- El Al reports record profit[Apr. 03, 2006]
In its first year following its transfer from the Israeli government to Knafaim Arkia Holdings, El Al reported the highest annual net earnings in its history, a $64.1 million profit that represented a 94% increase over 2004 earnings of $33.1 million.
- Bangalore airport to cost Rs. 450 crore[Apr. 02, 2006]
The air terminal building has been redesigned to handle the increase in air passenger traffic at the Bangalore International Airport, which is expected to go up three times than the proposed four million passengers by April 2008 when the airport will become operational.
- Galileo and Air France sign full content[Mar. 31, 2006]
Cendant Travel Distribution Services (TDS) has signed an agreement with Air France to secure access to all the carrier's fares until December, 2008. (3/31/2006)
- American Airlines chooses Worldspan[Mar. 31, 2006]
Worldspan and American Airlines have signed a new five-year content distribution agreement. (3/31/2006)
- Northwest details regional carrier plan[Mar. 30, 2006]
Northwest Airlines, which aims to launch a regional carrier called Compass Airlines in June, has asked the government to approve its purchase of Independence Air's operating certificate, Northwest said on Thursday.
- Ryanair sees higher fuel costs and fares[Mar. 30, 2006]
Ryanair, Europe's biggest low-cost airline, expects a higher fuel bill this year but higher average fares and a 20 percent rise in passengers would provide some relief from soaring oil prices, a senior executive said on Thursday.
- Northwest posts USD$496mln monthly loss[Mar. 30, 2006]
Bankrupt US-based Northwest Airlines posted a net loss of USD$496 million in February, driven largely by reorganization-related expenses, according to a regulatory filing on Wednesday.
- Qantas likely to buy more Boeing 787s[Mar. 30, 2006]
Qantas Airways is very likely to exercise its option to buy another 50 Boeing 787s on top of an existing order of 65 planes, the company's chief financial officer said on Wednesday.
- SITA Board assigned a new CEO-designate[Mar. 30, 2006]
SITA has disclosed appointment of Francesco Violante as CEO-designate of SITA as part of an overall transformation.
- CITIC Pacific may cut back stakes in HK[Mar. 30, 2006]
Beijing-backed conglomerate CITIC Pacific will reduce its minority stake in Cathay Pacific Airways and Hong Kong Dragon Airlines if a merger between the territory's two main carriers goes ahead.