Fuel Prices
-
IAG Posts First-Quarter Loss, Projects Break-Even 2012
… Group cited a 24.9 percent spike in fuel costs . The airline group reported strong ..... however, was adversely affected by fuel costs and, according to IAG CEO Willie Walsh ..... Looking ahead, IAG expects its full-year fuel costs to increase by more than €1 billion …
-
Delta Air Lines officially has abandoned the Atlanta-Shanghai route
… The carrier launched nonstop service between the two cities in 2008, but suspended it twice, first in light of "the economic slowdown" and then in January 2012 as a result of high fuel prices and "our overall capacity reduction."
-
Virgin America reported a full-year 2011 net loss of $100.4 million
larger than its $68.7 million loss in 2010. The privately held carrier cited "high fuel costs and the costs of growth." Full-year revenues jumped by 43 percent, pushing Virgin America above the $1 billion threshold …
-
Delta Air Lines through a subsidiary company agreed to acquire from Phillips 66 a Philadelphia-area oil refinery
Delta subsidiary Monroe Energy, which plans to close the transaction by the end of June, will invest $250 million in the acquisition, refinery improvements and related sourcing and marketing agreements with Phillips 66 and BP. Delta plans to double the refinery's jet fuel production, eventually
-
Airlines 'Rebuilding Fences' For Airfares In Strong Demand Environment
… demand environment certainly feels strong, yields are robust and the industry is successfully passing on the increase in fuel prices ." Greene then asked, "So, essentially, it's rebuilding fences and some revenue management?" Kirby responded …
-
Delta Air Lines swung to a first-quarter net profit of $124 million from a $318 million loss a year earlier
… quarter and full year will be not only solidly profitable but also a significant improvement over last year, despite higher fuel prices ," according to CEO Richard Anderson. Delta for the June quarter said it expects both domestic and international system …
-
US Airways Group posted a first-quarter net profit of $48 million versus a $114 million loss a year earlier
… National airports. "We are pleased to report significantly improved first quarter financial results in spite of record high fuel prices ," according to CEO Doug Parker. "Consumer demand for our product remains very high, resulting in record-high first …
-
American Airlines parent AMR posted a $1.7 billion first quarter net loss
… the same period last year. Bankrupt AMR attributed the loss to $1.4 billion in reorganization items "and an increase in fuel costs , partially offset by higher operating revenues," according to its quarterly report. Consolidated passenger yield, a representation …
-
Fed Report: Boston, Kansas City Experiencing Strong Business Travel
… petroleum prices," according to the Fed, which added that fuel prices especially are pressuring upward transportation costs. For ..... report pointed to increased airfares resulting from higher fuel costs . In Dallas, "airlines reported solid passenger demand over …
-
Oil, Business Travel Accentuate Revised IATA Forecast
The International Air Transport Association reduced its profit forecast for the global airline industry to $3 billion from the previous $3.5 billion projection, primarily resulting from "the sharp rise" in oil and fuel prices .<br />
