United Kingdom
United States
Asia Pacific
Profit at Continental; Losses at American and Northwest
Bankrupt Northwest Airlines projected this week a pre-tax loss of $1.7 billion for 2005, representing the largest in its history, due to high fuel costs, inability to raise fares, and high labor costs.
Continental Airlines reported this week it earned $61 million in the third quarter, despite facing higher cost of jet fuel and two hurricanes, as a 7 percent increase in passenger traffic and higher fares helped the bottom line.
American Airlines parent AMR Corp. reported Wednesday that it decreased its quarterly loss to 153 million dollars from 214 million a year ago, but warned that if the high fuel prices remain and the airline is unable to pass them on to consumers, there may be a significant loss in the fourth quarter.
To cover the increase in fuel costs over the past two years, American would have had to raise fares nearly 75 dollars per roundtrip ticket, while it has been only able to increase them by 15 dollars.
Cost-cutting initiatives, including limiting capacity, are being aggressively sought by all three airlines.
Charles Kao
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Dozens fall ill in P&O Cruises ship outbreak