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  1. Europe's Carriers may lose US$1.1b

    Posted Jun 12th 2012, 12:00am

    ... signs have been observed in the United States. The profit forecast for US carriers was revised up to US$1.4 billion, from US$900 million. Forecast profits for the industry worldwide remained unchanged at US$3 billion. The chiefs of the mainland airlines said mainland carriers were heading for a bigger challenge this year than in the global financial crisis more than three years ago ...

  2. Business - Companies

    Cargo market puts pressure on Asian carriers

    Posted Feb 27th 2013, 12:00am by Keith Wallis

    ... Keith Wallis keith.wallis@scmp.com Cargo market puts pressure on Asian carriers Asian airlines face mixed fortunes this year, with continued growth in the number of passengers but pressure ... data showed Asia-Pacific carriers saw cargo volumes fall 3.4 per cent last year to the same level as in 2007. In response, airlines were "retiring freighters" and "resting ...

  3. China Eastern sets goals for expansion

    Posted Apr 07th 2004, 12:00am by Annette Chiu

    ... Annette Chiu China Eastern Airlines will spend 5.7 billion yuan on expanding capacity this year, as the carrier prepares to take delivery of nine Airbus passenger aircraft it ordered after ... mainland authorities made a bulk order of 30 aircraft from Airbus when Premier Wen Jiabao visited France. 'They are separate orders. The bulk order will be distributed to airlines later,' ...

  4. Carrier to shed Boeing aircraft

    Posted Aug 06th 2012, 12:00am

    ... attributed the service disruptions, which left hundreds of passengers stranded at HKA's airport counter, to its change of maintenance provider in June. The carrier enlisted China Aircraft ...

  5. Asian carriers scout for pilots

    Posted Jun 15th 2012, 12:00am

    ... Chiu Po-sze The aviation sector, particularly the group of carriers plying the Asian routes, was seriously affected by the 2003 Sars outbreak, but has now almost fully recovered. This is reflected in the fact that many airlines are increasing headcounts. One major airline in Hong Kong has said it will be hiring 300 pilots worldwide- double the number last year. Eighty of these jobs ...

  6. Jet fuel cost cut boosts carriers' share prices

    Posted Jun 02nd 2012, 12:00am

    ... Charlotte So Charlotte.so@scmp.com Airline stocks rallied yesterday after Beijing cut jet fuel prices by 6 per cent, helping to ease the cost pressure on carriers. Air China and China ... a basket of international oil prices. Following the cut in jet fuel price to 7,509 yuan per tonne from 7,976 yuan, the aviation watchdog also ordered mainland carriers to cut fuel surcharges ...

  7. Carriers to fight sky charges

    Posted Oct 10th 2011, 12:00am

    ... Airlines that fly to Europe will have to pay a lot of money in carbon tax. This means airfares are going to be more expensive. The world's carriers thought it might not be legal ... of their independence. China fears its carriers will have to pay 800 million yuan (HK$974.6million) more each year on flights to Europe, and that this could be four times as much by 2020. 'If they charge ...

  8. Dark skies loom for Asian carriers amid slowdown

    Posted Oct 13th 2011, 12:00am

    ... expects tough times ahead, saying its cargo business, which accounts for about 30 per cent of revenue, is hard hit. Hong Kong's flag carrier cut its freighter service to long-haul ... of peak season, said James Woodrow, Cathay's general manager for cargo sales and marketing. He said the carrier still had a glimmer of hope for a pickup in air freight during the last quarter ...

  9. Softer oil prices boost airlines, shipping firms

    Posted May 03rd 2008, 12:00am by Charlotte So

    ... to aircraft maintenance and fewer aircraft in operation. Air China and other mainland carriers start gearing up capacity in May. In addition to airlines, shipping companies also saw a strong rebound yesterday in light of softening oil prices. China Shipping Development, the major oil and bulk shipping company on the mainland, rose 6.08 per cent to HK$27.15. China Cosco Holdings, the largest ...

  10. Budget carrier says costs lower than rival firm's

    Posted Aug 05th 2011, 12:00am

    ... costs than rival low-cost carrier AirAsia Japan and aimed to become a dominant budget airline on mainland China routes in three to five years. The announcement that ANA will join hands with AirAsia to form a Narita-based budget airline two weeks ago raised concerns about market positioning and a conflict of interest over the plan by the two related, yet competing, low-cost carriers ...




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