According to a report from the CAPA Center for Aviation, the 13 largest European airlines lost an aggregate net profit of some 72% last year. With costs growing faster than revenues (8.5% versus 8%) it seems clear some of these 13 will founder if things don’t change.
airberlin
airberlin Launches Direct Flights to Bucharest, Sofia from Berlin Hub
As of today, airberlin will fly once a day to Bucharest and Sofia as it continues the expansion of its Eastern European network to its main hub in Berlin.
Etihad Airways Eyeballs Russia Expansion
Etihad Airways’ non-stop services to Moscow were the topic of a press release by the UAE flag carrier last Monday.