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Thursday, 22 September 2011

Germany's Lufthansa has issued a profit warning and says it no longer expects 2011 group operating profit - covering Lufthansa, Austrian, Swiss and BMI - to exceed 2010's result and will cut capacity. Analysts had been expecting about EUR1 billion.

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Thursday, 22 September 2011

The International Air Transport Association (IATA) is raising its forecast airline profit for 2011 by US$2.9 billion to US$6.9 billion, but says this will fall back to US$4.9 billion in 2012.

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Thursday, 22 September 2011

Germany's Deutsche Post DHL Group has taken over the former DHL Global Forwarding and Lufthansa Cargo 50/50 joint venture LifeConEx, the end-to-end life sciences cold chain logistics provider.

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Thursday, 22 September 2011

Taiwan and Japan are said to be close to finalising details of an open sky agreement, with Taiwan's Ministry of Transportation and Communications (MOTC) saying the pact will liberalise commercial aviation services.

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Wednesday, 21 September 2011

Australian flag carrier Qantas Airways faced accusations of 'thuggery' Tuesday and was told it faces further industrial action if negotiations between it and staff remain stalemated.

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