The Globe

British Airways tops a year of record profits

LONDON — British Airways reported 1988 revenue of $13.4 billion, up 141%, and a profit of $4.27 billion. Its fourth-quarter earnings beat analysts' forecasts by 91%. Tachyon Travel of Boston earned $2.20 billion on revenue of $5.44 billion. Pacific West Airlines made $819 million, with revenue up 269%. Americair earned $746 million and beat fourth-quarter forecasts by 292%.

Further down the table, Japair made $617 million, Deutsche BA $402 million and Uraljet Soviet Airlines $119 million. Taiwan airline earned $79.2 million and Swiss airlines $24.1 million. Qatar Airwayds made $17.5 million and Dongwoo brother air $17.9 million, on revenue up 218%. European Airlines earned $3.77 million and beat fourth-quarter forecasts by 808%, while AAVIRA Air made $752,000.

Losses at the small end

Several airlines reported losses for 1988:

• fenfulhi101 lost $30.4 million.
• MainLynx lost $1.06 million.
• 瓯越航空 (Ouyue Airlines) lost $935,000.
• BERline lost $531,000.
• Flylo lost $417,000.
• Minecraft Air lost $149,000.

A number of carriers with no revenue at all reported profits: Emirates ($1.84 million), Clankerairlines and Uzbekistan Express ($1.37 million each), booooo and Ashy ($1.27 million each), Transavia ($1.23 million) and Myanmar Airways International ($837,000). matinfly lost $271,000.

United Airline spreads its wings

DALLAS-FORT WORTH — United Airline will fly from Dallas-Fort Worth to San Francisco, Denver and Baltimore, 14 flights a week on each route from 5 January.

fenfulhi101 is liquidated

MALÉ — fenfulhi101 has left the WorldLINK alliance and been liquidated after failing its restructuring, having missed 3 payments in 90 days. Its aircraft go to market and its gates and slots are released.

thenu comes to market

CAPE TOWN — Shares in thenu began trading at $2.27, valuing the company at $34.1 million.

New airline for Manila

MANILA — Philippines, founded by Danny Jr., will fly from Manila. Outside investors put in $11.3 million.

CZECH AIRWAYS founded in Prague

PRAGUE — CZECH AIRWAYS, founded by Czkiwi, will fly from Prague with $11.3 million from outside investors. Meanwhile United Airline began flying 14 times a week between Dallas-Fort Worth and Las Vegas.

First Boeing 747-400 goes to British Airways

LONDON — British Airways took delivery of the world's first Boeing 747-400.

IVAN AIRWAYS liquidated

ABIDJAN — IVAN AIRWAYS has been liquidated after missing 3 payments in 90 days. Its aircraft go to market.

Strike at Dongwoo brother air

TAOYUAN — Ground staff at Dongwoo brother air will strike for 3 days from 7 February.

Avanti! Italian Airlines liquidated

ROME — Avanti! Italian Airlines has been liquidated after failing its restructuring, having missed 3 payments in 90 days. Its gates and slots are released.

pipi airlens founded

UŞAK — pipi airlens, founded by ege, will fly from Uşak. Outside investors put in $11.3 million.

Halifax and New York carriers add routes

HALIFAX — Kitsune Express will fly from Halifax to St. John's and to Montreal, 7 flights a week each from 25 February. In New York, Biscuit Aviation began flying to Cincinnati, 7 times a week.

LAX Airline liquidated

DALLAS-FORT WORTH — LAX Airline, founded by Alkuna, the founder of Astronesia airways, has been liquidated after missing 3 payments in 90 days.

Trading halted as market slides

The all-share index fell 8% below its last close, and every share paused for 15 minutes. Airline shares moved in both directions:

• British Airways rose 14% to $1,249.
• Pia rose 21% to $2.68.
• Tachyon Travel fell 20% to $661.10.
• Americair fell 18% to $216.67.

US Bangla founded

CHATTOGRAM — US Bangla, founded by Naved Kaiser, will fly from Chattogram. Outside investors put in $11.3 million.

United Airline founds Sky Trax

DALLAS-FORT WORTH — United Airline has founded the Sky Trax alliance.

Sea Lion Air takes off in Singapore

SINGAPORE — Sea Lion Air, founded by Nate07, will fly from Singapore with $11.2 million from outside investors. It launched a frequent-flyer programme and will fly to Ho Chi Minh City 7 times a week from 21 April.

Kitsune Express becomes Kyūbi Air

HALIFAX — Kitsune Express has taken the name Kyūbi Air. In Texas, United Airline opened a hub at Dallas-Fort Worth.

AeroBritish founded

LONDON — AeroBritish, founded by Trey, will fly from London. Outside investors put in $11.4 million.

Latair mechanics to walk out

SÃO PAULO — Mechanics at Latair will strike for 3 days from 8 May.

Valkyrie's Spear founded in Moscow

MOSCOW — Valkyrie's Spear, founded by Dapperrats64, will fly from Moscow. Outside investors put in $4.19 million.

First Boeing 757-200PF delivered

LONDON — British Airways took delivery of the world's first Boeing 757-200PF.

Zephyr joins Sky Trax

AMSTERDAM — Zephyr European Airlines has joined Sky Trax, the alliance founded by United Airline in March.

Lotus Jet founded

HO CHI MINH CITY — Lotus Jet, founded by lightningdesk, will fly from Ho Chi Minh City. Outside investors put in $11.5 million.

S7 Airlines announces St. Petersburg service

MOSCOW — S7 Airlines announced that it will add Moscow–St. Petersburg to its network from 7 July, with 14 flights a week on its Airbus A320-200. The airline says tickets are on sale now. Valkyrie's Spear opened a Moscow–St. Petersburg route in May.

Astronesia airways raises $340 million

LONDON — Astronesia airways sold 5,000,000 new shares at $70.81 each, raising $340 million. Investors now hold 33% of the company.

British Airways to build 39-gate terminal

LONDON — British Airways has started building a 39-gate terminal at London, due to open in July 1992, and opened a hub at Belfast.

Hana Airways founded in Osaka

OSAKA — Hana Airways, founded by Sai, will fly from Osaka with $52.4 million from outside investors. It will fly to Tokyo 10 times a week from 13 July.

Braisilia joins WorldLINK

SÃO PAULO — Braisilia, the airline formerly called Latair, has joined the WorldLINK alliance.

Hana Airways joins WorldLINK

OSAKA — Hana Airways joined WorldLINK two days after its founding. Pacific West Airlines announced Honolulu–Seoul, Los Angeles–Paris and New York–Moscow services.

Three new aircraft types enter service

Pacific West Airlines took delivery of the world's first Boeing 747-400 Combi. Lumisade of Helsinki received the first Saab 340B, and Braisilia the first McDonnell Douglas MD-82.

Worldwide Express founded

LOS ANGELES — Worldwide Express, founded by Odyssey_fan, will fly from Los Angeles.

Jikar Air joins WorldLINK

AUCKLAND — Jikar Air has joined the WorldLINK alliance, which Braisilia and Hana Airways joined in July.

Zephyr receives first ATR 72-200

AMSTERDAM — Zephyr European Airlines took delivery of the world's first ATR 72-200 and ordered 20 Boeing 767-300ER.

Taiwan airline announces three routes

TAOYUAN — Taiwan airline announced that it adds Taoyuan–Kaohsiung, Taoyuan–Osaka and Taoyuan–Huxi to its network, with 7 flights a week each on Fokker 50, Airbus A300-600 and Airbus A320-200 aircraft. The start dates given in its announcements fall in 1987 and 1988. The airline says tickets are on sale now.

Australian Airways joins Star Alliance

SYDNEY — Australian Airways has joined Star Alliance.

edgAire founded in Riga

RIGA — edgAire, founded by Edgars, will fly from Riga. Outside investors put in $11.8 million.

First Airbus A310-200 for Deutsche BA

BERLIN — Deutsche BA took delivery of the world's first Airbus A310-200.

Philippines enters restructuring

MANILA — Philippines entered restructuring after missing 3 payments in 90 days. It carries on under a creditors' plan and must return to profit by 15 June 1990 or be liquidated.

British Airways takes two BAe firsts

LONDON — British Airways took delivery of the world's first BAe 146-200 and the world's first BAe 146-300.

Alps air closes

GENEVA — Alps air is winding down after being closed by its owner.

Alps air reborn in Paris

PARIS — A new Alps air, founded by Alps air, will fly from Paris, where the old company had opened a hub in March. Outside investors put in $12.1 million.

Hela cabin crew to strike

HARARE — Cabin crew at Hela will strike for 4 days from 7 January 1990.

Americair adds Oklahoma City

CHICAGO — Americair will fly Chicago–Oklahoma City 14 times a week from 2 January 1990.