- SilkAir to Revise Fuel Surcharges[May 03, 2007]
As a result of a sustained escalation in the price of jet fuel in recent months, SilkAir will increase its fuel surcharge for tickets issued on or after May 9, 2007:
- British Airways Releases April Traffic Figures[May 03, 2007]
Summary of Headline Figures
- JAL Announces Revised Consolidated Financial Forecast for FY2006[May 02, 2007]
On May 2, 2007, JAL Group announced a revision of its consolidated financial forecast for FY2006, the year ended March 31, 2007, reflecting the trends of recent performance.
- Alaska Air Group Posts US$10.3 Million Net Loss in First Quarter[Apr. 27, 2007]
Alaska Air Group, parent of Alaska Airlines and Horizon Air, recorded a first-quarter net loss of US$10.3 million compared to a loss of US$79.1 million in the 2006 quarter, but said that excluding special items in both years it would have reported a 2007 quarterly loss of US$15.8 million versus a 2006 profit of US$2.8 million. "Higher fuel costs, increased competition and a softer revenue environment in the first quarter make it imperative that we continue to drive changes to keep ticket prices affordable and attract new customers," said Chairman and CEO Bill Ayer.
- British Airways Increases Long Haul Fuel Surcharge[Apr. 27, 2007]
British Airways is to increase its longhaul fuel surcharge with effect from Wednesday May 2, 2007, as a result of recent trends in the price of oil.
- ANA Reports Profit for Fiscal Year 2006[Apr. 27, 2007]
On April 27, ANA Group posted a record consolidated operating profit of 92.1 billion yen on a record consolidated revenue of 1.48 trillion yen for the twelve months ended March 31, 2007. This represents a year-on-year improvement of 3.8% and 8.8 % respectively. Consolidated net profit for the period was 32.6 billion yen, the second highest in ANA's history and 22.2% better than the FY2005. The Group's highest net profit was posted in FY2000. Costs incurred by the return of leased aircraft resulted in a 6.3% drop in recurring profit to 62.5 billion yen.
- Cathay Pacific Suspends Colombo Services Until Further Notice[Apr. 29, 2007]
On April 29, Cathay Pacific Airways announced the suspension of its flight operations to and from Colombo, the capital of Sri Lanka, until further notice.
- China Eastern Loss Widens to 3.3 Billion Yuan[Apr. 21, 2007]
China Eastern Airlines, the third-biggest carrier in Mainland China, reported net loss in 2006 widened to 3.3 billion yuan (HK$3.34 billion) from 467 million yuan the previous year, largely due to high fuel prices and fierce competition among mainland and international airlines.
- Boeing and Virgin Atlantic Announce 787 Order, Environmental Partnership[Apr. 24, 2007]
On April 24, Boeing and Virgin Atlantic announced an environmental partnership, which includes an order for 15 787-9 Dreamliners, marking the largest 787 order to date for Europe.
- Fuel Price Cut Helps Chinese Airlines[Apr. 06, 2007]
China cut jet fuel prices by 90 yuan (US$11.65) a ton starting April 1, to reflect earlier oil price declines, according to domestic airlines.