International Business News - AKH http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Four international airlines have agreed to pay $504 million in fines to settle charges they conspired to fleece consumers by driving up cargo shipping prices. http://www.ibtimes.com/articles/20080626/airlines-pay-504m-to-settle-price-fixing-scam.htm Thu, 26 Jun 2008 11:54:03 EDT Air France is raising its fuel surcharges because of soaring oil costs, the airline said Wednesday. The increase goes into effect for trips from France on tickets issued starting Friday. The surcharge will go up by 2 euros ($3.10) per segment on domestic flights, and by 5 euros ($7.76) on medium-haul flights. For long-haul flights, the price will go up by 10 euros ($15.52) or as high as 20 euros ($31.03). http://www.ibtimes.com/articles/20080611/air-france-raising-fuel-surcharge.htm Wed, 11 Jun 2008 15:37:14 EDT Following is a summary of top stories in the energy sector Wednesday afternoon. Crude Climbs Again http://www.ibtimes.com/articles/20080611/energy-sector-roundup-supply-dollar-send-oil-up.htm Wed, 11 Jun 2008 15:30:44 EDT EU regulators warned that Italy's $467 million bailout of its national airline may be illegal and said Wednesday that an investigation of the rescue effort is on the way. http://www.ibtimes.com/articles/20080611/eu-probes-alitalia-bailout-from-italy.htm Wed, 11 Jun 2008 13:31:43 EDT Italian Finance Minister Giulio Tremonti said Friday that one or two buyers are interested in failing carrier Alitalia, but he didn't name them. Tremonti spoke to reporters after a Cabinet meeting during which the government approved new measures for the sale of the government's 49.9 percent stake in the failing flagship air carrier. http://www.ibtimes.com/articles/20080530/finance-minister-cites-interest-in-alitalia.htm Fri, 30 May 2008 12:25:08 EDT Emergency funding of $467 million granted to the state-controlled airline Alitalia should keep it flying for another year, the Italian government said Thursday. http://www.ibtimes.com/articles/20080529/italy-says-alitalia-has-funding-for-a-year.htm Thu, 29 May 2008 14:58:02 EDT The Italian airline Alitalia posted a 2007 loss of about $780 million for 2007 and appealed for new capital to keep flying. The loss of 495 million euros reported in a statement issued late Tuesday compared with a loss of 627 million euros posted for 2006. The airline said the losses were due to the rising cost of fuel, competition from low-cost carriers, labor tensions that deter passengers and a devaluation of its fleet. http://www.ibtimes.com/articles/20080528/alitalia-lost-780m-in-2007-seeks-capital.htm Wed, 28 May 2008 13:03:00 EDT A leading global energy monitor fears there may not be enough oil to slake the world's thirst _ and is preparing a landmark forecast that could reverberate through the global economy even as major companies announce fuel-related cutbacks. http://www.ibtimes.com/articles/20080522/iea-worried-about-oil-supplies-prepares-forecast.htm Thu, 22 May 2008 15:33:35 EDT Among the earnings stories for Thursday, May 22, from the AP Financial News: NEW YORK (AP) _ Barnes & Noble Inc. appears to be getting more serious about buying chief rival Borders Group Inc., confirming Thursday that it put together a management team to study the "feasibility" of a combination. http://www.ibtimes.com/articles/20080522/earnings-roundup-barnes-noble-ship-finance.htm Thu, 22 May 2008 14:34:39 EDT Air France-KLM said Thursday it expects the coming year to be "challenging" amid sharply higher oil prices and a sluggish global economy which contributed to a net loss in its fiscal fourth quarter. http://www.ibtimes.com/articles/20080522/air-france-klm-swings-to-loss-in-fourth-quarter.htm Thu, 22 May 2008 12:51:39 EDT Italy has until May 30 to provide European Union regulators with in-depth information to allay concerns about a 300 million euros ($463 million) government loan to ailing national airline Alitalia, an EU spokesman said Tuesday. http://www.ibtimes.com/articles/20080513/italy-faces-may-30-deadline-for-alitalia-aid.htm Tue, 13 May 2008 12:51:51 EDT Lufthansa will position six jets at Milan's Malpensa airport to begin service next year to European business capitals, the companies announced Monday. http://www.ibtimes.com/articles/20080428/malpensa-wins-lufthansa-deal.htm Mon, 28 Apr 2008 06:34:39 EDT Italian news reports say the Italian government has approved emergency financing worth 300 million euros ($478 million) for struggling airline Alitalia. http://www.ibtimes.com/articles/20080422/italian-government-issues-loan-for-alitalia.htm Tue, 22 Apr 2008 14:23:45 EDT Domestic airlines need to raise fares by 15 percent to 20 percent just to break even at current fuel prices, the chief executive of Delta Air Lines, which seeks to acquire Northwest Airlines, said Tuesday. http://www.ibtimes.com/articles/20080422/delta-ceo-says-15-20-percent-fare-hike-needed-to-offset-fuel.htm Tue, 22 Apr 2008 13:05:55 EDT The chief executives of Delta Air Lines and Northwest Airlines expect federal regulators to approve their proposed combination without requiring asset sales or other concessions. http://www.ibtimes.com/articles/20080422/northwest-delta-ceos-see-doj-approval-without-concessions.htm Tue, 22 Apr 2008 10:35:20 EDT Air France-KLM said Monday its offer to buy struggling Italian airline Alitalia for 139 million euros ($220 million) is "no longer valid," and left no impression that it planned to return with another. http://www.ibtimes.com/articles/20080421/air-france-klm-alitalia-offer-is-off.htm Mon, 21 Apr 2008 17:37:10 EDT Getting hitched may be the right move for Delta and Northwest. But for beleaguered air travelers, it could usher in an era of fewer flights, more confusion at the airport and even more crowded planes... http://www.ibtimes.com/articles/20080415/airline-combos-could-mean-higher-prices-fewer-choices.htm Tue, 15 Apr 2008 16:49:11 EDT Silvio Berlusconi is promising to clean up the trash in Naples, save Alitalia airlines and revive the economy. But some fear the new premier will pander to his conservative political base and an anti... http://www.ibtimes.com/data/articleimgs/40041-italy-election.jpg http://www.ibtimes.com/articles/20080415/berlusconi-takes-aim-at-boosting-italys-economy-and-image.htm http://www.ibtimes.com/articles/20080415/berlusconi-takes-aim-at-boosting-italys-economy-and-image.htm Tue, 15 Apr 2008 14:45:57 EDT Silvio Berlusconi quickly laid out his strategy Tuesday for resolving Italy's crises, from its ailing national airline to garbage in Naples, a day after the media mogul triumphed in parliamentary el... http://www.ibtimes.com/articles/20080415/media-magnate-berlusconi-charts-a-course-for-italy.htm Tue, 15 Apr 2008 11:53:28 EDT If Delta and Northwest are going to complete their deal to create the world's largest airline, they'll first have unions to cajole, politicians to placate, and antitrust regulators to convince. Tw... http://www.ibtimes.com/data/articleimgs/39963-delta-northwest.jpg http://www.ibtimes.com/articles/20080415/delta-northwest-shares-fall-on-deal.htm http://www.ibtimes.com/articles/20080415/delta-northwest-shares-fall-on-deal.htm Tue, 15 Apr 2008 09:46:03 EDT