The world’s top airlines warned on Thursday that soaring fuel prices were hitting profits, prompting some to increase fares, and global leader American Airlines announced thousands of job cuts to counter higher costs. Airline stocks fell sharply in Asia and Europe after stock in American’s parent AMR shed a quarter of their value as investors fretted over the cost of jet fuel.
No image available
/ 12 October 2007
Airline passengers will from next year be able to check-in using cellphone technology, a media report said on Friday. The International Air Transport Association said on Thursday that paper tickets, which use magnetic-strip technology instead of barcodes, would no longer be accepted from June.
No image available
/ 5 September 2007
Boeing’s new 787 jetliner will not begin flight testing until mid-November or mid-December, months later than originally planned, because it is taking longer than anticipated to get the first plane ready, the head of the company’s commercial airplanes unit said on Wednesday.