Word: airlinese
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Britain's Office of Fair Trading earlier today hit BA with a record $247 million fine after the airline admitted to colluding with rival Virgin Atlantic over fuel surcharges both airlines added to ticket prices. Later on Wednesday, the U.S. Department of Justice, which was pursuing a similar case against...
On at least six occasions between Aug. 2004 and Jan. 2006, the OFT found, the two companies discussed or briefed each other about proposed changes to the levy, which is meant to help airlines offset the soaring cost of fuel. In that period, the surcharges rose 12-fold to $122...
UBS maintained its "buy" rating on BA stock in a research note, and another London-based airline analyst said the fine left BA's outlook "unchanged." But it's been a turbulent year for Britain's largest carrier. The specter earlier this year of cabin crew strikes, though eventually averted...
Sally Brown, founder of Ambassadors for Children, counters that every bit helps. "If a kid can be held for a couple of days," she says, "you're able to make a small difference." Other tour operators stress that voluntourism really does have lasting impact because, despite rapid turnover among individual...
This accident, the worst in Brazilian aeronautical history, comes at a particularly—and perhaps tellingly—inopportune time for Brazilian aviation. Last year, another major Brazilian airline faced tragedy, and revealed problems. After a Gol Airlines Boeing 737 collided with a private plane and plunged fatally into...