Air Transport Association News
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Updated 3 hours, 22 minutes ago
Singapore Airlines Ltd., flying to Athens since 1972, will halt the service to the Greek capital starting October because of weak demand.
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Deutsche Lufthansa AG and British Airways Plc, owned by International Consolidated Airlines Group SA, should lose bids to limit compensation to passengers whose flights are delayed, an aide to the European Union’s top court said in a non-binding opinion.
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British Airways parent International Consolidated Airlines Group SA said its first-quarter loss widened as fuel costs crimped margins, European economies slowed and pilots at its Spanish Iberia unit staged strikes.
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Emirates, the world’s largest airline by international traffic, said full-year profit fell 61 percent as fuel costs rose and growth in European economies slowed.
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Cathay Pacific Airways Ltd. plunged the most in more than a year and Singapore Airlines Ltd. tumbled after the carriers said that higher fuel prices and waning demand were hitting earnings.
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London Heathrow airport owner BAA Ltd. says the time taken to clear immigration checks at the top European hub has reached unacceptable levels in the past week.
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Singapore Airlines Ltd. is missing the party in its own home. Tourist spending in the city jumped by half since 2008, aided by two new casinos and a 23 percent rise in passenger traffic through Changi Airport.
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Delta Air Lines Inc.’s complaint that U.S. Export-Import Bank financing for foreign competitors has cost American jobs is flawed, bank Chairman Fred Hochberg said.
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Qatar Airways Ltd. plans to invest in California’s Byogy Renewables Inc. to produce cleaner jet fuel from alcohol, curbing carbon output to meet emission goals.
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Former President Bill Clinton said the U.S. Congress should renew the charter of the nation’s Export-Import Bank, which expires May 31 and has been opposed by some Republican members of Congress.
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