US airlines accumulate losses in the face of surging fuel costs.

US airlines accumulate losses in the face of surging fuel costs. After American Airlines and Delta, United Airlines and US Airways also reported huge losses in the second quarter -at $ 2.7Bn and $ 567M respectively.

Boeing also revealed order deferrals.

Boeing also revealed order deferrals. While Airbus announced 48 order cancellations in the first half of 2008, Boeing said postponements and cancellations accounted for 10 to 11% of its order book.

The aeronautics sector faces stormy weather

The aeronautics sector faces stormy weather, assesses La Tribune. Analysts are pessimistic about the aeronautics sector in a context of economic slowdown and high oil prices affecting the health

Aviation experts estimate that 25-30% of aircraft orders accumulated by Airbus and Boeing could be delayed or cancelled by airlines

Aviation experts cited by German magazine Focus estimate that 25-30% of aircraft orders accumulated by Airbus and Boeing could be delayed or cancelled by airlines, as the latter face difficulties

Climbing oil prices put Airbus and Boeing at risk of losing new-jet orders

Climbing oil prices put Airbus and Boeing at risk of losing new-jet orders. The Wall Street Journal Europe recalls that demand from airlines outside the US has allowed the two giant manufacturers to rack up almost 7,000 orders for new, more fuel-efficient aircraft during the past three years. But even the strongest airlines are seeing their economics shattered by the current landscape. Several airlines, indeed, are taking actions similar to those they took after the Sept-11 terrorist attacks: Grounding aircraft, cutting capacities and postponing orders. Both Airbus and Boeing acknowledge that

American airlines could record $ 7Bn to $ 15Bn losses in 2008.

According to US Air Transport Association (ATA), American airlines could record $ 7Bn to $ 15Bn losses in 2008. The impact of the oil price surge, therefore, will be stronger than that of the Sept-11