UAL Posts Quarterly Loss As Fuel Costs Jump
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UAL, parent of United Airlines, reported a quarterly loss on Tuesday, caused by skyrocketing fuel costs and economic weakness in the industry.
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UAL, parent of United Airlines, reported a quarterly loss on Tuesday, caused by skyrocketing fuel costs and economic weakness in the industry.
Remember that you can Fly WestJet and Save.
Delta Air Lines on Wednesday posted a fourth-quarter net loss on high fuel prices that have also hammered its rivals.
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Scandinavian airline SAS said on Wednesday that group traffic edged up in December and was higher in 2007 than the previous year but that record fuel prices were a worry.
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Air France KLM will raise its fuel surcharges for tickets issued after January 11 and said it would maintain that as long as the price of a barrel of oil remained above USD$90.
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The shares of major US airlines dropped to new lows on Tuesday, led by a 15 percent fall by United Airlines parent UAL, as high oil prices and economic gloom soured investor sentiment.
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American Airlines and Delta Air Lines have raised fares on flights within the continental United States by USD$20 round trip to offset the high cost of jet fuel, the companies said on Thursday.
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Consumers can expect to pay more if they don't secure their travel plans soon thanks to recent increases in fuel prices, says itravel2000.
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UK carrier Virgin Atlantic is to buy 15 of Boeing's 787-9 Dreamliner aircraft, the largest order yet by a European airline for the new plane.
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Delta Air Lines has posted a narrower first-quarter a week before the bankrupt carrier is due to exit Chapter 11, boosted by higher fares and lower costs.
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US discount carrier Southwest Airlines said on Thursday it posted higher first-quarter earnings but that its jet fuel hedges are gradually unwinding.
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American Airlines parent AMR swung to an USD$81 million profit on Wednesday from a year-ago loss as it filled more seats on planes, charged higher fares and paid less for fuel.
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British Airways said on Wednesday it had appointed a former adviser to Prime Minister Tony Blair to head its corporate media communications.