Fuel Prices And Economy Killed Any Hope For Profits, Carriers
Say
As if there were any doubt of how much high fuel prices and a
terrible economy hit airlines last year, consider the following:
Continental Airlines announced Thursday it lost $585 million in
2008, including $234 million attributed to special items such as
fuel hedges.
Alliant Techsystems announced this week it recently agreed to a
contract valued in excess of $200 million with Rolls-Royce to
produce composite aft fan cases for the new Trent XWB engine. The
Rolls-Royce Trent XWB is the sole engine currently available to
power the new Airbus A350 XWB family of aircraft.
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