airlines

Airline Profits to Hit Record Levels on Low Oil

GENEVA, Dec 10 (Reuters) – Low oil prices and healthy demand for travel will boost airline profits again in 2016, the International Air Transport Association said on Thursday. IATA, which represents almost 260 airlines accounting for 83 percent of global air traffic, said net profits would reach record levels of $36.3 billion in 2016 after

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Egypt Confirms Russian Plane with 224 Aboard Crashes in Sinai

ISMAILIA/CAIRO, Oct 31 (Reuters) A Russian airliner carrying 224 passengers and crew crashed in Egypt’s Sinai peninsula on Saturday, the Egyptian civil aviation authority said, and a security officer who arrived on the scene said all aboard the plane were probably dead. The Airbus A-321, operated by Russian airline Kogalymavia with registration number KGL-9268, was

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