Airline stocks managed to shrug off early declines and buck selling in the broader market Friday, catching a lift from falling oil prices even as economic fears surrounding Greece and China rattled investors.
Stocks News » Travel & Transportation
Low-budget airline Jetstar planning a big expansion
Posted by jensonsander 217 days ago (http://sg.biz.yahoo.com)
Qantas affiliate Jetstar on Thursday picked Singapore as its Asian hub and signed a 3.5-billion-dollar deal to use greener engines under an ambitious expansion into long-haul discount flights. The Melbourne-based Jetstar Group, which launched operations in Australia in 2004, signed a three-year agreement with Singapore's Changi Airport Group to make the hub its main base in Asia for both short- a
Plane orders in Asia is at 20-year hign topping trillion dollars
Posted by jensonsander 217 days ago (http://sg.biz.yahoo.com)
Asia-Pacific airlines are expected to purchase some 8,000 new passenger and cargo planes worth 1.2 trillion dollars from 2009 to 2028, Airbus officials said Wednesday. The demand represents one third of predicted global deliveries during the period, and much of it will be for larger aircraft such as the A380 super jumbo, the European manufacturer said at the Singapore Airshow. "To meet this deman
Travel Industry Showing Signs of Recovery Online
Posted by MyTrade 219 days ago (http://seekingalpha.com)
Hotel and cruise showed signs of recovery starting in early 2009, while the recovery for air and car rental first appeared mid-year.
As travel industry companies look to manage through the recovery, many have started or are considering selling products and services outside their traditional core markets. For example, an airline could seek to offset lower air travel revenue by capturing a piece o
As travel industry companies look to manage through the recovery, many have started or are considering selling products and services outside their traditional core markets. For example, an airline could seek to offset lower air travel revenue by capturing a piece o
Japan's Corporate Symbol JAL Set to File for Bankruptcy
Posted by JeffPalen 233 days ago (http://www.cnbc.com)
Japan Airlines is expected to file for one of the country's largest ever bankruptcies on Tuesday, marking the failure of the former state-owned carrier that once symbolised Japan Inc's international aspirations.
The move could make rival All Nippon Airways Japan's new flagship carrier, some analysts said.
Echoing similar bankruptcies by overseas airlines such as Delta Air Lines [DAL] and United
The move could make rival All Nippon Airways Japan's new flagship carrier, some analysts said.
Echoing similar bankruptcies by overseas airlines such as Delta Air Lines [DAL] and United
Airlines may increase capacity as losses narrow
Posted by JamesT 235 days ago (http://www.marketwatch.com)
Airline stocks are getting a boost from improving revenue trends after a year of depressed demand, but volatile fuel prices and climbing global capacity rates have some analysts on Wall Street feeling edgy.
U.S. airlines begin posting their fourth-quarter results in the coming week, and analysts are predicting narrower losses for the most part thanks to sharp reductions in seat capacity.
U.S. airlines begin posting their fourth-quarter results in the coming week, and analysts are predicting narrower losses for the most part thanks to sharp reductions in seat capacity.
Airlines in Deeper Trouble than Forecast - BusinessWeek
Posted by CaraTan 267 days ago (http://www.businessweek.com)
The airline association predicts industrywide losses will hit $11 billion this year and $5.6 billion in 2010 due to higher fuel costs and discounting.
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