GOL announces revised fleet plan and reduces growth

SAO PAULO, Brazil (August 6, 2008) - GOL Linhas Aereas Inteligentes S.A., the parent company of Brazilian airlines GOL Transportes Aereos S.A.

SriLankan Airlines tackles impact of high fuel prices

SriLankan Airlines is moving swiftly to minimize the impact of skyrocketing fuel prices with a series of decisive actions throughout the airline.

Continental Airlines announces second quarter loss

HOUSTON, Texas - Continental Airlines today reported a second quarter 2008 net loss of $3 million ($0.03 diluted loss per share).

Wolfgang’s East Africa report

ELEPHANTS ON RAMPAGE

AMR Corp. parent company of American Airlines reports 2008 second quarter net loss of $284 million

FORT WORTH, Texas - AMR Corporation, the parent company of American Airlines, Inc., today reported a net loss of $1.4 billion for the second quarter of 2008 or $5.77 per share.

ExpressJet Airlines suspends branded commercial operations

HOUSTON, Texas - ExpressJet Airlines announced today that it will suspend flying under several lines of its at-risk flying operations in September 2008.

Fly free, pay for fuel days ahead?

In the face of shrinking profit margins, ballooning cost of fuel in the foreseeable future, airlines may be forced to face the reality of flying passengers for free, paying only for fuel and airport c

Spirit Airlines attacks record fuel prices

MIRAMAR, Florida - Spirit Airlines attacks record high fuel prices by revising 2008 growth, cutting 15% of non-fuel costs, continuing to increase non-ticket revenue and continuing to expand to the Car

African aviation on the abyss

KAMPALA, Uganda (eTN) - With aviation fuel prices in Entebbe now standing at US$1.17 per liter of JetA1 and an astonishing US$2.38 per liter of AVGAS, worries among aviation staff are spreading as the

Biofuels become aviation's big focus

As concerns about global warming intensify throughout the world, aviation is receiving a disproportionate level of scrutiny for its contribution to total global production of greenhouse gases.

Oil-fueled catastrophe in the airline industry would cripple US economy and eliminate US jobs, study reveals

A new study prepared by the Business Travel Coalition (BTC) has revealed that the skyrocketing price of aviation fuel will have devastating implications far beyond new surcharges for checked bags and

American Airlines tackles current challenges head on

Gerard Arpey, chairman and chief executive officer of AMR Corporation, the parent company of American Airlines, Inc., said today that the world's largest airline continues to tackle "head on" the challenges of record fuel prices and economic concerns and is much better positioned than it was several years ago to manage through the current ... read more

To put it mildly, without a dramatic reduction in fuel prices, airlines in America are screwed

They were struggling even before the rise in oil prices and it would hardly be a stretch to call the industry one of the most disliked in America. The only service left to airline passengers is low fares. If those go away, so will the consumers.

Executive Talks: Strong expansion is the best way to cope with high fuel prices, AirAsia exec says

KUALA LUMPUR, Malaysia (eTN) - As world aviation enters shaky times with jumping fuel prices, many airlines start to struggle and cut back on capacities, eliminating routes with weaker yields or the ones requiring high fuel consumption such as non-stop flights between Asia and New York.

Down the US economy goes

Three top US economists have shed light on several issues that plague the country. There all agree that 2008's outlook is bleak.

Continental Airlines announces details of capacity reductions

Continental Airlines released details today of the reductions in flying that were announced last week. These actions are among the many difficult steps the airlines is taking to respond to record-high fuel prices that are creating unprecedented challenges for the airline industry.

East African airlines expect trouble over fuel prices

KAMPALA, Uganda (eTN) - Smaller airlines operating in the region and using outdated fuel guzzling equipment are set for serious financial trouble should fuel prices continue to rise.

Soaring fuel prices force another US airline to slash planes, flights, staff

Continental Airlines says soaring prices for jet fuel are forcing it to slash 3,000 jobs from its 45,000-person workforce, retire some old, inefficient planes, and cut flights.

Thursday's announcement by Continental follows similar drastic actions by rival carriers Delta, United, and American.

Turkish Airlines reports 260% profit increase

ISTANBUL, Turkey (eTN) – In the days when airlines are hardly staying in business because of skyrocketing fuel prices, one airline seems to have figured out a way to go the exact opposite and actually turn in a profit.

Turkish Airlines (THY) reported a first-quarter net profit of $104 million, which it said represented a 260 percent ... read more

Air Pacific to increase fares due to record oil prices

SYDNEY, Australia (eTN) - Air Pacific has announced in a press release that it will increase its fares from Australia to Fiji by approximately five per cent for tickets issued from June 11, 2008.