News by tag: Airline industry


Monarch's collapse leaves 110,000 passengers stranded

UK low cost airline and holiday company Monarch Airlines has collapsed and been placed in administration leaving 110,000 customers stranded abroad. The accountants KPMG announced in the early hours of Monday that Monarch, Britain’s longest-surviving airline, had been placed into administration and that all further flights from the UK had been cancelled and would not be rescheduled.

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Dubai is testing Air Taxi Flight

The Dubai Civil Aviation Authority (DCAA) has begun testing on a proof-of-concept autonomous air taxi, flying for five minutes approximately 650 feet above a windy residential neighborhood. The air taxis (AATs) are built by the German company Volocopter. Looking like a helicopter with a drone's rotors attached at the top, it is meant to seat 2 with 18 propellors. Unmanned for its first run, the test and surrounding ceremony was arranged by Dubai Crown Prince Sheikh Hamdan bin Mohammed.

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Wizz Air lets you book flights in a flexible way

Wizz Air today introduces its new “Flexible Travel Partner” service, allowing customers to create a new reservation without including all passengers’ names at the time of booking. This innovative new product has been designed for customers who want to book their trip securing low-cost fares well in advance, yet are uncertain who their travel partners will be.

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Ryanair would avoid delays changing luggage policy

Millions of Ryanair passengers will be forced to put their weekend bags and small suitcases in the hold from November 1, unless they cough up £10 per return flight for priority boarding. The low-cost airline said only those who pay the fee will be allowed to take a larger 10kg bag, measuring up to 55cm x 40cm x 20cm, into the cabin. Everyone else will be able to keep a small handbag or laptop bag (35cm x 20cm x 20cm), but will have their bigger cases taken from them at the gate and placed in the hold (free of charge).

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Flying with KLM, you can use special Whatsapp service

KLM has launched a Whatsapp service for businesses, allowing passengers to receive flight information through the messaging app. The Dutch company has become the first airline out the gates with a presence on Whatsapp Business, a dedicated channel in which companies can reach out to their customers.

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Ryanair's results "fly", thanks to strong Easter

A strong Easter bank holiday weekend helped Ryanair to a 55% rise in profit for the three months to the end of June. The airline reported a profit after tax of €397m for the quarter, compared to an average forecast of €366 million in a company poll of analysts.  Ryanair generated €1.9 billion in revenue during the quarter, up 13% on the same period last year and carried 35m passengers (+12%). The company notes the results are flattered by the fact that Easter fell in April this year, skewing comparisons with 2016, when it was in March.

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CEO airline company predicts one day travellers will be paid to fly

There could be a day when an airline will pay you to fly with them, according to the CEO of WOW Air. Skúli Mogensen, founder and CEO of low-cost carrier WOW Air, says he sees a day when customers will be paid by the airline to fly with them. Wow Air founder and CEO Skuli Mogensen said to media: “I can see a day when we pay you to fly.”  "If you come to us and trust us with your booking, we can see that your airfare is reduced to zero and even reward you for it", he added.

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EasyJet: new company in Austria to fly in Europe after Brexit

British airline EasyJet said Friday it had applied for a new air operator's certificate in Austria to allow it to continue flying in the European Union after Brexit regardless of the outcome of negotiations. The application "will allow easyJet to establish a new airline, easyJet Europe, which will be headquartered in Vienna and will enable easyJet to continue to operate flights both across Europe and domestically within European countries after the UK has left the EU," it said in a statement.

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Semptember 2015
  • 24

    Two years after two historic global agreements were established, leaders and other change agents in

  • 25

    Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.

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    The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the

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    Dieser Event ist ausschliesslich für Pensionskassenvertreter (Stiftungsräte, CEOs, Anlageverantwor

  • 01

    Nach Jahren des geldpolitischen Experimentierens sind die Finanzmärkte so verzerrt wie selten zuvor

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