News Source: Androscoggin News
| about 1 month ago
Now the world economy is in recession.'' He said that while major airlines have slashed capacity and operating costs and can build up cash reserves to weather the storm, smaller carriers face deepening financial problems as banks turn away from them,...
News Source: The Nation
| about 1 month ago
Compared to August 2008, passenger demand was down 1.1%, (an improvement compared to the 2.9% decline in July), and freight demand fell by 9.6% (also an improvement compared to the 11.3% drop in July). Compared to August 2008, passenger load factors...
News Source: Independent
| about 1 month ago
Global airline traffic fell 1.1pc in August, a slower drop than in previous months, as carriers cut ticket prices in an effort to win back passengers and Asian economies benefited from government stimulus packages...Chief Executive Officer Giovanni...
News Source: Asian Wall Street Journal
| about 1 month ago
This copy is for your personal, non-commercial use only...Director General and Chief Executive Giovanni Bisignani said in a statement. "Meanwhile, cost pressures are mounting from reduced aircraft utilization and rising oil prices.
News Source: Times of Oman
| about 1 month ago
The airline industry is struggling to return to profit despite more signs of a revival in air travel in August, the International Air Transport Association said on Tuesday...Director General Giovanni Bisignani. "Fares have stabilised, but at...
News Source: Fox News
| about 1 month ago
The International Air Transport Association said Tuesday that passenger traffic fell 1.1% in August compared to last year, a slower rate of decline than the 2.9% drop in July. Freight demand fell 9.6%, compared to the 11.3% drop in July. Passenger...