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Airlines have managed skyrocketing fuel prices by passing on the cost to consumers in the form of increased airfares and surcharges, but added expenses are expected ultimately to decrease air travel demand. Article discusses airlines' revenue, losses, cost-control measures, and recovery prospects.

After failed emergency funding negotiations with investment fund Viceroy Holdings LLC, business-travel airline Silverjet PLC announces it will temporarily cease operations while the company pursues further funding talks. Article discusses Silverjet's stock value, and the effects of high fuel prices on airline profitability.

Boosted by increased travel demand and non-fuel cost controls, British Airways PLC reports a net profit increase to 680 million pounds sterling, and a 3.1% revenue increase to 8.75 billion pounds sterling for the fiscal year ended March 31. Article discusses British Airways' stock value, losses stemming from its new Heathrow Airport terminal, planned dividend payments, and revenue prospects for the next fiscal year.

Putting it two years behind schedule and 50% over its original $12 billion budget, aerospace company Airbus announces it will delay production of its A380 super-jumbo jet for another three months. Article discusses recent production and labor setbacks suffered by Airbus in its production of A380s.

Budget airline EasyJet PLC announces a net profit loss of 43.3 million pounds sterling for the six months ending March 31, while revenue rose 24% to 892.2 million pounds sterling. Article discusses EasyJet's financial standing, operating costs, efforts to reduce expenses by streamlining operations, and the effects of high fuel prices on the company's profit and revenue.

The UK's Office of Fair Trading announces it will initiate probes into possible price fixing by cigarette manufacturers and retailers. Article discusses causes of the investigation, and tobacco companies' and retailers' denial of the charges.

An initial report by the U.K. Competition Commission states that airport manager BAA Ltd.'s ownership of seven major U.K airports does not serve consumers' and airlines' best interests. Article discusses monopolistic airport administration practices, and BAA's possible involuntary sale of one or more of its airport assets.

European airlines Air France-KLM S.A., easyJet PLC, Aer Lingus Group PLC, and SAS AB report passenger traffic and passenger load factor growth for the month of March 2008. Article discusses airline seat demand and supply within the European market.

British Airways PLC announces that recent flight cancellations because of baggage-handling disruptions at the airline's new Terminal 5 at Heathrow Airport will cost the company $32 million in losses as well as a drop in its passenger traffic for March. Article discusses the airline's financial standing, stock value, and effects of the cancellations on customer relations.

Mechanical breakdowns and organizational mismanagement at British Airways PLC's new Terminal 5 at Heathrow Airport, have resulted in the cancellation of flights and strained customer relations. Article discusses the possible effects of the disruptions on the airline's revenue and stock value.

The European Aeronautic Defence and Space Co. announces a fourth-quarter net profit of $396.7 million in 2007. Article discusses the company's investor relations, stock value, and expected financial results for 2008.

BAE Systems PLC reports a 45% net profit loss to $1.76 billion in 2007. Article discusses the company's sales, operating expenses, recent acquisitions, and profit forecast for 2008.

Weaker load factors have been reported by three European airlines, signaling possible implications for 2008. Air France KLM S.A. reported a 1.8% drop in its passenger load factor, to 77.1%, while the load factor for UK's easyJet dropped 2.9% to 72%. Ireland's Aer Lingus load factor fell 5.2% to 64%.

Full-year net profit for Rolls-Royce Ltd. dropped 39% to $1.19 bil, due in part to increased prices for raw materials and a weak dollar. However, the company predicts continued strong sales for its jet-engine business.

Fiscal third-quarter net profit for Irish airline Ryanair Holdings PLC dropped by 1% to 47.2 mil euro, while revenue increased 16% to reach 569.4 mil. However, the airline warned of the possibility of up to a 50% drop in profit for the next fiscal year due to ticket-price pressure, lower consumer demand, and higher fuel costs.

Air France-KLM S.A., Ireland's Aer Lingus Group PLC, and the UK's easyJet PLC reported fewer passengers on flights for the month of December 2007, suggesting that consumer demand may be dropping. Air France-KLM's passenger load factor decreased to 78.6%. Aer Lingus' load factor declined by 4.6 percentage points to reach 68%. EasyJet's load factor dropped by 2.2 percentage points to reach 78.9%.

Ryanair Holdings PLC and British Airways PLC showed higher passenger traffic statistics for December 2007. Ryanair posted an 18% rise in number of seats sold. British Airways, measuring by revenue per passenger kilometer, reported a 1% increase.

European Aeronautic Defence and Space Company EADS N.V., the parent firm of Airbus S.A.S., has chosen three companies as potential buyers for six of its Europe-based manufacturing plants. The three firms are the UK's GKN PLC, France's Latecoere S.A., and Germany's MT Aerospace, a unit of OHB Technology AG. The three firms will also negotiate for work on the Airbus A350 craft.

A 2.4% rise in passenger traffic was reported for November 2007 by British Airways PLC as measured in revenue passenger kilometers (RPK), while Irish carrier Ryanair Holdings PLC reported a 23% increase in passenger numbers. However, RPK in Europe and the UK dropped 1.9% from October.

Byline: DANIEL MICHAELS, KEITH JOHNSON AND ROD STONE; Jason Singer and Marietta Cauchi contributed to this article BRUSSELS, MADRID and LONDON -- The collapse of an international bid by U.S. [...]

Fiscal year net profit for UK low-cost airline easyJet Airline Company Ltd. rose 62% to 152.3 mil pounds sterling, helped by a gain in an air traffic services firm investment and a lower tax rate. Pretax profit rose 56% to 201.9 mil pounds sterling. However, it expects growth to slow due to higher fuel and airport prices.

Third-quarter net loss for European Aeronautic Defense and Space Company EADS N.V. totaled $1.14 bil, with a charge linked to delivery delays for its Airbus A400M military aircraft. Sales however rose by 9%.

Fiscal second-quarter net profit for Ireland airline Ryanair Holdings PLC rose 26% to reach $390 mil, boosted by the company's expansion program. Although average fares fell by 1%, sales increased by 25%. Ryanair is Europe's biggest budget air carrier by passenger volume.

Fiscal first-half net profit for British Airways PLC rose 52% to 478 mil pounds sterling, aided by a nearly 4% decrease in overall costs. Revenue dropped slightly to 4.46 bil.

Three of Europe's airlines reported higher passenger traffic for September 2007. EasyJet PLC, a UK carrier, posted a 14% increase to 3.4 mil passengers, while Ireland's Aer Lingus Group PLC showed a 9% increase to 847,000 passengers. Sweden's SAS AB reported a 4.7% increase to 3.8 mil passengers.

At least one dozen Airbus A380 superjumbo jetliners have been ordered by British Airways PLC, giving Airbus its first new customer for the world's largest jet aircraft since 2005. British Airways has also taken options for seven more. Additionally, the airline has ordered 24 787 Dreamliners from Boeing Co. and optioned up to 18 more.

British Airways PLC has announced increased service to the US under the Open Skies trans-Atlantic treaty. BA will move its flights to Dallas and Houston, Texas, from Gatwick Airport to Heathrow Airport in London, and increase the number of flights to Washington, New York, and Seattle. The Open Skies treaty enables any European airline to provide service to any US destination beginning in April 2008.

First-half net profit for UK defense contracting firm BAE Systems PLC rose 27% to reach $1.05 bil, due in part to US demand for its Mideast military operations. However, the US Department of Justice is investigating BAE concerning anticorruption law compliance, specifically regarding its business with Saudi Arabia.

Second-quarter/first fiscal quarter net profit for British Airways PLC rose 75% to reach $547.9 mil, boosted by a lower tax rate and cost controls. Sales fell 2.4%, due in part to security and luggage restrictions at Heathrow Airport in London. Passenger traffic declined by 1.9%.

Second-quartre net profit for European Aeronautic Defence and Space Co. dropped 85%, due in part to a weak US dollar and expenses for new aircraft projects at Airbus S.A.S. However, recent Airbus airplane orders have improved EADS's free cash flow.

AP Holding S.p.A. withdrew from the auction of Alitalia Linee Italiane S.p.A., after announcing it was unable to comply with the Italian government's conditions. Rome has approached Air France KLM S.A. regarding the purchase of Alitalia, but Air France KLM has instead made an offer for Spanish airline Iberia Lineas Aereas de Espana S.A.

Airbus S.A.S. has received orders for 339 planes on the first day of the Paris Air Show, valued at $45.7 bil. US Airways Inc. has ordered 60 A320s, 22 A350s, and 10 A330-200s; the order is worth approximately $8 bil at list prices.

First-quarter net profit for Ireland's Ryanair Ltd. rose to $587.7 mil, as the airline posted a 42% growth rate for the year. Sales were up 32%. However, airline officials believe growth will drop to about 5% this year due to higher costs and lower ticket prices.

Ireland's Ryanair Holdings PLC will acquire 27 more 737-800 airplanes from Boeing Co., valued at $1.9 bil. They are expected to be delivered between late 2009 to early 2010, and are part of Ryanair's plans for European expansion.

DaimlerChrysler AG's Rudiger Grube has been named the new co-chairman of European Aeronautic Defence and Space Co. Grube has been a member of the board for the past four years. His focus will be improving the performance of EADS's ailing aircraft unit, Airbus S.A.S.

An aviation agreement between the European Union and the US will allow British Midland Airways Ltd. to begin using its Heathrow Airport slots for travel to the US, beginning in April 2008. This is expected to drive the airline's growth, which may prompt the carrier's chairman and controlling shareholder Michael Bishop to sell his stake of 50% plus one share.

British avionics company Meggitt PLC plans to acquire U.S. aircraft parts manufacturer K and F Industries for $1.1 billion plus debt. Meggitt's net profits and revenue rose in 2006, with continued strong profits expected.

The divestment of its share in Airbus S.A.S. ,and the acquisition of U.S. company United Defense Industries Inc., has helped BAE Systems PLC's full year net profits to triple, rising to $3.2 billion in 2006.

Ryanair Holdings PLC of Ireland posted a stellar 30 percent increase in net profit for the third quarter to 47.7 million Euros from 36.8 million Euros last year. Earnings projections for the airlines fiscal year have increased by 29 percent to 390 million Euros ($506 million). Strong revenues are due to increased prices to offset rising fuel costs.

British Airways PLC is offering discounts following a drop of 12% in third-quarter profits. Weather, increased security, higher fuel costs, and labour problems contributed to the decline.

BAA PLC of the United Kingdom plans to build an additional runway at Stansted Airport of London, England. Projections have been reduced by 17.5 percent to 1.4 billion Pounds ($2.74 billion) and 22 percent less land allotment. BAA PLC is an airport operator, subsidiary of Grupo Ferrovial S.A. of Spain.

British Airways PLC of United Kingdom is to cancel hundreds of airline flights as workers strike. Britain's Transport and General Workers' Union members are protesting wages and working conditions.

British Airways PLC is reporting a loss of 1.2% in second-quarter net profits, due to higher fuel costs, a terrorist alert, and a write-down on its investment in BA Connect. British Airways is planning a divestment of most of its unprofitable regional subsidiaries.

Aer Lingus Group PLC of Ireland is launching an initial public offering trading in London and Ireland. Shares are to be priced at 2.10 Euros to 2.70 Euros ($2.69 to $3.45) per share. The airlines is hoping to raise up to 872.9 million Euros or $1.12 billion.

British airlines are encouraging the break up of BAA PLC of the United Kingdom in an investigation by British authorities into the handling of the recent airlines bomb scare in London. The airport operator was ill equipped to handle increased security procedures leading to a snafu at United Kingdom airports. Hundreds of flights were either delayed or canceled in a tangle that lasted for several days.

European airlines have posted increased passenger traffic and increased load factors for July. Air France-KLM of France reported a 4.9 percent increase in passenger traffic, easyJet of the United Kingdom an increase by 11 percent and British Airways of the United Kingdom an increase by 4.4 percent.

British Airways PLC of the United Kingdom posted a stellar 72 percent increase in net profit in the first quarter. Net profit was 150 million Pounds ($283.3 million) up from 87 million Pounds last year. Revenues were due to increased airlines usage and higher ticket prices offsetting fuel and employee costs.

British Airways PLC of the United Kingdom posted a soaring fourth quarter net profit of 80 million Pounds ($151.3 million) up from 1 million Pounds last year. Revenues were due to increased customer traffic and higher ticket prices that offset spiraling fuel costs.