BUDAPEST, Hungary (AP) — Hungary’s Malev airline says its has ceased operations and grounded all its flights to “minimize damage” after its financial situation became unsustainable. Malev, a member of the Oneworld airline alliance which also includes American Airlines and British Airways, has debts of around 60...
read moreGlobal airline passenger traffic rose 5.9 percent last year despite weak conditions, the International Air Transport Association said Wednesday, with 2012 likely to be difficult for the industry. “Given the weak conditions in Western economies the passenger market held up well in 2011,” IATA said in a statement,...
read moreTHE International Air Transport Association says passenger demand grew 5.9 per cent last year but lagged behind capacity increases. The group, which represents some 240 major airlines, says the airlines increased their available seats by 6.3 per cent, meaning average loads declined slightly in 2011. IATA...
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The post comes from Kimberly Palmer at partner site U.S. News World Report. Here’s some good news for air travelers: It just got easier to know how much you’re paying to travel and compare prices in advance. That’s because new rules from the Transportation Department that went into effect last week require...
read moreMANILA, Philippines (AP) — Low-cost airline Cebu Air Inc. says it will capitalize on trips made by millions of Filipino overseas workers by launching long-haul flights to the Middle East, Australia and the U.S. by mid-2013. President and CEO Lance Gokongwei told reporters Tuesday that the airline will lease up to eight Airbus...
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30 January 2012 Last updated at 06:58 ET Please turn on JavaScript. Media requires JavaScript to play. Hundreds of flights were cancelled after the company stopped operating on Friday Spain’s fourth-largest airline Spanair has collapsed, leaving...
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