Losses likely for PIA
Pakistan International Airline (PIA) is poised to post losses again for the last quarter of financial year 2012-13. In the first quarter of 2012, which ended March 31, PIA load factor declined from 75...
Pakistan International Airline (PIA) is poised to post losses again for the last quarter of financial year 2012-13. In the first quarter of 2012, which ended March 31, PIA load factor declined from 75...
China Eastern Airlines first-half profit has fallen by 65% due to falling passenger demand, higher fuel prices and foreign exchange losses. The company reported a fall in profits to 806.9 million yuan...
Air New Zealand has forecast that it is in line to double its pre-tax profit to $182 million in the current financial year. Rob Fyfe, the airline’s outgoing CEO, said the bullish outlook was based on ...
A creditor group, which together hold around $600m of AMR bonds, formed of Carlson Capital, Claren Road Asset Management, Cyrus Capital Partners, Litespeed Management and Pentwater Capital Management ...
The Indian government is considering creating a Civil Aviation Authority (CAA) to focus solely on safety, economic regulation and grievance resolution functions for airlines. The CAA will be a financi...
Virgin Australia has posted a net profit of $22.8 million after a 224% turnaround and a strong $149.1m rise in underlying pre-tax profit to $82.5m. Chief executive John Borghetti was bullish about the...
Profit at Air China fell by 76.7% for the first-half of the year to CNY945 million ($149 million). The fall was attributed to the slow economy, weak cargo demand and high fuel prices. Operating revenu...
Japan Airlines (JAL) confirmed this morning that its initial public offering (IPO) will be priced as confirmed here in January at 663 billion yen ($8.4bn) after setting the indicative price range betw...
Airbus and one of the world’s leading academic institutions, Tsinghua University have formed a partnership to complete a sustainability analysis of Chinese feedstocks, and to evaluate how best to supp...
Despite concerns by the Indian government that giving foreign airlines the ability to invest in Indian carriers up to 49% would not cause the disruption they fear as foreign investors would not have a...
The Directorate General of Civil Aviation (DGCA) is conducting a safety audit of Kingfisher Airlines and Air India Express. Those carriers have been targeted due to the financial stress they are under...
Singapore Airlines plans to invest $20 million to upgrade its "SilverKris" airport lounges in a bid to remain competitive in the face of fierce rivalry from Asian and Middle Eastern carriers. The upgr...
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