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A rare dip in airline traffic in 2008 - Los Angeles Times
U.S. airline traffic fell in 2008 for only the fifth time since the government began tracking the data 35 years ago as the global economy weakened and carriers slashed schedules. Traffic, measured in miles flown by paying passengers, slid 2.3% for ...
Read more...Israelis canceling vacations, airlines slashing ticket prices - Haaretz.com
The continued fighting in the south has kept Israeli tourists at home, and foreign visitors out, exacerbating the already beleaguered incoming tourism industry. As a result, foreign airlines have begun lowering air fares. Brussels Airlines, for ...
Read more...US Airways will report loss, cut capacity - Philiy.com
US Airways said yesterday that it would report a loss for 2008 and cut more capacity - flights and seats - this year to deal with weaker travel demand in a depressed economy. Philadelphia's largest airline, which shuttles two-thirds of passengers at ...
Read more...Plummeting oil prices translates to headaches for airline hedges - e-Travel Blackboard
With crude oil now sitting comfortably below US$40 a barrel, after dropping to five year lows of US$32, airlines are now feeling headaches from fuel hedges made at much higher rates. In less than five months, oil has lost nearly 80% of its value ...
Read more...Indian airline cuts fares by up to 82 per cent after fuel drops - Age
India's state-owned carrier Air India on Tuesday announced major reductions in domestic fares of up to 82 per cent following a drop in fuel prices. "As many as 20 major sectors will offer a benefit of an average reduction of 52 per cent in basic ...
Read more...South Africa: Airlines are Expecting Further Turbulence - AllAfrica.com
Johannesburg — DESPITE fuel prices dropping to four-year lows at the end of last month, the airline industry ended the year on a dismal note with little to look forward to . Data released this week by the International Air Transport Association ...
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