Extract
Airline Finance News - Europe.
Feb 25, 2008
Open skies agreements bolster airlines' case for mergers. The new open skies agreements will allow airlines to argue that they must consolidate to compete effectively against new competition, according to one media outlet. The Open Skies treaty between the U.S. and the EU will allow any European carrier to operate flights from any point in Europe to any point in the United States, threatening domestic airlines' share of the lucrative international market. Feb 22, 2008 Adria Airways Adria Airways earned a [euro]420,000 ($617,400) profit in 2007 on revenue of nearly [euro]182 million, a result that CEO Tadej Tufek said "has overtaken that of 2006 and is an improvement on what we projected and very much in line with the company's long-term plans and strategy." It report...See the full content of this document
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