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…
Qantas, the Australian airline with a fatality-free flying record, suffered another flight mishap Monday. The latest problem was with an Argentina-bound Boeing 747 that experienced smoke in its cockpit an hour after takeoff.
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One week after one of its jet engines exploded in mid-air, Rolls-Royce said it will miss its profit target for 2010.
Rolls-Royce said that growth in underlying profit will be “slightly lower” than the expected 4% to 5%, Bloomberg News reported.
The…
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…
It’s looking more and more like the explosion of a Roll-Royce engine on a Qantas-owned Airbus A380 last week wasn’t an anomaly, but a sign of an as-yet unidentified design flaw. So how deep are the problems at Rolls-Royce, and …