Cathay Pacific CEO Tony Tyler says when airlines last raised fares in 2008, most travelers kept on flying. But as Mideast upheavals send oil prices skyward and airlines hike fares again, the impact on the bottom line could be q…
The European Commission has accused some 13 airlines of collaborating to set cargo and security surcharges — and to avoid paying commission on these surcharges to clients — to reduce competition. Eleven of the airlines face a…
British Airways (BAIRY) posted its first quarterly profit in two years thanks to higher ticket prices.
The company reported earnings of 229 million pounds ($365 million) for the quarter ended Sept. 30, compared with a loss of 111 million pounds a year earlier, according to Bloomberg News.
Sales rose 18% to 2.51 billion pounds.
British Airways said that yields – a measure of…
Continue reading British Airways Reports First Quarterly Profit in Two Years
British Airways Reports First Quarterly Profit in Two Years originally appeared on DailyFinance on Fri, 29 Oct 2010 06:47:00.
British Airways (BAIRY) will begin a joint venture next month on flights across the Atlantic with American Airlines (AMR), after nearly 13 years of planning.
The carriers will align their frequent-flier programs, allowing travelers to earn and use m…