ATW Daily News

British Airways cabin crew to strike for seven days this month

Fri, 12 Mar 2010 21:39:55 EDT

British Airways cabin crew represented by Unite announced Friday that members will strike for seven days this month, March 20-22 and March 27-30, and vowed that further industrial action could take place after April 14 "if the dispute has not been resolved."

Gol swings to $504 million 2009 profit with reoriented network

Fri, 12 Mar 2010 21:41:16 EDT

Gol reported net income of BRL890.8 million ($504.2 million) for 2009, reversed from a BRL1.2 billion deficit in 2008, attributing its profitability to "synergies" created by the merger of Gol's and Varig's operations at the end of 2008 and its transformation into an efficient 737NG operator organized around a short-haul South American network that it believes appeals to Brazil's growing middle class.

AA contends with FAA's proposed fines, unhappy unions

Fri, 12 Mar 2010 21:42:43 EDT

American Airlines faces growing problems on two fronts as US FAA announced Friday it is seeking to collect civil penalties totaling $787,500 from the carrier for maintenance violations and its ground workers became the second labor group to ask the National Mediation Board for a release from talks that could lead to a work action.

Oman Air finding its niche

Fri, 12 Mar 2010 21:52:12 EDT

Oman Air realizes that it is better to remain a "unique boutique airline, rather than to compete against Emirates and company," CEO Peter Hill told ATWOnline at ITB Berlin.

Air China readies $953 million capital increase

Fri, 12 Mar 2010 21:53:38 EDT

ARC: February sales rise 16.8%

Fri, 12 Mar 2010 21:54:36 EDT

Air Berlin focusing on new airport, European growth

Fri, 12 Mar 2010 21:55:35 EDT

IATA halves forecast 2010 loss to $2.8 billion from $5.6 billion

Thu, 11 Mar 2010 21:54:12 EDT

IATA slashed its projected 2010 loss for the global airline industry by half, stating in a new forecast issued yesterday that a stronger-than-expected recovery in demand, particularly in Asia and Latin America, will result in a full-year loss of $2.8 billion instead of the $5.6 billion predicted in December.

Lufthansa targeting 'slight' improvement after rough 2009

Thu, 11 Mar 2010 21:55:40 EDT

Lufthansa yesterday released details of a year that ended with its first net loss in six years, a €112 million ($152.5 million) deficit that marked a reversal from the €542 million profit posted in 2008, but with an operating profit that reflected "broadly poised and ideally equipped" business segments, according to Chairman and CEO Wolfgang Mayrhuber.

Korean regulators tag KE, Asiana for antitrust violations; KE faces ACCC cargo charge

Thu, 11 Mar 2010 21:57:48 EDT

Korean Airlines and Asiana Airlines will be subject to fines of KRW10.4 billion ($9.2 million) and KRW640 million respectively for engaging in anticompetitive practices to hurt smaller Korean carriers, South Korea's Fair Trade Commission announced yesterday.