Africa is being carved up once again as airlines funnel commuter workers into the booming mining market, with Sub-Saharan carriers staking their claims against global rivals in the world’s least-developed travel market.
Virgin Atlantic Airways Ltd., best- known for long-haul flights to New York and the Caribbean, is poised to roll out a third domestic route in a bid to funnel more passengers from northern Britain to its London hub.
American Airlines parent AMR Corp. filed for bankruptcy after failing to secure cost-cutting labor agreements and sitting out a round of mergers that dropped it from the world’s largest airline to No. 3 in the U.S.
Istanbul airport posted the biggest jump in passenger numbers among the world’s major hubs last year, expanding almost one-third faster than the next-best performer as it captures traffic from Europe rivals.
July 5 (Bloomberg) -- John Strickland, director of JLS Consulting, talks about the outlook for the airline industry. He speaks with Manus Cranny on Bloomberg Television's "Last Word." (Source: Bloomberg)
British Airways parent International Consolidated Airlines Group SA plans to cut jobs at Spanish arm Iberia as part of a revamp to be unveiled next month after the Madrid-based unit pushed the company to a second-quarter loss.
British Airways parent IAG SA offered to buy outstanding shares of Spanish discount carrier Vueling Airlines SA for 113 million euros ($144 million) as Europe’s third-biggest carrier seeks to bolster its ailing Iberia unit.
Air France-KLM Group, Europe’s biggest airline, surged the most since its formation more than eight years ago as the introduction of a 2 billion-euro ($2.5 billion) savings plan helped halve its second-quarter loss.