commissioner and commission VP Antonio Tajani in July to emphasise the depth of the crisis facing European air transport. The Association of European Airlines (AEA) chairman for 2009, Ivan Misetic of Croatia Airlines, was accompanied by Jean-Cyril Spinetta of Air France/ KLM, Willie Walsh of British Airways, Wolfgang Mayrhuber of Lufthansa and Steve Ridgway of Virgin … [Read more...] about EUROPE & CIS: Euro airline chiefs appeal to EC
EUROPE & CIS: Euro airline chiefs appeal to EC
A delegation of chief executives representing Europe’s major airlines met with European Commission transport commissioner and commission VP Antonio Tajani in July to emphasise the depth of the crisis facing European air transport. The Association of European Airlines (AEA) chairman for 2009, Ivan Misetic of Croatia Airlines, was accompanied by Jean-Cyril Spinetta of Air France/ KLM, Willie Walsh of British Airways, Wolfgang Mayrhuber of Lufthansa and Steve Ridgway of Virgin … [Read more...] about EUROPE & CIS: Euro airline chiefs appeal to EC
EADS chief says orders may be down for two years
With the global economic quagmire flattening demand for aircraft, the head of Airbus SAS’s parent said carriers may be less inclined to take new aircraft in the next year or two as they grapple with the decline in global traffic, the said. “The market isn’t dead, we have some campaigns, but it’s not extremely active, that’s clear,†European Aeronautic, Defence & Space Co. chief executive Louis Gallois told Bloomberg. “It’s … [Read more...] about EADS chief says orders may be down for two years
AF-KLM pulls out of Czech talks
Air France-KLM has pulled out of talks to take over Czech Airlines (CSA) citing the current economic downturn. “The current economic environment has significantly impacted the airline business. Under such circumstances, Air France-KLM believes that CSA might focus on developing and implementing a stand-alone recovery plan aimed at restoring its profitability,†AF-KLM said. The ailing state-owned carrier is up for privatisation and AF-KLM’s withdrawal from talks leaves only … [Read more...] about AF-KLM pulls out of Czech talks
Datamonitor: Positive economic signs a start
Positive economic indicators coming out of Europe, Asia and the US over the last ten days give reason to forecast a recovery in the global logistics and express industry. However, for global freight and parcel volumes and revenues to rebound significantly there will need to be major improvements in consumer confidence, industrial output and subsequent international trade volumes, according to new research by independent market analyst Datamonitor. … [Read more...] about Datamonitor: Positive economic signs a start
