Jean-Marc Eustache isn’t seeing red yet.The president and chief executive officer of tour operator Transat A.T. Inc. has a deep-pocketed new threat to watch out for: Air Canada’s low-cost carrier, Rouge.So far, though, Rouge’s arrival doesn’t appear to have done much damage to Montreal-based Transat’s performance. The summer of 2013 looks to have been an …
Earlier this week, United Continental NYSE:UAL experienced a computer glitch that allowed customers to mistakenly book cross-country flights for less than $10, leading onlookers, as well as those customers who were able to purchase ultra low-price tickets, to wonder whether United would end up honoring the bookings. But Bloomberg reports that United has now decided …
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 …
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