As it tries to weather growing competition from mainland Chinese and Gulf carriers, Cathay has implemented a turnround programme, including replacing its chief executive and cutting jobs at its Hong Kong headquarters.
It now expects the outlook to remain challenging in as the headwinds continue. For this reason, PenAir has decided to wind down its operations at those two hubs. W; W; P15; K15; Jun: A federal bankruptcy judge has ordered the company to start the process of selling off everything it owns in order to pay its bills.
Load factor on flights reached The statement said passengers booked to travel with Air Mandalay after September 4 would receive a full fare refund.
Without this, first-quarter revenues would have increased by 4. J; O14; U14; W; Oct: Frequent flyer and other customer service programs will also not change. Rival Air Pegasus too had to shut operations for similar reason in July Some 11, passengers are affected.
FlyGLO LLC, the airline's parent company, filed Sunday April 24 in federal bankruptcy court in New Orleans, asking a judge to allow it to continue offering flights beyond Thursday, the date its flight management company has said it intends to cancel its contract with the airline.
L14; P14; W thru W; Apr: Live updates The government has warned passengers to expect disruption and delay as it works to ensure there are enough flights to return the "huge number" of passengers.
Mr Borghetti said both Virgin and Qantas were deploying capacity rationally which meant they could increase airfares. Total revenues for the quarter declined 0. Those with SkyWork bookings are advised not to come to the airport, and rather to contact the booking or travel agent where they initially bought tickets.
J, E09, W thru W; Feb: A liquidator will now be appointed to make a decision on the future of the company," he added. The summer service of Helvetic Airways, which flies from Bern to holiday destinations in Italy, Spain, France, and Greece, remains unaffected, the airport confirmed.
Continuing to operate under the protection of the United States Bankruptcy Court will allow Island Air to maintain its service to its customers, provide continued employment to its more than valued employees, and ensure a revenue stream so its vendors are paid. Due to this one-percentage-point reduction in capacity growth and a weakening of the U.
That move also ate into profits of other carriers in the country. The filing is the latest development in a dispute between the airline and the company that operates its planes.
The airline said its second-quarter adjusted operating profit before leasing and depreciation dropped 21pc to 1. Facing financial issues with the lessors, Air Costa has decided to ground its two leased aircraft, Embraer E, which can seat over passengers.
Tom Mackay, chief financial officer at Virgin Atlantic, said it was in private discussions with Rolls-Royce regarding compensation and would not comment on how much the engine problems had cost the airline to date. The board recognises on the issue of reporting losses cannot persist and radical actions are required.
Gerald Khoo, an analyst with Liberum, said: We look forward to promptly and successfully emerging from reorganization in the near future.
N07, W07, about 12, papers in total; Jan: The grounding of its fleet leaves 11, pre-booked passengers facing the challenge of securing refunds or alternative travel arrangements.
Shares in the carrier fell as much as 3. A passenger I spoke with says she is shocked. With the departure of PenAir, the City of Kearney will pursue immediately, with the DOT, a re-bid process to secure a new air carrier," according to a statement released by the City of Kearney.
Net sales during the quarter increased by The city will pursue immediately with the DOT for a rebid process to secure a new air carrier.
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