EasyJet lifts guidance despite pressures
EasyJet on Wednesday raised its 2011-12 profit guidance by 9 per cent but warned that it faced significant cost increases in the coming year. Europe’s second-largest low-cost carrier by revenues…
Kingfisher in ‘partial lockout’ of staff
Kingfisher Airlines, the stricken carrier owned by Indian liquor baron Vijay Mallya, says it has declared “a partial lockout”, and has cancelled all flights at least until Thursday, as a…
Qatar Airways joins oneworld alliance
Qatar Airways is set to be the first of the fast-expanding Gulf carriers to become a member of one of the global airline alliances, by agreeing to join oneworld. The…
European airlines head for bigger losses
Europe’s airlines are set to record a bigger than expected $1.2bn net loss this year, partly because the number of passengers travelling in first or business class is declining, the…
Kingfisher to cancel flights after worker unrest
Kingfisher Airlines, the beleaguered carrier owned by Indian liquor baron Vijay Mallya, said it was cancelling some of its flights on Monday, due to unrest by workers who have not…
Revamped BMI set for take-off
It took almost a year of false hopes, funding struggles and protracted negotiations involving two national carriers but, in June, the Aberdeen-based airline BMI Regional was reborn as an independent…
EADS plays waiting game as questions mount
When Tom Enders, EADS’ chief executive, made his first public comments about the highly ambitious plan to combine with BAE Systems, Europe’s largest defence company, he admitted it was a…
Two bids for S Korea’s sole aircraft maker
The sale of a stake in Korea Aerospace Industries has attracted two bidders – Korean Air and Hyundai Heavy Industries, reviving the government’s efforts to privatise the country’s sole aircraft…
Brussels to push for EU-US airline mergers
The EU is to make a renewed push to persuade Washington to relax its stringent foreign ownership rules on airlines in the belief that combined EU and US carriers would…
Flotation market sails on choppy waters
Talanx is hoping it will be second time lucky. After years of nursing ambitions to raise money through an initial public offering, the German insurer abandoned plans for an IPO…
Ryanair confident of Aer Lingus approval
Ryanair has said it is confident of winning regulatory clearance for its bid for Aer Lingus after the submission of a “revolutionary” package of remedies to the European Commission to…
American and pilots clash on late flights
American Airlines is at loggerheads with its pilots over the causes of a sudden slump in punctuality that has forced the US’s third-biggest airline by revenues to cancel thousands of…
JAL makes muted stock market return
The relisting of Japan Airlines, the world’s second-biggest IPO this year after Facebook’s, was met by a tepid response from investors on Wednesday. Shares of the company saw a modest…
Fast-track business lanes planned for Heathrow
Immigration officials are working on plans for fast-track lanes to speed “high-value business people” through passport control at Heathrow, the head of the UK Border Force has confirmed. Brian Moore…
EasyJet strikes travel deal with MPs
EasyJet is hoping to profit from the government’s cost-cutting drive, striking a deal this week with the House of Commons’ travel agency that will allow MPs and their staff to…