Search results
Results from the WOW.Com Content Network
On the upside for airlines, however, airfreight is also up and growing, and fuel prices have dropped from $91.2 to $72.5 per barrel, where anything below $80 is considered favorable for airline ...
The airline industry, which generates about 2.5% of global carbon emissions, has vowed to use more sustainable aviation fuel (SAF) in a bid to reduce emissions and reach net zero by 2050.
The airline industry is changing rapidly, so what does that mean for Texas' American and Southwest?
In Europe, airlines had successfully negotiated to defer some $1.2 billion in air traffic control charges. [30] Oliver Wyman reported that Asian airlines reduced their available seat miles by 23 percent in March 2020. [31] In Europe, the impact of the outbreak is expected to accelerate corporate consolidation in the airline industry. [32]
The global airline industry continues to grow rapidly, but consistent and robust profitability is elusive. Measured by revenue, the industry has doubled over the past decade, from US$369 billion in 2004 to a projected $746 billion in 2014, according to the International Air Transport Association (IATA).
Airfares in Europe and Asia are starting to plateau or fall in a sign that a prolonged post-COVID travel boom is waning, delivering a setback for airlines struggling with higher costs and limited ...
In November 2020, Korean Air (more than 170 aircraft) parent Hanjin announced a W1.8 trillion ($1.62 billion) takeover bid for rival Asiana Airlines (82 aircraft) from Kumho Industrial, becoming one of the ten largest airlines in the world, as state-owned Korea Development Bank will invest W800 billion into Hanjin KAL.
For premium support please call: 800-290-4726 more ways to reach us