Stockholm - The SAS Group, the operator of the joint carrier Scandinavian Airlines, reported a second-quarter pre-tax loss over record high fuel costs and overcapacity, the group said Thursday as it announced new belt-tightening measures.
The SAS Group posted a second-quarter pre-tax loss of 106 million kronor (16.8 million dollars) compared to a pre-tax profit of 762 million kronor in the corresponding business period of 2007.
Second-quarter sales were 17.7 billion kronor, up 8.7 per cent on the corresponding business period 2007.
New Delhi, Aug 14 : Following the financial crisis due to the rising fuel prices, the Cabinet Secretary will chair a maiden high-level committee meeting today to look into the problems faced by aviation industry.
Constituted by Prime Minister Manmohan Singh on July 9, the panel will recommend measures for sustained growth and healthy development of the industry.
Indian air carriers have jointly suffered an estimated loss of Rs 4000 crore last year, which is expected to double in this fiscal.
Some of the panel members are: Secretaries of the Ministries of Finance, Civil Aviation, Revenue, Petroleum and Natural Gas and the Planning Commission, IDFC Chairman Deepak Parekh and IIM Ahmedabad Professor, Dr Raghuram.
As we all know, the hike in the fuel prices led to hike in the domestic airlines prices. Thus, expensive tickets attracted fewer passengers. It is for the second month that the domestic airlines carried fewer passengers.
Singapore - Singapore Airlines has become the world's first carrier to implement an automated document check facility that simplifies the task of checking travel documents, SIA said on Wednesday.
Jointly developed by experts from 11 Star Alliance member carriers, the facility processes all visa, travel and immigration requirements of the countries in the customer's itinerary and eliminates time-consuming manual verification by staff.
The second biggest air carrier of India, SpiceJet has signed an agreement with Ross and Goldman Sachs of America.
Wilbur Ross and Goldman Sachs will invest around $100 million in Spice Jet as per new agreement. Earlier, it has decided to invest Rs 336 crore.
The American equity firm will invest the amount in two phases. The process is going on to get the fresh warrant approval from the Securities and Exchange Board of India (Sebi).
Hong Kong - Hong Kong's flagship airline Cathay Pacific Tuesday announced it is cutting 10 flights a week to North America to offset soaring fuel costs.
The airline, which last week posted its first loss in five years, is cutting one of its daily flights to Los Angeles and reducing the number of weekly flights to Vancouver from 17 to 14 from next month.
prices. Thus, expensive tickets attracted fewer passengers. It is for the second month that the domestic airlines carried fewer passengers. 
Singapore - Singapore Airlines has become the world's first carrier to implement an automated document check facility that simplifies the task of checking travel documents, SIA said on Wednesday.
Ross and Goldman Sachs of America. 
Hong Kong - Hong Kong's flagship airline Cathay Pacific Tuesday announced it is cutting 10 flights a week to North America to offset soaring fuel costs.
