Tagged: airlines

Lufthansa invests in new jets.

On September 19th, Lufthansa, the German airline, informed that the Supervisory Board approved the purchase of 59 new wide-body jets for long-haul routes. Lufthansa, Europe’s largest carrier by sales, has ordered 34 Boeing 777-9X,...

Air France plans to cut 2,800 jobs by the end of 2014

Air France has announced that it would aim to cut 2,800 jobs in 2014 through voluntary redundancy. Negotiations with staff representatives and trade unions will begin on October 4. Air France, which currently employs...

IATA upgrades an airline profit forecast for this year.

On June 3rd, the International Air Transport Association (IATA), which represents some 240 airlines or over 80 per cent of total air traffic, upgraded a profit forecast for carriers in 2013. A previous IATA...

Emirates Group reports another year of net profit

The Emirates Group has reported its 25th year of consecutive profits. The company posted a net profit of 845 million dollars for the year ending March 31, up 34 per cent on the previous...

Airlines are forecast to increase profits in 2013.

On March 20th, the International Air Transport Association (IATA) released data, showing that airlines are on the course to improve profits in 2013. IATA said that ‘Confidence in the outlook for both global economy...