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Low-Cost Struggles Cloud US Airline Outlook
July 25, 2008
Low-cost airlines soared this decade with cheap fares and helped push several traditional US carriers into bankruptcy, but their struggles and failures now are providing little relief for troubled bigger rivals.
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Lufthansa To Meet Bankers On Austrian Air - Report
July 25, 2008
Lufthansa will meet bankers on Friday to pick an advisor for the possible acquisition of a stake in Austrian Airlines, the daily newspaper Die Presse said on Friday.
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Qantas Plane Makes Emergency Landing In Manila
July 25, 2008
A Qantas Airways plane made an emergency landing in Manila on Friday after plunging thousands of feet and losing cabin pressure during a flight from Hong Kong to Melbourne.
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Lufthansa Ground, Cabin Staff To Strike
July 25, 2008
Ground and cabin staff at German airline Lufthansa have voted to go on strike from Monday over pay, threatening travel chaos at the height of the summer travel season, Germany's Verdi union said on Friday.
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Alaska Air Swings To Loss, Plans Capacity Cuts
July 24, 2008
Alaska Air Group, parent of Alaska Airlines, swung to a quarterly loss on Thursday on higher fuel costs and said it plans to cut mainline capacity later this year and again in 2009.
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Disabled Rights Imposed At EU Airports
July 24, 2008
New rules to give disabled and elderly travelers equal access at European Union airports will come into force at the weekend, the European Commission said on Thursday.
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Asur Q2 Net Profit Up 5.8 Percent
July 24, 2008
Mexican airport operator Asur posted a 5.8 percent rise in second-quarter net profit on Thursday, driven by solid revenue and passenger traffic growth despite the airline industry's struggle with high fuel prices.
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EU Keeps Indonesia On Airline Blacklist, Adds Gabon
July 24, 2008
The European Commission added the west African state of Gabon to its airline safety blacklist on Thursday and maintained a ban on all Indonesian airlines flying to the European Union.
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Southwest Airlines Posts Profit Increase
July 24, 2008
Southwest Airlines on Thursday posted a higher-than-expected quarterly profit as it continued its record of successfully hedging against high fuel costs.
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EasyJet Sees Year Profit Dip
July 24, 2008
British budget airline easyJet warned on Thursday that the high cost of fuel could cut full year pretax profits 42 percent to GBP110 million pounds, and unveiled plans to cut capacity this winter.
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Visa Canada Probes Reports Of Fraud At Airport
July 24, 2008
Visa Canada on Wednesday said it was investigating possible fraud tied to air travel, with news reports specifying that there may be problems at self-service check-in kiosks at Toronto's Pearson Airport.
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Continental Seeks To Join Star Alliance
July 24, 2008
Continental Airlines formally sought permission from the US government on Wednesday to join the Star Alliance.
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Mexican Airlines Cancel Routes On Rising Fuel Costs
July 24, 2008
Two Mexican airlines have canceled 11 routes to low-profit destinations this year, due to rising fuel costs.
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Shanghai Air, China Eastern Say No Merger Talks
July 24, 2008
China Eastern Airlines and its smaller rival Shanghai Airlines said on Thursday they had not discussed a possible merger, playing down a media report on a possible tie-up that had sent their shares surging.
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Italy Close To Solution For Alitalia - Minister
July 23, 2008
Italy is close to finding a solution to rescue near-bankrupt airline Alitalia, Industry Minister Claudio Scajola said on Wednesday, without ruling out the possibility of placing it in extraordinary administration.
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Air Industry Calls For US Crude Reserve Release
July 23, 2008
The US government should tap the national petroleum reserve to relieve ailing airlines that have been stung by soaring oil prices, the industry's leading trade group told lawmakers on Wednesday.
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Northwest Reports Quarterly Loss On Fuel Bill
July 23, 2008
Northwest Airlines reported a quarterly net loss on Wednesday, falling victim, like its rivals, to the high fuel prices that have forced industry-wide downsizing.
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Boeing Quarterly Net Profit Falls On Delays
July 23, 2008
Boeing reported a bigger-than-expected 19 percent drop in quarterly profit on Wednesday as it took a charge on a delayed military plane contract and suffered effects of its troubled 787 Dreamliner.
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Indonesia Court To Try Pilot Over Yogyakarta Crash
July 23, 2008
The trial will begin this week of a Garuda Indonesia pilot over a crash in 2007 that killed 21 people when the plane he was flying skidded off the runway at Yogyakarta Airport, a prosecutor and lawyer said.
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JetBlue Suffers Quarterly Loss, Growth On Hold
July 23, 2008
JetBlue Airways on Tuesday reported a net loss, reversing a year-ago profit, on rising fuel costs and said it has suspended its near-term growth plans.
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China Eastern, Shanghai Air May Merge - Report
July 23, 2008
China's central government and the Shanghai city government are discussing the possibility of merging Shanghai Airlines with China Eastern Airlines, business magazine Caijing reported on Wednesday.
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US Air Posts Quarterly Loss On High Fuel Bill
July 23, 2008
US Airways posted a quarterly loss on Tuesday, reversing a year-earlier profit, on high fuel prices.
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Pilot Strike Hits Hundreds Of Lufthansa Flights
July 22, 2008
Lufthansa cancelled almost 1,000 regional flights at subsidiaries Eurowings and CityLine as pilots walked out in a pay dispute.
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UAL Posts Loss On Fuel, Ramps Up Downsizing
July 22, 2008
United Airlines parent, UAL, on Tuesday posted a steep quarterly loss on high fuel prices and said it would eliminate nearly 13 percent of its work force as part of a major downsizing.
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United Parent Reaches Deal To Boost Liquidity
July 22, 2008
United Airlines parent UAL said on Tuesday it reached an agreement in principle with a frequent flyer miles partner and a credit card processor that will increase the airline's liquidity by USD$1.2 billion.
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