Boeing raises new aircraft demand forecast
During its Current Market Outlook (CMO) presentation in London today, Boeing raised its forecast of new aircraft demand. It believes 36,770 airplanes worth $5.2...
Air France-KLM overcapacity lowers earnings guidance
An Air France-KLM overcapacity problem on long-haul flights has prompted the Franco-Dutch airline to lower its earnings guidance for 2014. Rival Lufthansa has recently...
Tui and Tui Travel merger agreement announced
A Tui and Tui Travel merger agreement has been announced by the two companies. German based Tui, one of the world's biggest tour operators,...
Etihad Alitalia 49 percent stake purchase agreed
An Etihad Alitalia deal has been agreed. The flag carrier airline of the United Arab Emirates (UAE) is to buy a 49% stake in...
Carnival Corporation profits increased
Carnival Corporation profits increased in Q2 2014 to $80 million, compared to $57 million in Q2 2013. Diluted earnings per share in Q2 2014...
April air passenger traffic grew 6.7 percent
April air passenger traffic increased by 6.7%, driven by a 9% rise in international travel and 4.8% growth in domestic flights, according to Airports...
Expedia accepts Bitcoin payments
With the news that now Expedia accepts Bitcoin payments, the virtual currency has received a massive boost after a turbulent few months. The world's...
Emirate cancels 70 Airbus A350 wide bodied aircraft
Emirate cancels 70 Airbus A350 wide-bodied aircraft, the European airplane maker and British engine maker Rolls Royce have announced. The cancellation means a 9%...
IATA lowers airline profits forecast
IATA, which represents over 200 airlines, lowers its global airline profits forecast to $18 billion for 2014. The International Air Transport Association (IATA) said...
Boeing revenue increased first quarter 2014
Boeing revenue increased by 8% to $20.5 billion in the first quarter of 2014, the company reported. Core earnings per share rose 14% to...