Australia’s Qantas Airways doubled its underlying annual profit as shrinking losses on its international arm offset tougher competition on its lucrative domestic routes. Qantas, which formed an alliance with Emirates this year in an effort to trim losses on international routes, has been trying to keep its domestic yields up as investment in the once-booming …
Lufthansa Cargo plans to phase out two of its MD-11s next year in an effort to limit capacity growth.“We don’t see at the moment how we can grow profitably using two additional freighters,” CEO Karl-Ulrich Garnadt said in an interview.The decision is bad news for the cargo industry as it signals that one of its …
BIRMINGHAM, Ala. (AP) — Landing on Runway 18 at Birmingham Shuttlesworth International Airport can be tricky for pilots, particularly ones flying big jets like the UPS cargo carrier that crashed this week, killing two people. With a large hill and trees at one end, the runway lacks the electronics for a full instrument landing. That …
A US bankruptcy court judge deferred making a decision on American Airlines’ reorganisation plan until at least 29 August, as the court awaits briefs on the impact of a US government challenge to the carrier’s proposed merger with US Airways.Judge Sean Lane set a deadline of 23 August for the briefs from Forth Worth-based American …
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