- Turkish Airlines Full Year Profit Up 31%[Apr. 09, 2007]
On April 6, Turkish Airlines released financial results for 2006, reporting a US$132 million net profit that represented a 31.4% increase over the prior year's net earnings of US$100.5 million.
- Major Chinese Airlines Lifted Out of Losses in 2006[Apr. 06, 2007]
After huge losses in 2005, Chinese airlines flew out of the turbulent weather and back into profitable skies in 2006 despite facing hefty increases in the cost of fuel.
- Fresh Warning for The Qantas Hardliners[Apr. 09, 2007]
Dissident shareholders holding up the Qantas takeover offer face being locked into a minority position just as aviation industry revenue growth slows, after private equity bidders agreed on new financing to take control of the airline without full ownership.
- APEC Deal to Cut Aircraft Emissions[Mar. 31, 2007]
An agreement has been struck by transport ministers from the 21 APEC nations to work together to reduce greenhouse gas emissions from aircraft.
- Australia Outlines Measures to Reduce Aviation Emissions[Mar. 29, 2007]
On March 29, Australian Deputy Prime Minister and Minister for Transport and Regional Services Mark Vaile has announced a range of measures to reduce aviation greenhouse emissions to help combat climate change. Some of these measures have already commenced and others will be rolled out as soon as possible.
- Turbulent Times for Afghan Carrier[Mar. 31, 2007]
Afghanistan's national airline could be days from collapse due to corruption, mismanagement and a crippling aircraft leasing arrangement that has drowned the struggling carrier in debt.
- Korean Air to Increase Fuel Surcharges From April 1[Mar. 23, 2007]
Korean Air is set to increase fuel surcharges as detailed below beginning from April 1, 2007 (per date of ticket issuance).
- SilkAir to Revise Fuel Surcharges[Mar. 23, 2007]
As a result of a sustained escalation in the price of jet fuel in the past two months, SilkAir will increase its fuel surcharge for tickets issued on or after April 1:
- Airbus to Become More Greenhouse-Friendly[Mar. 23, 2007]
European aircraft manufacturer Airbus is targeting a 50 per cent reduction in aircraft fuel consumption by 2020.
- Virgin Blue Launches Carbon Offset Program[Mar. 21, 2007]
On March 21, Virgin Blue has become the first airline in Australia to have a comprehensive and certified carbon offset program that forms part of its integrated strategy to address environmental impact issues, including greenhouse gas emissions.