GE Aviation sees orders down 50 pct this year
June 9, 2009 ·
GE Aviation, a unit of General Electric Co (GE.N) and the world’s largest maker of jet engines, expects orders this year to halve as airlines slow plane buying amid a slump in travel demand. Jack Lutze, vice-president of sales for Europe and Africa, told RTS on Tuesday some deferrals were likely for next year’s deliveries [...]
Travel officials push back on business travel
May 13, 2009 ·
The CEO of Internet travel site Travelocity said Wednesday that misguided criticism of business travel has led to a lot of confusion about what’s acceptable. Speaking to a Senate subcommittee on tourism, Sam Gilliland said the Treasury Department’s failure to carefully define what constitutes luxury and excessive travel has led to “paralyzing confusion … in [...]
American Express says more execs are flying coach
May 5, 2009 ·
Good-bye, complimentary Champagne. For the first time since American Express Business Travel began tracking its business travelers’ airfare purchases in 1999, more than half were flying the cheap seats overseas. Those flying economy on international flights soared 13 percentage points to 56 percent in the first three months this year. The number has historically been [...]
Southwest Airlines to offer 10 daily nonstops from Boston
April 14, 2009 ·
Southwest Airlines Co. said Tuesday it will launch service at Boston’s Logan Airport on Aug. 16 with 10 daily nonstop flights to Chicago and Baltimore. Southwest said it would operate five flights to Chicago’s Midway Airport with one-way fares starting at $89 and five to Baltimore-Washington International starting at $49 each way. Those fares come [...]
FAA sees 9 percent fewer air passengers this year
March 31, 2009 ·
The Federal Aviation Administration predicts that nearly 9 percent fewer passengers will board major U.S. airlines for domestic flights this year, and that traffic on international flights will also decline as the bleak economy curbs business travel and vacation plans. The FAA’s 2009 projections, released in a report Tuesday, match airlines’ grim outlook. The major [...]
Continental says business travel still falling
March 18, 2009 ·
Continental Airlines Inc. said declining business travel is hurting a key measure of revenue, and that the drop-off has gotten worse since January. The fourth-largest U.S. airline said drops in yield, or the money it collects for flying each passenger one mile, have “become significant.” Earlier this month Continental said its February revenue per available [...]
Premium travel dropped 16.7 percent in Jan.
March 17, 2009 ·
The number of passengers flying in the front of the plane on premium tickets fell 16.7 percent in January, a trade group said on Tuesday. The International Air Transport Association estimated that with fewer passengers, revenue from first- and business-class travel probably fell at least 25 percent in January, “wreaking significant damage to network airline [...]
