Oil price broke past $145 pr barrel for the first time as of 3rd of July 2008. Great! How about this?

United Airline will reduce its 460-strong fleet of aircraft by 100, 70 more than it revealed in April, and cut its 55,000 workforce by nearly 3 per cent, including 500 jobs the company had already said it would axe. (Source: http://www.ft.com/cms/s/0/5a319f02-3230-11dd-9b87-0000779fd2ac.html?nclick_check=1)


Spirit Airlines will cut 6 percent of its capacity this fall, eliminate about 250 jobs and curtail its growth plans for the year, as it tries to cope with record-high fuel prices. (Source: http://www.miamiherald.com/news/breaking_news/story/593246.html)


American Airlines, the largest carrier in the world and the busiest at Los Angeles International Airport, said Wednesday that it expected to slash nearly 7,000 workers, or about 8% of its workforce, as it grounds planes and flights to cope with rising fuel costs. (Source: http://www.newsday.com/business/la-fi-american3-2008jul03,0,5820028.story?track=rss)



Several Indian airlines are cutting their networks and there have been anecdotal reports of staff cuts at some carriers.

AirAsia plans to continue to grow through the crisis, but is only hiring employees related to growing operational areas, including flight crews and cabin staff.

In Australia, Virgin Blue's CEO, Brett Godfrey, has vowed not to retrench staff in response to record high fuel prices. The airline's 4800-strong staff will expand to 6000 as it rolls out its regional expansion and international offshoot V Australia prepares to launch services from Sydney to Los Angeles in December.

Emirates, which is taking delivery of two widebodies per month over the next 58 months, including 58 A380s, is undertaking a recruitment drive unmatched in civil aviation history. This year alone, the Dubai-based carrier aims to recruit 12,000 staff and a worldwide recruitment drive has begun.

Qatar Airways and Abu Dhabi's Etihad Airways are also expanding. Etihad plans to increase its workforce from about 4000 to as many as 5000, including 500 new cabin crew, by the end of the year.

(Source: http://www.theaustralian.news.com.au/story/0,,23964100-23349,00.html?from=public_rss )



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