Airlines
Charles and Camilla set for Aussie barbecue
Nov 04, 2012 21:32 EST
Prince Charles and his wife Camilla arrive in outback Australia on Monday for a barbecue and a cold beer after a rousing reception in impoverished Papua New Guinea.
India's Jet Airways quarterly losses narrow
Nov 03, 2012 03:42 EDT
India's second-biggest private airline Jet Airways has reported its quarterly loss narrowed by 86 percent from a year ago as it benefited from troubles roiling rival Kingfisher Airlines.
Singapore Airlines first half net profit down 30%
Nov 02, 2012 13:14 EDT
Singapore Airlines (SIA) said Friday its first-half net profit fell 30 percent from last year, and warned the outlook was bleak as the eurozone debt crisis dents global business confidence.
London shares close flat on huge RBS loss
Nov 02, 2012 12:58 EDT
The London stock market closed flat on Friday as shares in Royal Bank of Scotland and Britain's other state rescued bank Lloyds fell after RBS unveiled a huge third quarter loss, dealers said.
S. African budget airline 1time 'grounds fleet'
Nov 02, 2012 11:52 EDT
South Africa's cash-strapped budget airline 1time grounded its fleet without warning on Friday, leaving thousands of passengers stranded, media reported.
Global airline passenger traffic growth slows
Nov 02, 2012 11:45 EDT
Global air passenger traffic growth has slowed considerably, and rose by just 4.1 percent year-on-year in September, the International Air Transport Association (IATA) said Friday.
Hobbits take to the air in Air New Zealand safety video
Oct 31, 2012 18:11 EDT
Air New Zealand has set out to take passengers on a flight of fantasy in its latest in-flight safety video, enlisting hobbits, orcs and elves to urge passengers to fasten their seatbelts.
Lufthansa, Air France-KLM shares soar on strong quarterly results
Oct 31, 2012 13:40 EDT
Surprisingly strong results from European airlines Lufthansa and Air France-KLM boosted their share prices on Wednesday despite cautious outlooks for the rest of the year owing mainly to a weak business climate and uncertain fuel prices.
FTSE closes lower despite strong results
Oct 31, 2012 13:38 EDT
London shares closed lower on Wednesday, despite sentiment being lifted by a raft of largely positive company results and with trading volumes boosted by the resumption of activity in storm-battered New York.
European stocks mostly rebound on earnings
Oct 31, 2012 09:18 EDT
European equities mostly rose on Wednesday with sentiment lifted by a raft of largely positive company results, but London slid on badly-received earnings from British bank Barclays and energy firm BG Group.
Lufthansa surprises with earnings jump in third quarter
Oct 31, 2012 03:37 EDT
German airline Lufthansa on Wednesday reported a sharp rise in earnings in the third quarter, but stayed cautious for the full year and promised to intensify cost-cutting measures.
Sandy causes more travel woe for Britons
Oct 31, 2012 03:24 EDT
British travellers faced further disruption on Wednesday as more flights were cancelled in the wake of superstorm Sandy, which has ravaged the east coast of the United States.
Duopoly fears after Virgin Australia takes Tiger stake
Oct 30, 2012 23:10 EDT
Australia's competition regulator plans to take a hard look at Virgin Australia's planned acquisition of low-cost rival Tiger Airways Australia over concerns about the market becoming a duopoly.
Air China reports 16% drop in 3Q profit
Oct 30, 2012 14:20 EDT
Flag carrier Air China said late Tuesday that its net profit fell 16 percent in the third quarter compared to a year ago, hit by foreign exchange losses.
Virgin Australia sells stake to Singapore, buys Tiger
Oct 30, 2012 02:20 EDT
Virgin Australia on Tuesday sold 10 percent of its business to Singapore Airlines while agreeing to buy a 60 percent stake in Tiger Airways Australia as it upped the ante in its battle with Qantas.
Sandy forces cancellation of more flights
Oct 29, 2012 22:58 EDT
Hurricane Sandy has forced the cancellation of 38 flights due out of Britain on Tuesday, throwing the travel plans of thousands of passengers into chaos.
Virgin Australia sells stake to Singapore, pounces on Tiger
Oct 29, 2012 22:31 EDT
Virgin Australia on Tuesday sold 10 percent of its business to Singapore Airlines while agreeing to buy a 60 percent stake in Tiger Airways Australia as it upped the ante in its battle with Qantas.
Virgin Australia sells 10% stake to SIA, pounces on Tiger
Oct 29, 2012 21:11 EDT
Virgin Australia on Tuesday said it has sold 10 percent of its business to Singapore Airlines while agreeing to buy a 60 percent stake in low-cost carrier Tiger Airways Australia.
Virgin Australia buys 60% stake in low-cost Tiger
Oct 29, 2012 18:48 EDT
Virgin Australia on Tuesday said it has bought a 60 percent stake in fellow low-cost carrier Tiger Airways Australia for Aus$35 million (US$36 million).
Mega US storm causes turbulence in global air travel
Oct 29, 2012 14:50 EDT
International air travel from Europe and Asia was hit Monday by flight cancellations as much of the United States' eastern region battened down for the threatened impact of Hurricane Sandy.
