Carbon credits cut airlines emissions “cheaply”

A global scheme in which where airlines bought credits to offset their carbon emissions would work out “relatively cheaply” according to new research. Several airlines kicked up a fuss two years ago when the EU slapped an environmental tax – via the Emissions Trading Scheme – on all flights in and out of Europe. Many […]

Ryanair profits slide on high fuel costs

Budget airline Ryanair is blaming a multi-million slide in profits on hugely increasing fuel costs. The Irish airline which operates 1,500 flights a day made €40million (£31m) less in the first quarter of 2012 than the same period a year ago, despite carrying more passengers. Michael O’Leary, Ryanair’s Chief Executive said today: “As we previously […]

Fuel price weighs on minds of airline chiefs

High oil prices are weighing heavily on the minds of airline chiefs – and problems are being made worse by economic instability, according to the head of the international body for aviation. Tony Tyler, IATA’s Director General and CEO said the industry faces “razor-thin profit margins”, expecting to make $3 billion profit this year from […]