Alaska Airlines Lobbied on FAA Funding
From Forbes
WASHINGTON - Alaska Airlines spent $500,000 to lobby the federal government in 2007, according to a disclosure form. The general aviation industry and commercial airlines disagree over how much each should have to pay for upgrading the nation's air traffic control system and other aviation programs.
Posted Under: Airlines
European shares close lower led by banks, airlines
From Reuters
The DJ Stoxx bank index was the leading sectoral loser with a drop of 2.6 percent followed by travel and leisure, which includes airlines, down 2.4 percent, and autos, which fell 2.1 percent. Banks, however, trimmed intraday losses in excess of 4.5 percent after credit rating agency Standard & Poor's said in a report released late in the European trading day that an end to writedowns is now in sight for big financial institutions.
Posted Under: Airlines
Airlines hedge less, letting fuel exposure grow
From Reuters
YORK (Reuters) - U.S. airlines, battered by stratospheric fuel prices, are even more vulnerable to oil spikes now than they were a year ago as most have let their hedge positions erode. The price of crude oil, which directly affects the cost of jet fuel, rose to a record high above $110 a barrel on Thursday and is up nearly 70 percent over the last year. If current prices hold, the U.S. airline industry would pay nearly $20 billion more for fuel this year, according to data from the Air...
Posted Under: Airlines
Budget airlines a boon for UK crooks on the run
From Reuters UK
Greater extradition powers are needed to combat the trend, said Bernard Hogan-Howe, chief constable of Merseyside, the Northern English metropolitan county which includes Liverpool. "I don't think it's acceptable that someone can just travel to another country within Europe and until we get evidence to charge they are safe," he told the BBC.
Posted Under: Airlines
Airbus A380 for Singapore Airlines
From www.parking4less.co.uk/blog/
Parking4less is a UK based company providing information about airport parking and airport hotels at most major UK Airports. Passengers on these flights will be able to take advantage of the first class Singapore Airlines Suites, as well as the spacious business class cabin and a more comfortable economy class section.
Posted Under: Airlines
