- Press: Thai Airlines Mull Fare Hikes[Jul. 18, 2006]
Three low-cost airlines will meet next week to discuss a possible increase in fuel surcharges or ticket prices as a result of rising global oil prices, The Nation reported, quoting Thai AirAsia Chief Executive Tassapon Bijleveld.
- Qantas Might Write Down Aircraft Fleet[Jul. 10, 2006]
Qantas, under pressure as rising fuel prices cloud its profit outlook, could be forced to massively write down the value of its 213 aircraft, according to Macquarie Equities.
- Europe Closes in on Environmental Taxes[Jul. 06, 2006]
The European Parliament gave its resounding approval Tuesday to new fuel taxes, the ending of airlines' Value Added Tax exemption and a closed emissions trading scheme, urging the EU to "take a leadership position in global aviation in order to reduce the climate change impact of aviation."By a vote of 439 to 74 with 102 abstentions, members called on the European Commission to introduce a fuel tax on nearly all domestic and intra-EU flights that, according to press reports, would double the cost of many flights offered by low-fare carriers. It also voted to end aviation's VAT exemption, which would "further level the playing field and bring fiscal as well as environmental benefits."
- Green Tax on EU Flights to Double Fares[Jul. 06, 2006]
AIR passengers will be charged up to $100 extra for a return ticket within Europe to pay for the environmental impact of their journeys, under plans approved by the European parliament.
- Boeing, Ryanair Announce 10 737s Order[Jul. 03, 2006]
SEATTLE, July 03, 2006 -- Boeing [NYSE: BA] has logged 10 more orders for its popular Next-Generation 737-800 from Ryanair, Europe's largest and most profitable low-cost carrier.
- Possibility of Further Consolidation[Jul. 03, 2006]
Speaking in favour of consolidation, a senior executive from an airline has shared that there's an enormous value in such initiative. (7/3/2006)
- AEA Airlines' Operating Surplus Doubles[Jun. 30, 2006]
Assn. of European Airlines members collectively posted a provisional operating profit of $755 million in 2005, up 82.8% from $413 million the previous year, according to data released yesterday in AEA's Yearbook 06.Operating margin of the 30 carriers edged up to 0.9% from 0.4% in 2004, which AEA said "must be regarded as unsatisfactory still for a year in which most of the fundamentals were favorable--strong demand, economic growth, low interest."
- Virgin Blue Goes Green with New Engines[Jun. 29, 2006]
Virgin Blue has ordered a new generation of more efficient and environmentally friendly engines worth $US100 million ($136 million) to power its next batch of Boeing 737-800 aircraft.
- Virgin Doubles Profit and Cites Growth[Jun. 27, 2006]
Virgin Atlantic reported a pre-tax profit of ?41.6 million ($75.6 million) for the fiscal year ended Feb. 28, more than double the ?20.1 million earned a year ago, a jump it attributed to a "large increase" in business passengers at primary subsidiary Virgin Atlantic Airways.The company, also parent to Virgin Nigeria Airways and tour operator Virgin Holidays, posted annual revenues of ?1.91 billion, up 17.2% from ?1.63 billion in the previous fiscal year.
- Business Travelers Lift VA's Performance[Jun. 26, 2006]
Virgin Atlantic has managed a pretax profit of 41.6 million pounds ($76.1 million) on record annual sales of 1.91 billion. (6/26/2006)