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Low-cost airlines shake up market for long haul flights

June 7, 2017 By Victoria Bryan CANCUN, Mexico (Reuters) – Low-cost, long-haul air travel has taken off across the Atlantic, shaking a club of major airlines meeting in Mexico this week and forcing established flag carriers to set up budget subsidiaries or lower fares. Transatlantic routes are among the industry’s most popular and profitable, and budget carriers are trying to grab a slice of that business by boosting capacity on them by 68 percent this summer, according to data from air travel intelligence company OAG. A looming fare war has…

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British Airways commissions independent study of IT outage

June 5, 2017 CANCUN, Mexico (Reuters) – British Airways has commissioned an independent study to look into last month’s shutdown of its data center, which knocked out its systems and stranded 75,000 people over a bank holiday weekend, its parent company’s CEO said on Monday. “We have commissioned an independent company to conduct a full investigation,” International Consolidated Airlines Group SA Chief Executive Officer Willie Walsh told journalists at an annual airline industry meeting in Mexico. “It will be peer reviewed, and we will be happy to disclose details. “I’m…

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