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The eruption of Iceland's Eyjafjallajokull volcano has resulted in a huge loss to Europe's airline and aviation industry. The European airlines are already reeling under the pressure of two years of global financial crisis and the cancellation of flights has further added to their problems, making the situation very difficult.

Airline industry's profits are expected to be below their usual levels this year, as the prices for crude oil skyrocket, and the economic circumstances aren't right for raising service costs. Average fuel price is projected to be around 69.4 cents per gallon this year, as compared to 49.8 in 1998, and 50.1 cents last year. Although the Air Transport Association predicts a 38% increase in fuel prices for the year 2000, some industry analysts claim that the oil prices will moderate by mid-year.

Transaero Airlines, the first privately-owned airline in Russia, is expected to report a pretax profit of almost $60 million for 1997, its first profit since its 1991 founding. The airline has a 14-aircraft fleet that it expects to upgrade and expand over 10 years. It may issue stock in 1998.

Kahn, former chairman of the Civil Aviation Board who developed the Airline Deregulation Act of 1978, believes deregulation accomplished its primary goal, to make air travel affordable. He says he underestimated the threats of destructive competition and overcapacity.

The moving in of full-service airlines in Asia into the low-fare sector is expected to bring in more competition and pressure on the low-cost carriers. The new airlines will bring in more competitive prices, which though great for the customers will negatively impact existing carriers.

Asian carriers are finding new ways to cut cost as they fight the remorseless rise in fuel prices. Everyone is suffering from the high oil prices that erodes their profits forcing them consider downsizing and eliminating profitless routes to cut costs.

The Air Transport Stabilization Board announced concessions to the US Airways, one of which avoided the risk of an immediate default on the loan. The carrier will have to maintain 500 million dollar in unrestricted cash if the 'going concern' provision is removed from its audit.

International monetary fund meeting in Dubai has helped Gulf Air keep its head above water despite battling traffic declines to southeast Asia. Gulf Air is on the way to reducing its deficit by 50%. It will begin code-share flights this month with Air-India to Athens, Bahrain, Singapore and Sydney.

The author examine the sad state growing worse of the airline industry. Topics include hugh losses exceeding $4 billion, thousands of fl ewer flights, a 17 percent drop in passenger traffic and thousands of layoffs.

The author examines the aircraft industry's outlook for sales of commercial aircraft to airlines worldwide. Topics include high levels of competition, poor economic conditions, a shrinking market size, and falling market shares.

The author examines the financial state of the airline industry. Topic include finances, management and marketing plans of United Air Lines Inc., Delta Air Lines, and British Airways PLC.

The author examines the current state and trends in the airline industry. Topics include loss of market share by large carriers, the need to change business models, and forecasts based on current trends for such airlines as Alaska Airlines Inc.

The global aircraft manufacturing market has been hurt by a steep decline in air passenger travel following the terrorist attacks of September 11, 2001. A new report from Fairfax, Va.-based Teal Group Corp. predicts that 503 large commercial jet aircraft will be produced in 2003 compared to 526 in 2002.

his article presents an overview of the airline industry in the area of operating effectiveness. Singapore Airlines was ranked first among 19 global airlines. Charts and graphs are included.

The airline and aerospace industries in Latin America are enjoying bright prospects. This article discusses the progress made by U.S. and Latin American carriers in the region.

Industry analysts, including David A. Swierenga of the Air Transport Association of America, predict strong growth and earnings in the airline industry. Southwest Airlines, which has ordered 25 Boeing 737-700s, expects to have a 10% increase of passengers in 2001.

Air France and British Airways is working to get its Concorde supersonic aircraft back into operation. The Concorde, which will be refitted with $25 million in safety modifications, is being modified by BAE Systems and EADS.

LanChile manages to stay profitable while its competitors in Latin America suffer financially and lose business to rivals from the United States.

The recovery of the airline industry could continue from 1996 through 2015 if there is no reckless spending, good economic conditions remain in Europe, the US and Asia; freight and passenger traffic continue to grow and airlines do not purchase large amounts of new aircraft.

The domestic airline industry is expected to post over $2 billion in net earnings during 1995, marking the best yearly performance the industry has ever experienced collectively. The achievement marks a departure from the $13 billion the airlines lost between 1990 and 1994, and is more than the previous $1.7 billion record the industry posted in 1988. The remarkable turnaround has been attributed to the trimming of unprofitable routes, stable fares and better cost controls.

A recovery is underway in the US airline industry following five years of drastic losses. Seven major airlines reported higher earnings for the third quarter of 1994, led by Southwest Airlines with a third quarter net income of $58.6 million.

Burgeoning losses and bitter labor-management disputes are placing the future of USAir in grave doubt. The airlines could lose as much as $500 million in 1994, compared with $350 million in 1993. An agreement with labor unions is a key to lower operating costs.

Most airlines continue to report financial losses, so governments are investigating regulations, while labor-management relations are strained in the industry and many companies are restructuring to cut costs. Revenues in 1993 are up by 9% from 1992, but problems continue.

The end of international economic sanctions against South Africa has greatly improved prospects for South Africa Airways (SAA), but officials remain cautious. SAA's $23 million loss in its FY ending Mar 1993 was $67 million less than anticipated.

Northwest is desperately seeking concessions from its unions in order to avoid a Chapter 11 bankruptcy filing. Despite being a well-run airline it has struggled with enormous debt since its leveraged buyout by Wings Holdings Inc in 1989.

The financial position of US airlines continues to worsen as three carriers liquidated in 1991 and three more are in bankruptcy. American, United, and Delta, who along with Southwest are the only financially secure airlines, made risky investments in global markets. Debt and equity statistics are included.

Delta Air Lines will approach its Pan American World Airways acquisition with the same conservative risk-averse financial strategy that has made it the financially strongest carrier. Costs, potential risks, and financial plans for the new service is discussed.