A conscionable call as oil price plummets: Will airlines reduce airfares?

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A conscionable call as oil price plummets: Will airlines reduce airfares?

As the oil price plummets – some 55% since June last year – the question top most in the mind of the consumer must be: Will airlines reduce airfares? Many of them have chosen to be silent on the

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Falling fuel prices: How good is the news?

The slump in the oil price in recent weeks should spell good news for airlines, dipping to a four-year low. It is today some 30% below the price in June. Yet do not be too quick to bet on falling airfare. But

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The state of the airline industry

In his keynote address at the recent annual general meeting (AGM) of the International Air Transport Association (IATA) held in Doha, IATA director-general (DG) and chief executive Tony Tyler said: “Our financial performance does not yet match the value that we deliver.” No one

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SilkAir at 25, stepping out of SIA’s shadow

At 25, SilkAir is still around and growing not much or rather slowly. It has reiterated its intention to step out of Singapore Airlines’ (SIA) shadow and distinguish itself as one in its own right, but it cannot deny its role as

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Singapore Airlines disappoints

Singapore Airlines (SIA) prefaced its report on its annual performance for FY2012/13 with attribution to high fuel prices and lower yields owing to a weak global economy for its lacklustre results. The announcement concluded

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Optimism returns to aviation

There is renewed optimism for the airline industry, going by the latest industry body Geneva-based International Air Transport Association (IATA) forecast that 2013 will see an improvement in global airline profitability from

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Cathay Pacific stays on the course of expansion

Call it a déjà vu. For Hong Kong-based Cathay Pacific Airways, Asia’s largest international airline by passenger traffic as well as the world’s largest

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Airlines fly into the green divide

A ‘green’ divide is fast developing as climate change legislators turn their attention to airlines, which together contribute about 3% of the world’s total carbon emissions. When the European Union (EU) announced plans to extend the emissions trading scheme (ETS) to cover all airlines

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Airlines face new challenges as global economic slump looms

The real question is not whether the airlines would survive another recession so soon after the 2007-2009 global economic meltdown. In an

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Singapore Airlines’ new LCC may be a mixed blessing

Long viewed as the industry benchmark and the golden standard for premium travel, Singapore Airlines (SIA) surprised the airline industry when it

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