Airlines

Page 1

Aviakompaniya UTair OAO to cut 20 pct of flights, 10 pct of staff in 2014-2015-Interfax

Thursday, 16 Oct 2014 01:04am EDT

Aviakompaniya UTair OAO:Aviakompaniya UTair OAO, a Russian airline that is having financial troubles amid the slump in demand for air travel services, plans to reduce the number of its flights by 20 percent and cut its staff by 10 percent in 2014-2015-Interfax.There are plans to lay off more than 800 people, 500 of them management and administrative staff and 300 flight and technical staff, a company spokesman said.He said the cuts are being made as part of UTair's cost cutting program.The company had a total debt of 69 billion Russian rubles as of June 30 according to its RAS financial statement for the first half of 2014.It attributes difficult financial situation to an increase in lease payments for new aircraft and expenditures on fuel due to changes in currency exchange rates since the start of 2014.In addition, the company said its cost of borrowing has grown since the start of this year from 9 pct annually to 14-15 pct.The series of bankruptcies of Russian travel firms has also had a negative impact on the airline's business.UTair announced a cost cutting program in the middle of the summer that calls for reducing administrative staff, optimizing the route network and accelerating passenger services.

AK TRANSAERO OAO launches flights on Moscow-Murmansk route

Sunday, 12 Oct 2014 08:00pm EDT

AK TRANSAERO OAO:Says that on Oct. 10-11 the company made its first flight on the Moscow-Murmansk route.Initially, the UN175/176 flight will operate three times a week, and as of Oct. 26 five times a week.

Aviakompaniya Sibir' OAO subsidiary to open Moscow-Tbilisi air route-Interfax

Tuesday, 30 Sep 2014 12:29am EDT

Aviakompaniya Sibir' OAO:Globus Airlines, a subsidiary of Russia's Aviakompaniya Sibir' OAO (S7 Airlines), will open a direct air route between Moscow and Tbilisi on Nov. 2, said TAV Georgia, the Tbilisi Airport operator-Interfax."At the end of the talks, Globus Airlines plans to make three flights a week along the Moscow-Tbilisi route starting Nov. 2" TAV Georgia said."According to the note of the Georgian Foreign Ministry, regular air traffic along the Moscow-Tbilisi-Moscow route shall resume on Sep. 15" the Federal Air Transport Agency (Rosaviatsiya) reported.The agency said the interdepartmental commission clearing transporters to operate international passenger and cargo flights had permitted Aeroflot, VIM-Avia, Globus, S7 Airlines, Transaero, Ural Airlines and UTair to resume regular flights between the Georgian and Russian capital cities.Two airlines from Georgia, Georgian Airways and flyVista Georgia, also expect to operate regular flights between Tbilisi and Moscow.Regular air traffic between Russia and Georgia was disrupted in Aug. 2008 because of the armed conflict in South Ossetia.Flights resumed in Aug. 2010.At present, direct flights between Russia and Georgia are available in the charter regime between Moscow, Yekaterinburg, Tbilisi, Batumi and Kutaisi.The flights are operated by Russia's S7 and Ural Airlines and Georgian Airways.

Delta Air Lines to add new service

Tuesday, 16 Sep 2014 12:54pm EDT

Delta Air Lines:Launches twice-daily nonstop service from Los Angeles to San Antonio, Texas, beginning April 7, 2015.The San Antonio service complements Delta's daily service from Los Angeles to Dallas, which launches Nov. 3, and the addition of a third daily flight between Los Angeles and Austin, Texas, beginning Nov. 2.All flights are operated by Delta Connection carrier Compass Airlines.With the addition of San Antonio and Dallas service, Delta customers will have access to nine daily departures to three destinations between Los Angeles and Texas.

Southwest Airlines announces new service to San Jose, Costa Rica

Friday, 12 Sep 2014 10:10am EDT

Southwest Airlines Co:Filed an application with the U.S. Department of Transportation to add its first destination in Central America with daily roundtrip service b/w Baltimore/Washington Thurgood Marshall International Airport and Juan Santamaria International Airport in San Jose, Costa Rica, beginning March 7, 2015.

PT Garuda Indonesia (Persero) Tbk launches Jakarta-London service-The Jakarta Post

Monday, 8 Sep 2014 08:00pm EDT

PT Garuda Indonesia (Persero) Tbk:Starts its new Jakarta-London flight service with Boeing B777-300 Extended Range (ER) aircraft with total capacity of 314 seats-The Jakarta Post.Airline will fly to Gatwick International Airport from Soekarno-Hatta International Airport five times a week, with a stop in Amsterdam, the Netherlands.

PT Indonesia Transport & Infrastructure Tbk to develop toll road-Kontan

Sunday, 7 Sep 2014 08:00pm EDT

PT Indonesia Transport & Infrastructure Tbk:Plans to develop the Ciawi-Sukabumi toll road at a cost of 7.8 tln rupiah-Kontan.First phase of construction will start in December.

Hainan Airlines Co launches Hangzhou-Xi'an-Paris route

Friday, 5 Sep 2014 04:00am EDT

Hainan Airlines Co Ltd:Says Airlines flight HU7907 took off from Hangzhou International Airport, making a stop at Xi'an Xianyang International Airport, before heading on to Paris.Says this is the airline's fifth European route following its routes to Moscow, Saint Petersburg, Brussels and Berlin.

Fastjet fastjet launches fourth international route between Tanzania and Uganda

Monday, 1 Sep 2014 02:00am EDT

Fastjet PLC:Says it is launching flights between Dar es Salaam and Entebbe.Says Entebbe is fastjet's fourth international destination and the new route will be the only direct air link between the two African capitals.Flights are planned to commence on Sept. 16.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary

Analyst Research

Report Title Price
Provider: Renaissance Capital
$92.00
Provider: Renaissance Capital
$92.00
Provider: Thomson Reuters StreetEvents
$75.00
Provider: Auerbach Grayson & Co., Inc.
$75.00
Provider: New Constructs, LLC
$10.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.