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  • September 19, 2014
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  1. News - World - AVIATION

    British Airways boss Willie Walsh calls for UN inventory on missiles

    Posted Aug 03rd 2014, 06:53am by GDN

    ... at a distance of approximately 2km incoming artillery from where we were, and that was too close to continue," said Alexander Hug, deputy chief monitor with the Organisation for Security ...

  2. Business - China Business - AVIATION

    China Southern's income dips 29pc

    Posted Oct 29th 2012, 12:00am by BLOOM

    ... Bloomberg China Southern's income dips 29pc China Southern Airlines, the nation's biggest carrier by passenger numbers, reported a 29 per cent drop in third-quarter profit on rising operating costs and currency fluctuations. Net income declined to 2.22 billion yuan (HK$2.73 billion) from 3.13 billion yuan a year earlier, the company said in a filing to the Shanghai ...

  3. Business - China Business - AVIATION

    Flight curbs in China could hurt airlines, drive airfares up, analysts say

    Posted Jul 23rd 2014, 01:48pm by SIJIA JIANG

    ... industry experts believe airfare rises of as much as 10 per cent could be needed to compensate for the lost income, a sufficiently large bite to trigger disclosure statements to stock exchanges. ...

  4. Business - Companies - AVIATION

    Airline profit surge masks thin margins, says Iata

    Posted Jun 03rd 2014, 01:30am by BLOOMBERG AND REUTERS

    ... Bloomberg Profit surge masks thin margins, says Iata Airline industry earnings are forecast to reach a record this year on surging gains in the United States, but they mask margins too thin to provide any real resilience to economic setbacks, the International Air Transport Association said. Carriers would earn US$18 billion in combined net income, Iata chief executive Tony ...

  5. Business - Companies - AVIATION

    Qantas chief resets plan to make airline profitable as losses build

    Posted Mar 01st 2014, 01:14am by BLOOM

    ... A$466 million in net income since Joyce took over in 2008, according to data. Australia's biggest airline posted 18 consecutive annual profits up to 2011. Under Joyce, Qantas's market ...

  6. Business - China Business - AVIATION

    Shanghai urged to relax offshore finance

    Posted Nov 25th 2013, 03:52am by Charlotte So

    ... that even if the restrictions on offshore yuan finance were relaxed, not all aircraft leasing companies could benefit. "Unless the lessor has yuan income, it has to swap the [US] dollars ...

  7. Business - China Business - AVIATION

    China's home-grown airliner delayed again

    Posted Sep 26th 2013, 12:00am by AP

    ... China launched the ARJ21 project in 2002 as rising household incomes sparked a massive expansion of domestic aviation. State-owned Comac was formed to build the aircraft in Shanghai and a host ...

  8. News - China - AVIATION

    Chinese jetliner’s first flight set back a year

    Posted Aug 07th 2013, 03:52pm by AFP

    ... the China Daily said. The plane’s development comes as China’s rapid economic growth creates huge demand for aircraft as growing incomes boost air travel. US aviation giant Boeing has estimated ...

  9. Business - Companies - AVIATION

    Asian airlines to lead 20pc increase in 2013 earnings on capacity cuts: IATA

    Posted Jun 04th 2013, 12:00am by Bloomberg

    ... as capacity cuts help pack planes to record levels, the International Air Transport Association (Iata) says. Carriers are likely to generate net income of US$12.7 billion this year, the industry group ... share. European airlines should accrue net income of US$1.6 billion, with Middle Eastern operators generating US$1.5 billion and those from Latin America about US$600 million, according ...

  10. Business - Companies - AVIATION

    Asia-Pacific airlines to see sharp fall in profit

    Posted Dec 14th 2012, 12:00am by Bloomberg and Charlotte So

    ... this year, down from US$5.4 billion last year- the largest drop in absolute value ever in the sector. Industrywide net income for the year should reach US$6.7 billion, against a forecast of US$4.1 ... income is expected to reach 1 per cent of revenue this year and 1.3 per cent next year, when carriers may carry more than 3 billion passengers for the first time. "Things are moving ...




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