- Qantas Remains Fully Committed to Investment in Jetstar Asia[Feb. 08, 2007]
On February 8, Qantas said any suggestion it was contemplating cutting its investment in Jetstar Asia were wrong.
- Qantas Reports Half-Year Profit of AU$523 Million[Feb. 08, 2007]
On February 8, Qantas announced a profit before tax (PBT) of AU$523 million for the half-year ended December 31, 2006, an 8.3 per cent increase on the prior comparative half-year to December 31, 2005.
- SpiceJet to Offload Shares in Plane Plan[Feb. 07, 2007]
SpiceJet Ltd, an Indian low-fare carrier that counts Goldman Sachs Group Inc as an investor, plans to sell US$100 million worth of new shares in the next two years to pay for planes it is buying from Boeing Co.
- JAL Group Announces Detailed Cost Reduction Measures[Feb. 06, 2007]
The business environment of the JAL Group - facing fierce competition and high fuel prices - is changing by the minute. It is of urgent necessity not only to rely on increased revenue through the introduction of, for example, more competitive products and services, but also to speedily expand cost reduction. We will decisively implement cost reduction, including personnel cost reduction of 50 billion yen annually, and conduct measures to realize a 14% greater efficiency in fuel usage.
- JAL Group Announces FY2007-2010 Medium Term Revival Plan[Feb. 06, 2007]
On February 6, the JAL Group announced the medium-term corporate business plan for the four years FY2007 to March 2011, emphasizing the pursuit of safety and the customers' standpoint, rebuilding the group's business foundation, and realizing continuous stable profits.
- Japan Airlines Corporation and Consolidated Subsidiaries Announce FY2006 Third Quarter Results[Feb. 06, 2007]
On February 6, JAL Group announced consolidated results for the third quarter (October-December 2006 inclusive) for the financial year ending March 31 2007 (FY 2006).
- British Airways Releases January's Traffic Figures[Feb. 05, 2007]
Summary
- US Airways Pulls Bid for Delta[Feb. 02, 2007]
US Airways has withdrawn its offer for Delta Air Lines in the face of resistance from the bankrupt carrier's management and a creditor committee's unwillingness to embrace the plan.
- Higher Deliveries Boost Profit for Boeing[Feb. 01, 2007]
On January 31, Boeing Co said its fourth-quarter profit more than doubled after deliveries surpassed company forecasts and bigger rival Airbus SAS delayed production.
- Comlux Places Repeat Order for Two A318 Elites[Jan. 31, 2007]
VVIP charter operator Comlux has placed a firm order for two more Airbus A318 Elites, taking its total orders for the type to five and making it - together with an undisclosed client - the joint largest customers.