SYDNEY, Dec 6 Reuters – Australia’s prime minister TonyAbbott spurned a plea for help from Qantas Airways Ltd on Friday, saying subsidising the embattled airline would be “a bottomless pit” as its credit rating was relegated to junk status.The downgrade by Standard & Poor’s followed a shock loss warning from the carrier on Thursday that …
Air Canada is in the doghouse over a spokesman’s remarks following the disappearance of a dog who escaped airline staff at a California airport. The company says handlers at San Francisco International Airport took the dog out of his crate on Monday after his flight was delayed and the pet either slipped out of his …
Italy’s government drew fire on Friday after stitching together an emergency bailout for Alitalia that critics said should involve less taxpayer money and more long-term strategy, while top shareholder Air France-KLM refused to commit to the plan.Alitalia, which last turned a profit in 2002, needs to secure funding of 500 million euros $676 million by …
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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