ATW Daily News: March 24, 2005

'Leaner and stronger' Lufthansa sees 2005 results equaling 2004

Thursday March 24, 2005

A day after announcing the takeover of Swiss International Air Lines (ATWOnline, March 23), Lufthansa Chairman and CEO Wolfgang Mayrhuber declared that Lufthansa Group is "leaner and stronger" as he confirmed final results showing it earned €404 million ($524.3 million) last year, reversing a loss of €984 million in 2003. [ more ]

Delta CEO warns of Chapter 11 filing, says more cuts needed

Thursday March 24, 2005

Delta Air Lines CEO Gerald Grinstein yesterday said the company is prepared to take whatever steps are necessary to avoid a Chapter 11 filing, but cautioned that it will "constantly bump up against" liquidity issues in 2005 and 2006 and must find more ways to cut costs. [ more ]

US airline ticket taxes: High . . . but not that high

Thursday March 24, 2005

The tax burden on US airlines and passengers continues to rise, but not to the level regularly cited by airlines themselves as well as industry trade groups, according to the Ticket Tax Project, a joint effort of MIT's Global Airline Industry Program and Daniel Webster College. [ more ]

Today's Other Headlines

Thursday March 24, 2005