Lufthansa increases profit in airline operations despite oil price
FRANKFURT - Lufthansa expects its operating profit to jump in the first half of the year for the rest of the year with a weaker development in the passenger business. It should not be ruled out that the overall economic development dampening effect on the demand for air travel impact, says the annual report for the first half, which was published on Wednesday. Read more
Virgin Galactic aircraft presents for space tourists
NEW YORK (AP) - up for the dreams of space tourists: The British billionaire Richard Branson, on Monday in the Californian Mojave desert his long-awaited aircraft carrier for private. “We call it” Eve “after my mother’s Eve Branson, but also because it is first and a new beginning,” said the entrepreneur faces a number of invited guests, as his company announced.
The plane is made of carbon fiber (Carbon) manufactured, which is a slight but very reliable composite material. The wings Holm is claimed to more than 42 meters, the longest single section in the aviation ever made of carbon produced. The machine is so low on energy as yet no aircraft in aviation history, said Branson. “The system will allow thousands of people to make their dream come true, and it is the access of all people to change it.” Read more
easyJet lowers profit forecast stronger than expected
LONDON (AP) - The British-frills airlines easyJet has its earnings forecast for the fiscal year 2007/08 due to high fuel costs more than expected back. At the same time, the company confirmed on Thursday in London considerations to the closure of its second German site in Dortmund. There are already talks with Dortmund’s workforce in progress, said the responsible for Europe easyJet spokesman Oliver Aust Deutsche Presse-Agentur dpa.
The final decision should be after a test phase in September to be taken. Of the 116 easyJet employees in Dortmund should, if possible, but no one dismissed. In the event of the closure of the site would be the “overall still growing” keen, “these well-qualified employees use elsewhere.” Read more
Lufthansa sets new Sustainability Report
FRANKFURT. Since today is the new edition of the sustainability report “Balance” Lufthansa. “Balance” provides comprehensive information about the activities, progress and goals of the Lufthansa Group in the fields of ecology, economy, society and social affairs. Wolfgang Mayrhuber, Chairman of Deutsche Lufthansa says: “For all its need for economic success, we at Lufthansa the special responsibility of protecting the environment always aware. Environmental protection, is and will remain a major corporate goal of Lufthansa.”
Concern for aircraft in Europe is increasing
PARIS (AP) - Despite Airbus order flow grows in the French region of the main Toulouse plant concern about the relocation to countries outside Europe. The times when German and French, 70 percent of the work shared was gone, said the President of the French “Airbus” Midi-Pyrenees, Martin Malvy, the “Parisien” (Wednesday).
“The orders are one thing, production is a different and wonders, in which country the manufacturing of parts to be awarded.” This would Airbus fuselage parts that have come from France, the future of U.S. manufacturers Spirit. Hulls parts for Airbus in the future will also build in the Emirates.
U.S. airline industry reports deep figures
HOUSTON / FORT WORTH (AP) - The major U.S. airlines continued to fly deep into the red figures. The parent company of the former Industries First American Airlines, AMR Corporation, made in the second quarter of a loss of 1.4 billion U.S. dollars when Delta Air Lines remained under the bar a minus of 1.0 billion dollars. Delta is close to the merger with the smaller Northwest Air Lines to the then new world’s largest supplier after passenger numbers.
American airline industry in a serious crisis
NEW YORK- Stagnating passenger numbers and persistently high prices for aviation fuel have in the first half of 2008 verheerend on the business figures of the American airline industry impact. A recent study says a new wave of insolvency in the aviation sector ahead at the end of which is not successfully completed creditor protection proceedings under Chapter 11, but company to Chapter 7 resolutions are.
By the end of this year and 2009, according to Airline Forecasts and the Business Travel Coalition study carried out in a Verharren of the crude oil price to 130 U.S. dollars per barrel medium and large U.S. airlines their creditors can no longer satisfy. “The American Airlines see with increasing concern how their cash move to zero”, the paper describes the situation.
A judicially supervised Reorganize of business processes in the eleventh section of the U.S. bankruptcy law, as several U.S. airlines after the 11 to September 2001 following sectors perceived crisis, this is not expected. “The airlines have almost all the leeway to reduce costs already exhausted,” said Branch of the Association of American Airlines ATA. The sector faces “fundamental business problems.”