- Air Mauritius Posts Q1 Loss on Rising Fuel Costs[Aug. 11, 2011]
Air Mauritius on Thursday posted a pretax loss for its first quarter of EUR11.1 million versus a loss of EUR11.3 million loss a year earlier, and blamed low season and high fuel prices.
- AMR to Spin Off Regional Carrier[Aug. 12, 2011]
American Airlines parent AMR Corp. provided details Thursday of its plans to spin off its in-house regional carrier to shareholders later this year, a divestiture aimed at reducing the parent company's costs.
- Cathay Pacific's Total 777-300ER Commitment Reaches 50[Aug. 10, 2011]
Boeing and Cathay Pacific Airways today announced the Hong Kong-based carrier has ordered eight Boeing 777 Freighters and four 777-300ER(extended range) airplanes. The order is valued at US$3.3 billion at list prices. With this announcement, Cathay Pacific becomes the 15th customer to order the 777 Freighter and increases its Boeing 777-300ER fleet to 50.
- U.S. Airline Traffic Up 3.9 Percent in May[Aug. 12, 2011]
U.S. airline system traffic continued to grow in May from the same month of 2010, according to the preliminary data released by U.S. Transportation Department on Thursday.
- Lao Airlines Signs Agreement to Buy Two Airbus 320s[Aug. 11, 2011]
Lao Airlines has signed an agreement with Europe's Airbus SAS to buy two A320 aircraft as part of plans to get listed on the stock market, media reports said Thursday.
- Air Passengers Surge in Myanmar in Q1 This Year[Aug. 11, 2011]
Yangon International Airport saw 510,000 travelers from international airlines and 360,000 local travelers from domestic airlines in the first quarter of this year, representing a 21.65-percent and 23.47-percent year-on-year increase respectively, the official daily New Light of Myanmar reported Thursday.
- CIT Signs Firm Order for 50 A320neo Aircraft[Aug. 10, 2011]
CIT Aerospace, a unit of CIT Group Inc., a global leader in transportation finance has signed a purchase agreement with Airbus for the 50 A320neo family aircraft, which it had committed to at the 49th Le Bourget airshow on June 21st, 2011.
- JetBlue Traffic Up, Revenue Ratio Grows Slowly[Aug. 10, 2011]
JetBlue Airways Corp.'s July traffic rose 11.1 percent, but the airline's pricing power appeared to be losing momentum.
- Virgin Atlantic Sees Tough Year Ahead[Aug. 10, 2011]
British airline Virgin Atlantic said market conditions had become tougher in recent months due to higher fuel prices and weakening consumer confidence, with this week's London riots and U.S. market turmoil unlikely to help sentiment.
- Cathay Pacific Posts Better-Than-Expected Profit on Fuel Hedging Gains[Aug. 10, 2011]
Cathay Pacific Airways Ltd., Asia's largest international carrier, posted better-than-expected first-half earnings as hedging gains and surcharges eased the effect of higher fuel costs.