FedEx is moving closer to achieving its 2020 global citizenship goals with significant support from its 290,000 staff combined with latest technology strategic investments. According to FedEx Asia Pacific Asia Pacific David Cunningham, the FedEx 2010 Global Citizenship Update released last week highlights how collaboration and investments can both connect and engage staff while creating economic opportunity.
Austrian Airlines Group reported a 2011 first-half operating loss of €63.1million ($89.8 million), slightly improved from a €68.7million operating deficit in the year-ago period. Revenue was down 0.7% to €1.02 billion.
Cathay Pacific Airways blamed high fuel prices for a 59% year-over-year drop in net profit to HK$2.8 billion ($359 million) for the first six months of 2011.
When next summer's timetables are released in April 2012, EgyptAir Express expects capacity to return to the level operated prior to the start of civil unrest in Egypt last January, GM-Planning Ehab Ghazy told ATW recently on the sidelines of the Connectivity in Africa conference in Nairobi.
Delta Air Lines and Grupo Aeromexico entered into a commercial alliance under which DL will invest $65 million in Aeromexico in exchange for ordinary shares in the Mexican airline.
Virgin Atlantic Group reported a pre-tax operating profit of £18.5 million ($30 million) for its financial year ended Feb. 28, reversed from a £132 million pre-tax operating loss in the prior fiscal year. Revenue for the group, which includes Virgin Atlantic Airways and tour operator Virgin Holidays, increased 13% year-over-year to £2.7 billion.
CIT Aerospace, the aircraft leasing unit of CIT Group, finalized its order for 50 A320neo family aircraft first announced in June at the Paris Air Show.
News from Travel Technology Update: Lufthansa will begin levying a credit card surcharge on tickets issued on or after Nov. 2 for flights departing from airports in Germany, Belgium, Finland, the U.K., the Netherlands and Switzerland.
AirAsia, AirAsia X and Malaysian Airline System announced they have entered into what is termed a Comprehensive Collaboration Framework, which includes a major share swap and a collaboration agreement to explore opportunities to cooperate on a broad range of areas.
Lufthansa will begin levying a credit card surcharge on tickets issued on or after Nov. 2 for flights departing from airports in Germany, Belgium, Finland, the U.K., the Netherlands and Switzerland. The "Optional Payment Charge" will apply to all channels. The charge per ticket will be €5 on domestic routes; €8 on intra-European routes, and €18 on long-haul routes. Negotiated corporate fares will be exempt until March 31.
AirAsia, AirAsia X and Malaysian Airline System have announced they have entered into what is termed a Comprehensive Collaboration Framework, which includes a major share swap and a collaboration agreement to explore opportunities to cooperate on a broad range of areas.
SunExpress, the Antalya-based joint venture between Lufthansa and Turkish Airlines, reported that first half 2011 revenue increased 44% year-over-year to €271million ($390 million).
Malaysia Airlines and arch rival AirAsia are reported to be planning a share swap that would give AirAsia's parent a 20% stake in Malaysia's national airline, according to Reuters.
