Latest in Tag: airlines Highlight
Latest in Tag: airlines
Weigh more, pay more
By Peter Singer MELBOURNE: We are getting fatter. In Australia, the United States, and many other countries, it has become commonplace to see people so fat that they waddle rather than walk. The rise in obesity is steepest in the developed world, but it is occurring in middle-income and poor countries as well. Is a person’s …
Emirates eyes hedging strategy as fuel costs bite
By Bill Rigby / Reuters SEATTLE: Dubai’s Emirates airline may revive its hedging program to help guard against soaring fuel costs, which forced it to pay an additional $1 billion in its half year results alone, its chairman said. Sheikh Ahmed bin Saeed Al-Maktoum said in an interview that 2011 earnings for the fast-growing carrier, whose …
Etihad snaps up stake in debt-laden Air Berlin
FRANKFURT: Etihad Airways threw a lifeline to ailing Air Berlin and gained access to more European routes by raising its stake in the German airline to 30 percent and lending it $255 million. Abu Dhabi-based Etihad will buy new shares in Air Berlin, Germany’s second-biggest carrier after Lufthansa , for about €73 million ($95 million), …
EasyJet CEO says no hit from euro zone crisis: paper
FRANKFURT: Low-cost airline EasyJet (EZJ.L) has felt no impact on its business from the ongoing debt crisis in the euro zone, its chief executive told a German newspaper. Asked whether the company had felt any fallout, Carolyn McCall told Welt am Sonntag: "So far we haven’t. People don’t seem to let events in Brussels ruin …
Budget carrier flydubai hit by high fuel costs
DUBAI: Budget carrier flydubai, which does not hedge its fuel costs, is being hit by persistently high oil prices which have left it more exposed to short-term volatility than rival carriers, its chief executive said. High fuel prices have crimped global airline profits, compounding the impact of slower global growth and waning consumer confidence. Oil …
In dramatic reversal, Qatar signs $6.5 bln Airbus deal
DUBAI: Qatar Airways finally returned to the table to sign a $6.5-billion deal with Airbus hours after cancelling an announcement at the last minute and bluntly telling the European planemaker to go back to basics. Chief Executive Akbar Al Baker made a second appearance to announce the firm order for five A380 superjumbos and 50 …
Egypt Air to resume flights to Tripoli
CAIRO: Egypt’s national airline says it will resume flights to the Libyan capital Tripoli next week, marking a step toward normalcy after Libya’s eight-month civil war. EgyptAir said in a statement on Thursday evening that it will run daily flights from Cairo to Tripoli starting Nov. 17. It began running four flights per week to …