Airline Industry News
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Updated 1 hour, 44 minutes ago
British Airways said it’s upgrading its inflight service following feedback from 400 passengers invited to workshops in London, New York, Mumbai and Shanghai to help anticipate trends like the rise of Apple Inc.’s iPad.
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Updated 3 hours, 24 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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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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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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When I saw that Delta Air Lines Inc. is negotiating to buy an idled Pennsylvania oil refinery in hopes of saving money on its fuel bill, I had a flashback to July 7, 1981.
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The following is the text of the Federal Reserve Board’s eleventh District--Dallas.
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Lan Airlines SA regained its status as the best airline stock when adjusting for volatility, a distinction it lost after agreeing to buy Tam SA almost two years ago, on prospects that a foothold in Brazil will fuel earnings growth.
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Air India Ltd., the unprofitable state-owned carrier, may get government bailouts totaling 300 billion rupees ($5.8 billion), an amount about five times the market value of the nation’s three listed airlines.
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