It’s the age of mega carriers: Will Air France-KLM raise its stake in ailing Alitalia?
Alitalia is fighting bankruptcy as its shareholders initiate efforts to raise funds in light of its main fuel supplier threatening to cut off supply. The Italian postal service will contribute €75 million (US$101.6 million) to the rescue package o [...]
International Airlines Group entering a new dawn in 2013
It could have been much worse. International Airlines Group (IAG), formed by the merger between British and Spanish flag carriers British Airways and Iberia, posted a €997 million (US$1.29 billion) 2012 before-tax loss, dragged down by a €343 mill [...]
When Tempe, Arizona-based US Airways announced a record US$321 million 2012 second-quarter net profit excluding special charges, up 203% from the corresponding period in 2011, it stood in sharp contrast to American Airlines’ parent AMR Inc., [...]
Chicago-based Boeing, the world’s largest aerospace company, posted an exceptionally strong first-quarter results which beat Wall Street analysts’ forecast and saw its net income for the quarter soaring by a staggering 58% from US$586  [...]