Airlines are estimated to have this year earned net profit of US$8.4 billion for a margin as thin as 1.3 per cent, a typical year in a highly volatile industry.
- Mon
- Mar 4, 2013
- Updated: 7:01pm
Trending topics
30 Oct 2012
Virgin Australia on Tuesday said it has sold 10 per cent of its business to Singapore Airlines while agreeing to buy a 60 per cent stake in low-cost carrier Tiger Airways Australia.
26 Oct 2012
Qantas chief Alan Joyce said he has no regrets about ordering the shock grounding of the Australian airline’s entire fleet last year, saying it paved the way for much needed change.
10 Oct 2012
Frustration and anxiety are etched on the faces of staff at India’s grounded Kingfisher Airlines as they gather at Mumbai’s domestic airport each morning -- not to work, but to vent their anger....
27 Sep 2012
A budget airline boom that is sweeping Asia is leaving Chinese travellers behind, as the the region now boasts more than 50 low cost carriers from almost none a decade ago.
Airlines stocks took flight after international oil prices fell unexpectedly, helping carriers trim high fuel costs.
AirAsia boss Tony Fernandes has vowed to give Indonesian rival Lion Air “a real run for their money” after it announced plans for a new low-cost carrier, a report said Thursday.
Mainland airlines will raise fuel surcharges by between 30 and 40 per cent today ahead of an expected increase in refined oil prices by the government next week.
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