For weeks, US Airways CEO Doug Parker has been harping on the airline’s need to switch gears from survival mode to a profitable mindset. Now the airline is on course to do just that, says Parker, by shedding money-losing routes and focusing on its core network.
Republic Airways Holdings reported a $3.3 million net profit for the third quarter, despite the poor performance of Republic’s branded service. Republic said Midwest Airlines and Mokulele Airlines combined to post a before-tax loss of $15.9 million for the third quarter.
Republic Airways Holdings reported a $3.3 million net profit for the third quarter, despite the poor performance of Republic’s branded service. Republic said Midwest Airlines and Mokulele Airlines combined to post a before-tax loss of $15.9 million for the third quarter.
British Airways posted its worst-ever first-half results, reporting a $360 million net loss in the six months ended Sept. 30. Last year, the airline reported a profit of $86.3 million for the first six months. Half-year revenue for 2009 fell by 13.7 percent, to about $6.8 billion.
British Airways posted its worst-ever first-half results, reporting a $360 million net loss in the six months ended Sept. 30. Last year, the airline reported a profit of $86.3 million for the first six months. Half-year revenue for 2009 fell by 13.7 percent, to about $6.8 billion.
Cruise tourism revenue in Cayman is growing, according to a report commissioned by an industry body, despite a decline in visitor numbers. The latest Florida-Caribbean Cruise Association report reveals that the cruise sector appears to be doing much better, with passengers spending more in the destinations they visit.