State Of The Air

UAL, Delta hedge losses may herald airline profits

UAL Corp.'s United Airlines, Delta Air Lines Inc. and Southwest Airlines Co. all posted quarterly losses in part because of charges tied to jet-fuel contracts they bought in advance.

State Of The Air

Southwest, Continental report third-quarter losses

DALLAS — Southwest Airlines Co.

UK

Travel industry crisis leaves PR agencies out of pocket

Travel PR specialists are fearing the worst as the airline industry crisis escalates.

$5,000,000,000 And Counting

IATA: Airlines will lose US$5.2 billion in 2008

The Air Transport Association (IATA) has said it is predicting that airlines will lose US$5.2 billion in 2008, due to slowing demand and high oil prices.

Hawaii

Losses at Hawaii airline go! hit $7.4M

Despite the shutdown of Aloha Airlines in March, losses at go! doubled during the airline's latest quarter.

The second quarter will be ugly, with a capital ugh

AMR results may herald $910 million in airline losses

AMR Corp., whose American Airlines is the world's largest carrier, probably will post a second- quarter loss tomorrow, heralding industry losses of as much as $910 million on rising jet-fuel costs.

India

India airline sector flies into big losses as fuel prices bite

NEW DELHI (AFP) — India's crowded airline sector is flying into huge losses on the back of a surge in global fuel prices that have forced it to hike fares, slowing explosive passenger growth.

Airbus Concerns

Airbus: Indian airline losses may clip aircraft orders

Airbus, however, continues to see India as a key market in terms of sales, research.

Airbus Industrie, Europe's leading aircraft manufacturer, said it is expecting Indian airline companies to cancel or reschedule orders on account of their losses.

go! Airline

Hawaii interisland airline go! lost $20M

go! airline, the interisland carrier known for low fares, lost nearly $20 million during its first 16 months of operations, according to a federal filing yesterday.

go! remains committed to Hawai'i for the long term, but "clearly, we're disappointed with our results," said Jonathan Ornstein, CEO of go! parent Mesa Air Group.

Fiji

Fiji tourism losses hit $200m

(TVLW) - The tourism industry made an estimated loss of $150million-$200million for 2007, says Fiji Islands Hoteliers Association president Dixon Seeto.

The loss in tourism earnings was the result of fewer visitors, shorter lengths of stay and discounted rates.