Gather information on recent developments in the Airline Industry.
The fortunes of the airline industry have taken a turn for the worst
Fuel deals made at the top of the market last summer are starting to affect airlines who bet the wrong way
Alitalia, the Italian carrier, having teetered on the brink of collapse for the best part of a decade, re-launches this week
A new round of consolidation is on the horizon and Air France-KLM, Lufthansa and British Airways have their sights on Italy, Spain and Scandinavia
The falling oil price has removed one problem but carriers are still in trouble
'The 3.5 per cent drop in international cargo is shocking' Giovanni Bisignani, late director-general
American Airlines and United Airlines, two of the largest US carriers, have posted quarterly losses amid slumping demand for air travel.
The fourth-quarter results capped one of the most tumultuous years in the history of commercial aviation. Recession, volatile fuel prices, a deepening credit crisis and the merger of two of its biggest companies have led industry executives to eliminate services, older aircraft and jobs.
United yesterday unveiled plans to slash another 1,000 positions, bringing the carrier's cuts since the start of 2008 to 2,500, or about 30 per cent of its workforce.
The cutbacks, along with a decline in fuel costs from their record highs last summer, have put the US airlines industry on track to return to profitability in 2009 even as the economic slowdown persuades many business and leisure travellers to stay at home.
'Our fuel cost problem has, in effect, been replaced by a revenue, or travel demand, problem,' Gerard Arpey, American's chief executive, wrote yesterday in a note to employees.
In 2010 a merger-deal is reached by United Airlines and Continental (in the USA) and by British Airways and Iberia.
Sustainability is becoming an issue in the airline industry (e.g. KLM as 'smart leader' in responsible entrepreneurship.
Sections 2.4-2.4.1, 2.4.7, 2.4.8