IATA pushes for Single European Sky

In the aftermath of last week's volcanic crisis, the International Air Transport Association (IATA) has gotten behind the call to fast track the unification of Europe's fragmented national airspaces.

US$1.2 billion deal sees Hertz buy out Thrifty

Hertz Global Holdings has just announced that it will be buying out rival car rental company Dollar Thrifty in a huge US$1.2 billion cash and stock deal, and is confident that the US government will ...

Airlines lose $1.7 billion from volcanic ash

Airlines lost more than $1.7 billion in revenue during the six days after the initial eruption of the Icelandic volcano, the International Air Transport Association (IATA) estimated on Wednesday.