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Business 04 May 2017 | 12:00 AM

Hard for Alitalia to find rescuer this time

LONDON: After its second bankruptcy filing in a decade, Alitalia SpA’s survival hinges once again on attracting a buyer prepared to put the attractions of the Italian travel market ahead of the risk of pouring money into one of Europe’s most notoriously unprofitable businesses.

Business 26 Apr 2017 | 12:00 AM

Alitalia risks collapse after staff spurn restructuring plan

ROME: Alitalia SpA workers voted against job reductions and pay cuts touted as the last chance for the cash-strapped Italian flag-carrier to avoid being placed under administration.

TECH 22 Mar 2017 | 6:07 AM

Mideast airlines face laptop bans on flights to US, UK

Middle Eastern airlines faced new travel curbs after the US announced a bar on people carrying large electronic devices onto flights bound for the country, citing security concerns. Britain followed suit hours later.

Business 17 Mar 2017 | 12:00 AM

Lufthansa profit to fall this year as ticket prices drop

FRANKFURT: Deutsche Lufthansa AG predicted that earnings will fall for a second consecutive year as a capacity glut weighs on ticket prices while fuel costs rise.

Business 07 Feb 2017 | 12:00 AM

Ryanair cautious on outlook

LONDON: Ryanair Holdings Plc reported an 8% drop in third-quarter earnings and said it’s “cautious” about meeting full-year targets as a capacity glut and stuttering economies cause fares to tumble.

Business 31 Jan 2017 | 12:00 AM

Airlines switch flight staff to save crew from Trump ban

FRANKFURT: Major airlines including Deutsche Lufthansa AG and Emirates are modifying staff rosters to keep crew members from getting caught up in President Donald Trump’s executive order barring people from seven predominantly Muslim states from entering the US.

Business 08 Nov 2016 | 12:00 AM

Ryanair lifts passenger target on cheap fares

LONDON: Ryanair Holdings Plc said it will transport more passengers than previously expected in the years ahead, as lower fares help Europe’s biggest discount airline draw customers and boost profit.

Business 05 Nov 2016 | 12:00 AM

SIA reiterates weak outlook as profit slumps

SINGAPORE: Singapore Airlines Ltd (SIA) said it will be vigilant on costs as it warned yet again that the weak operating outlook is likely to persist amid excess capacity and aggressive pricing by competitors.

Business 21 Oct 2016 | 12:00 AM

Lufthansa hikes forecast on premium class bookings

LONDON: Deutsche Lufthansa AG raised its 2016 profit forecast after premium class bookings beat the airline’s expectations and as fuel costs decline. The stock rose the most in eight years.

Business 27 Sep 2016 | 12:00 AM

Airlines show support for UN pollution plan

NEW YORK: The aviation industry is supporting a United Nations proposal to limit pollution from international flights even though the measure may eventually cost companies US$24bil annually.