Ryanair Holdings PLC on Monday warned earnings will fall sharply this year as offsetting high fuel costs with fare increases becomes harder amid tough economic conditions in Europe.
HONG KONG—Cathay Pacific Airways Ltd. is considering whether to accelerate the retirement of aging aircraft over the next few years amid high fuel prices and softening demand, the carrier's chief executive said Thursday.
J.P. Morgan Securities Lower fuel prices are at the root of the healthy increases to our 2012 estimates of airlines, but it is our newly-introduced 2013 forecasts that warrant attention. If one assumes modest capacity growth and inflationary ...
SAN FRANCISCO (MarketWatch) — Given the rash of headlines about pilot meltdowns, usurious baggage fees and toddlers popping up on TSA no-fly lists, you’d think the airline industry is spiraling into another vicious crisis cycle.
DOHA, Qatar—Emirates Airline became the latest industry casualty of high oil prices, posting a 72% drop in profit for its latest fiscal year.
MUMBAI – Jet Airways India Ltd. Thursday said its January-March net loss widened from a year earlier, with higher fuel costs offsetting an increase in revenue.
NEW DELHI – India's finance ministry has agreed to pay 385 billion rupees ($7 billion) in additional cash subsidies to state-run fuel retailers for selling fuel below cost last financial year, a senior government official said Monday, in a ...
The high cost of jet fuel has played havoc with another set of quarterly numbers for Europe's airlines this week and contributed to the demise of yet another subscale carrier.
Delta Air Lines Inc. said Monday that it reached an agreement to buy a refinery complex near Philadelphia in a bid to cut the carrier's yearly jet-fuel costs by $300 million.
PARIS—Air France-KLM on Friday warned that an expected rise in fuel costs of more than €1 billion ($1.32 billion) this year will continue to pressure earnings and offset a rebound in passenger traffic, as the Franco-Dutch airline reported a ...
NEW DELHI—India's state-run fuel retailers said they will increase gasoline prices by as much as 11.5% from Thursday, the steepest rise ever and the first increase in six months, in a desperate move to arrest losses due to higher global ...
SHANGHAI—Two of China's major state-owned airlines posted sharp falls in first-quarter profit, despite higher revenue, as fuel costs rose and foreign-exchange gains shrank.
FRANKFURT—The brutal shake-up of Europe's airline sector continued Thursday as the pain of high fuel prices, rising taxes and slack growth caused another airline to collapse while two others warned of more cost cutting to come.
PARIS—International Consolidated Airlines Group SA warned Wednesday that higher fuel costs, the sluggish European economy and a pilots strike will damage its first-half results this year even as it reported after-tax profit more than ...
Portugal's government has picked four investment banks to run the privatization of national airline TAP SGPS SA as the sector in Europe continues to be buffeted by high fuel prices, stiff competition and the region's sovereign debt crisis.
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