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  • October 1, 2014
  • Last updated: 5:24pm
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Results 1 - 10 of 21 for spring airlines

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  1. Business - China Business - EARNINGS

    China Eastern profit plunges 98pc as China Southern posts 1b yuan loss

    Posted Aug 30th 2014, 01:29am by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Chinese airlines hit by exchange losses China Southern Airlines, the country's largest carrier by fleet size and passenger volume, posted a first-half loss of 1.02 billion yuan (HK$1.28 billion), as mainland airlines were hit hard by exchange losses caused by unprecedented depreciation of the yuan this year. Interim profit at rival China ...

  2. Business - China Business - EARNINGS

    China's airlines hit hard by weaker yuan

    Posted Jul 17th 2014, 01:22am by SIJIA JIANG

    ... airlines hit hard by weaker yuan The weaker yuan is emerging as a major downside risk for mainland airlines already wrestling with a challenging business environment brought on by increased competition and higher taxes. The unprecedented depreciation of the yuan this year has been blamed by the nation's biggest airlines warning their first-half profits could shrink significantly. ...

  3. Business - Companies - EARNINGS

    Singapore shooting-range builder Starburst to gain from Mideast unrest

    Posted Aug 26th 2014, 01:10am by BLOOM

    ... spending surges following the Arab Spring uprisings. The company was pursuing as many as six contracts to provide firearms training facilities to countries including the United Arab Emirates, ... best-performing stock since its listing on July 10, soaring 139 per cent by Friday. The Straits Times Index rose 1.5 per cent in that span. "After the Arab Spring, countries in the Middle East ...

  4. Business - Companies - EARNINGS

    BOC Aviation first-half profit unchanged at US$163m as fleet grows

    Posted Aug 20th 2014, 03:19pm by SIJIA JIANG

    ... countries, including six mainland airlines. Bank of China acquired the company, formerly Singapore Aircraft Leasing Enterprise, in December 2006, when it had only a fleet of 77.  ...

  5. Business - Companies - EARNINGS

    Cathay Pacific profit surges but falls short of estimates

    Posted Aug 13th 2014, 02:10pm by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Net profit soars in the first six months but still falls short of airline and analyst expectations Cathay hopes for better second half First-half net ... of an airline's profitability, slipped 3.5 per cent in the passenger business to 66.6 HK cents and dropped 6.9 per cent for cargo and mail. The profit margin improved by 0.6 percentage point to 0.7 per ...

  6. Business - Companies - EARNINGS

    Qantas to cut 1,000 jobs as airline forecasts half-year loss of up to A$300 million

    Posted Dec 05th 2013, 02:20pm by Bloomberg

    ... Bloomberg in Sydney Facing stiff competition from Virgin Australia, airline estimates A$300m loss for the first half amid rising fuel costs and falling ticket prices Qantas forecasts ... the most in 18 months. Rising fuel costs and a fall in ticket prices amid an increasing supply of airline seats will drive the company to lose between A$250 million and A$300 million in the first ...

  7. Business - China Business - EARNINGS

    Weaker demand and competition hit China Eastern

    Posted Mar 28th 2014, 01:40am by Keira Lu Huang

    ... Following the sluggish performance of Air China, the country's second-largest carrier by passenger numbers- China Eastern Airlines- also reported weaker profit last year. The Shanghai-based ... aircraft for cargo service, said Sun Yu, a deputy general manager of the airline's strategy and development department. While Beijing's austerity drive has emptied much of the premier ...

  8. Business - China Business - EARNINGS

    China Southern net down 24pc as perks face cuts

    Posted Apr 01st 2014, 01:20am by Keira Lu Huang

    ... Keira Lu Huang keira.huang@scmp.com China Southernnet down 24pc as perks face cuts To deal with the expected impact of Beijing's austerity drive, China Southern Airlines- the mainland's biggest airline by fleet size- will adjust its cabin structure to expand the premier-economy class while reducing the ratio of first-class seats, company chairman Si Xianmin said ...

  9. Business - Companies - EARNINGS

    Hard landing for mainland China airlines

    Posted Apr 27th 2013, 12:00am by Charlotte So, KANIS LI

    ... Charlotte So and Kanis Li Hard landing for mainland airlines Mainland airlines faced turbulence in the first quarter, with China Eastern Airlines yesterday going from a profit to a loss and China Southern Airlines stocks taking a hammering after the company barely managed to stay in the black. China Eastern reported last night a loss of 132 million yuan (HK$164.5 million) ...

  10. Business - China Business - EARNINGS

    Yuan rise helps Chinese carriers

    Posted Oct 30th 2013, 03:31am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Air China and China Eastern await business travel pickup after forex gains prop up profits Yuan rise helps mainland carriers Yuan appreciation helped shore up earnings at Air China and China Eastern Airlines in the first nine months of the year, with analysts predicting that fourth-quarter business could benefit from a recovery in business ...




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