- EasyJet to Forecast Profit Growth[Aug. 08, 2006]
EasyJet yesterday released abbreviated operating results for its third fiscal quarter ended June 30 and said it expects full-year unit revenue and unit costs to be "slightly higher" than originally forecast as capacity now is expected to rise approximately 13% over the previous fiscal year.Pre-tax profit still is expected to grow 40%-50% over the 59 million pounds ($112.5 million) earned for the year ended Sept. 30, 2005 (ATWOnline, July 10).
- NWA Reports $285 Million Quarterly Loss[Aug. 08, 2006]
Northwest Airlines reported a second-quarter net loss of $285 million, widened from $234 million in the year-ago period, but insisted it is making "steady progress" as it works toward emerging from bankruptcy protection.Excluding reorganization-related items, the carrier said it earned $179 million in the period, improved from a net loss of $288 million excluding unusual items last year.
- Virgin Reveals Offering with Lucy Garrett[Aug. 07, 2006]
Virgin Atlantic is to offer a 'Sunglasses Styling Clinic' to Upper Class passengers visiting its flagship Heathrow Clubhouse.
- Bank of Scotland Acquires 7.5% Stake in Zoom[Aug. 07, 2006]
Bank of Scotland has taken a 7.5 percent stake in Zoom Airlines in a deal that reportedly values the carrier at 31m pound. The transatlantic airline, set up by Scottish travel industry entrepreneurs John and Hugh Boyle, is planning a major expansion into the US and the Caribbean. (8/7/2006)
- TAM Reverses Last Year's Loss: Up 38.9%[Aug. 07, 2006]
TAM reported second-quarter net income of BRL97.1 million ($44.4 million), a strong improvement over a net loss of BRL24.7 million in the year-ago quarter, on a 38.9% increase in revenues to BRL1.73 billion.
- Passenger Complained Captain's 'Wrongdoing'[Aug. 06, 2006]
A captain of Xiamen Airlines operating flight MF8047 on 19th May 2006 allowed a female passenger guided by the chief cabin crew into the cockpit right after the aircraft doors were closed, another passenger, Mr. Gao Xizhong, filled a complaint against the captain with the airline on the basis of violating safety regulations, the captain was penalised by the airline. The whole thing didn't end there since the captain called and 'threatened' the complainant, according to quote by Mr. Gao. Mr. Gao finally complained to the Civil Aviation Administration of China (CAAC) on 23rd June this year. Xiamen Airlines offered Mr. Gao an apology letter with full explanation on penalities applied to the captain and the chief cabin crew. (Translation: CARNOC - Tao Mengping, Simon Li)
- JAL Posts Recovery Due to China[Aug. 07, 2006]
Japan Airlines (JAL) has posted recovery due to bookings from China. Last year, the airlines declared a sharp drop in demand due to Chinese protests regarding a Japanese textbook's remarks on its wartime occupation of China.
- Qataris Could Fund National Airline[Aug. 05, 2006]
President Gayoom returned from his trip to the Gulf this weekend claiming that Qatari officials were ready to begin deliberations on establishing a national airline in the Maldives.
- Airport Revamp in IIM-A Crosshair Link[Aug. 07, 2006]
After studying how Lalu Prasad turned around the Railways, researchers at the Indian Institute of Management, Ahmedabad, now find the country's airport revamp fascinating enough to study. The B-school will bring out a case study on the bidding process for the modernisation of the Delhi and Mumbai airports.
- US Senate Passes Pension Overhaul Plan[Aug. 07, 2006]
The US Senate passed legislation late Thursday that significantly reforms US pension law and gives struggling airlines needed extra time to fund defined retirement programs.