Austria to introduce departure tax

2 November 2010 Austria is set to introduce a departure tax in the near future with a date yet to be announced. It will mean that passengers departing from an airport in Austria will have to pay a tax of £7 (€8) for short-haul and £35 (€40) for long-haul flights....

Ryanair half-year profits up 17%

1 November 2010 Ryanair announced a 17% increase in half-year (to 30 September 2010) profit to £395 million (€452 million). Revenues rose 23% to £1.9 billion (€2.2 billion) as traffic grew by 10% to 40.1 million passengers and average fares rose by 12%. The airline...

British Airways and Iberia both back in profit

29 October 2010 British Airways posted net profits of £107 million for the six months to September 2010, its first interim profit for two years, as revenues rose and non-fuel costs fell. Iberia posted a £64.4 million net profit for its third quarter, after a...