Global Net Profit Of $12.9 Billion Expected In 2013
The International Air Transport Association (IATA) has made an upward revision to its industry financial outlook. For 2013 airlines are expected to return a global net profit of $12.9 billion. This is expected to improve to a net profit of $19.7 billion in 2014. Both are improvements on the September forecast which anticipated an industry net profit of $11.7 billion in 2013 increasing to $16.4 billion in 2014.
Move Designed To Position Company For Future Growth
Boeing Chairman, President and CEO Jim McNerney has announced the promotion of two top executives to vice chairmen, the naming of a company president and chief operating officer, and the selection of new leaders for Boeing Defense, Space & Security and Boeing Military Aircraft.
Will Choose Between 'Legacy' And 'Flag' Versions For The Merged Airlines
Saying he wants all employees to have a voice in the identity of the New American Airlines, CEO Doug Parker sent an open letter to the company asking them to choose the airline's new livery.
Foreign Company Seeks To Exploit Legal And Regulatory Loopholes To Evade Its National Laws And Gain Economic Advantage Over U.S. Airlines
The Air Line Pilots Association, Int’l (ALPA) today called for the U.S. Department of Transportation (DOT) to immediately reject Norwegian Air International’s (NAI) foreign air carrier permit application because the company appears to be attempting to evade its national laws and regulations to compete unfairly against U.S. airlines and their employees. The call came in an answer that ALPA filed in response to NAI’s application.
Unable To Land At Kilimanjaro, No Injuries Reported
An email that arrived at ANN Wednesday morning contained some photos of a Boeing 767 that had made an emergency landing at Arusha Airport in Tanzania ... and it's unclear how the airplane will ever leave the airport, at least in one piece.
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