Airlines put 2008 more than 1,000 aircraft
LONDON - The international airline industry this year will be shut down 1,029 planes. This returns the “Air Transport World”, referring to a study of aviation consultancy Ascend, the Ascend CEO Eddy Pieniazek presented yesterday in London. Modernization programs, but also the realignment of the airline market are the fundamentals of the observed fleet policy. 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
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.”
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