Air New Zealand has announced that it will add capacity to its domestic network from January next year due to growing demand and an expected surge in traffic due to the Rubgy World Cup. The airline said in a statement lodged with the Australian Securities Exchange that it plans to increase domestic capacity by 10.5
Cabin crew at British Airways will hold a three day strike from March 20 and a four day strike from March 27, which are expected to cost the airline up to £140m. The Unite union which is representing cabin crew, says that BA has put forward a new formal offer to staff ahead of the
Cathay Pacific has released its 2009 financial figures, showing that the consolidated Group earned a profit of HK$4.7bn (A$66.1m), reversing a loss from the year before. The profit came despite a 22.6 per cent fall in turnover to HK$67bn (A$9.4bn) due to lower demand and yields on both passenger and cargo services, although costs were
The Lufthansa Group has defied a major fall in revenue to record a €130m (A$195.3m) operating profit for 2009. The group saw a decline in revenues of 10 per cent to €22.2bn (A$33.3bn) as weaker traffic and yields affected its airline (including its subsidiaries Swiss, Austrian Airlines and bmi) and cargo operations which saw them
Strategic Airlines will launch Perth-Denpasar services from June 12, joining Jetstar, AirAsia, Pacific Blue and Garuda Indonesia 0n the route. The airline will initially operate twice weekly services, with an additional service from July 4. Tickets for the services went on sale on March 12, with fares starting from $99 one way. The services will
IATA has halved its forecast net loss for the global airline industry this year to US$2.8bn (A$3.06bn), noting that strong demand at the start of the year and flat capacity has led to some gain in yields, albeit driven by Asia Pacific and Latin America. “We are seeing a definite two-speed industry. Asia and Latin
