Airline Finance News - Europe.

 
FREE EXCERPT

Mar 10, 2008

Soaring fuel prices push European fares higher. The steep increase in the price of jet fuel has pushed up fares to many destinations in Europe by an average of 10%. The increase is equal to between $100 and $200 per fare in many cases. Mar 7, 2008

Aer Lingus

Aer Lingus said on Friday it carried 751,000 passengers last month, 15.0 percent more than a year ago, helped by a growing route network, though flights were not as full as in February 2007. The former state carrier said its load factor was 66.7 percent in February, down from 75.0 percent a year ago. Passenger traffic, measured by revenue passenger kilometres (RPKs), rose 16.3 percent from the same period in 2007. On short-haul routes, the load factor fell to 72.1 percent from 75.1 percent a year ago, while RPKs gained 17.9 percent. On long-haul routes, the load factor slipped to 60.1 percent from 74.8 in February 2007 as RPKs rose 13.9 percent year-on-year. Mar 7, 2008

Air France KLM, Alitalia

Silvio Berlusconi, head of the Forza Italia party and the favorite to be elected Italy's new prime minister in April, said this week that he opposed Air France KLM's acquisition of Alitalia. The comments, made on domestic television, conflict with those by Lega Nord officials last month and is allied to the center-right coalition headed by Forza Italia. "On Alitalia I am critical, very critical. I think Italy should not be deprived of its flag carrier," Berlusconi reportedly told Sky TV 24. He suggested that Italian companies form a consortium to buy and manage the airline. He also defended Milan Malpensa's status as a hub airport, saying that Alitalia / Air France KLM's plan to reduce service in the north is a "grave problem." Mar 6, 2008

Alitalia

Alitalia Group said its net debt as of Jan. 31 was [euro]1.28 billion ($1.95 billion), up 6.8% from a month prior. It made [euro]3 million in debt repayments last month. Mar 5, 2008

Alitalia, Air France KLM

Italian conservative leader Silvio Berlusconi toned down his opposition to Air France KLM's acquisition of Alitalia, telling Rai Uno television, "I think it's possible to envision a public company with Alitalia, Air France and KLM, so long as Alitalia remained a national company with the Italian flag on the planes and offices across the world," Agence France Presse reported. Exclusive negotiations between Alitalia and Air France KLM must conclude by March 14. Mar 7, 2008

Alitalia, Air France KLM

Italy's nearly bankrupt national airline Alitalia is becoming an emotional election issue ahead of April's vote, with politicians sparring over and bemoaning plans to sell it to Air France KLM. A symbol of Italy's post-war economic boom and the Pope's carrier of choice, state-controlled Alitalia has lost money for five years and repeatedly warned it needs a new owner to avoid running out of cash. Italy found a willing buyer in Air France-KLM after a year of fruitless hunting, only to have Prime Minister Romano Prodi's government...

To continue reading

FREE SIGN UP