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Airlines to lose 5.2 bln dollars in 2008 on high fuel prices: IATA
GENEVA (AFP) - Global airlines are expected to post a combined loss of 5.2 billion dollars in 2008 on a "toxic" combination of high oil prices and falling demand, industry association IATA warned Wednesday.
Activities:2008 Airlines Downturn 2007-8 Oil Crisis Source:(AFP)
2008-09-03
Delta taps $1 bln loan ahead of Northwest merger: report
NEW YORK (Reuters) - Delta Air Lines Inc (DAL.N) said it tapped a $1 billion loan ahead of its planned merger with Northwest Airlines Corp (NWA.N) and renegotiated its credit-card agreement to ensure revenue is turned over in a timely manner, the Wall Street Journal reported on Monday.
Activities:2008 Airlines Downturn Source:(Reuters)
2008-08-25
Airlines push for homegrown jet fuel
PHOENIX - With the price of oil still above $100 a barrel, everything from wood chips to chicken fat is being scrutinized as an alternative to traditional fuel. But when it comes to airplanes, finding the right mix poses a special challenge.
Nations:Brazil South Africa New Zealand Activities:2008 Airlines Downturn 2007-8 Oil Crisis Source:(AP)
2008-08-15
JetBlue now charging for pillows on planes
NEW YORK (Reuters) - JetBlue Airways Corp, which made its name providing free television and leather seats on its flights, started charging passengers for pillows on Monday, marking the latest attempt by struggling airlines to claw back some of the cost of soaring fuel prices.
Activities:2008 Airlines Downturn Source:(Reuters)
2008-08-04
Ryanair profits dive as fuel costs rocket
LONDON (AFP) - Irish low-cost airline Ryanair said on Monday that net profit dived 85 percent during its first quarter compared with the figure a year earlier as the cost of fuel rocketed.
Activities:2008 Airlines Downturn Source:(AFP)
2008-07-28
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