ATW Daily News

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.

Air France KLM maintains African commitment

Thu, 11 Mar 2010 21:59:20 EDT

Air France KLM intends to maintain its strong position in Africa and a strategy of continuous growth despite the economic downturn and increased competition, Senior VP-Africa & Middle East Etienne Rachou told ATWOnline.

Emirates committed to A380 despite growing pains

Thu, 11 Mar 2010 22:06:09 EDT

Qatar Airways to serve Argentina, Brazil

Thu, 11 Mar 2010 22:10:05 EDT

China Eastern expands cargo holdings with Great Wall

Thu, 11 Mar 2010 22:11:36 EDT

Oneworld trio aims to appease European regulators with London slot leases

Wed, 10 Mar 2010 21:53:27 EDT

Oneworld partners British Airways, American Airlines and Iberia offered to lease at least four daily slot pairs at London Heathrow or Gatwick to competing carriers for service to three US cities in order to address regulatory concerns about their proposed transatlantic joint venture.

Special items, cuts return Cathay Pacific to profit

Wed, 10 Mar 2010 21:55:05 EDT

Cathay Pacific Group returned to profit in 2009, posting a HK$4.69 billion ($604.9 million) surplus that was reversed from a restated 2008 loss of HK$8.7 billion, as fuel hedges, one-time gains and capacity and cost cuts boosted the bottom line.

US regional growth could hinge on major airline labor negotiations

Wed, 10 Mar 2010 21:56:50 EDT

The current round of pilot negotiations at US major network airlines "will be the most important since deregulation" and could determine the future growth path for the regional airline segment, according to William Swelbar, a research engineer at MIT's International Center for Air Transportation.