As the downturn in business travel continues, British Airways announces record losses and estimates it will need more time to recover that previously expected. The company is set to face a 252 million pound pre-tax loss for the first half of the 2009, making this the second consecutive year without any recorded profit.
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Tag Archives: american airlines
New Concerns about the OneWorld Alliance
New concerns appeared about the planned alliance between American Airlines, British Airways and Spain’s Iberia as all three carriers suffered losses this year.The International Air Transport Association forecasted that the overall loss of the airline industry would be $11bn in 2009.
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Smaller jets, fewer flights this fall
Major airline companies in the US are planning drastic cuts in spending starting this fall. What does that mean? Smaller jets, fewer flights, less flexible-schedules and one of the most dramatic decrease in the industry after the 2001 terrorist attacks.
The New Transatlantic Alliance Could Affect Competition
The European Commission has sent an official statement of objections against anti-competitive alliance of British Airways and American Airlines. Virgin Atlantic completely supported the European Commission as it realizes that the alliance creation will negatively influence on time-sensitive passengers on many transatlantic routes. Continue reading
EU regulators object to airline tie-up plans
European Union regulators warned British Airways, American Airlines and Iberia Airlines that their plans to share their lucrative trans-Atlantic rules may break antitrust rules. According to the EU, a formal charge was sent to each of the airlines, saying their cooperation may go against the rule that forbids companies engaging in partnerships that shut out rivals.
Airline traffic decreases as fees fatten
It’s a well-known fact that airline traffic has seriously decreased due to the economical recession. But U.S. airlines have found a way to increase their profit margin in spite of this fact – they are making more money by fattening their extra fees.
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Southwest Airlines saving $100,000 by quitting lemons
Following American Airline’s decision to take olives from salads, thus saving $40,000, Southwest Airlines takes a similar cost-reducing measure by taking lemons off airplanes. Starting Oct. 1, Dallas-based Southwest will no longer offer lemons with drinks, but only limes, which will save an estimated $100,000.
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