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Singapore Airlines profit sinks on fuel costs, Virgin Australia losses

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November 13, 2018 Singapore Airlines Ltd on Tuesday reported an 81 percent fall in second-quarter earnings, driven by higher fuel prices and non-cash losses at its part-owned Virgin Australia Holdings Ltd. The carrier, a benchmark for Asia’s premium airline industry, posted a net profit of S$56 million ($40.5 million) for the quarter ended Sept. 30, […]

Airline Emirates warns oil, dollar to hit first-half profit

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November 13, 2018 Emirates earnings are being squeezed by higher oil prices, a strong dollar, and instability in the global economy, the airline’s chief commercial officer said on Tuesday. The warning came ahead of Emirates’ half-year financial results for the period ending September 30, which will be released on Thursday. “The profit will be badly […]

Zimbabwe invites bids for struggling national airline

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November 12, 2018 Zimbabwe has invited bids for the state-owned airline as President Emmerson Mnangagwa’s government pushes ahead with a drive to privatize and end state funding to loss-making firms, Air Zimbabwe’s administrator said on Monday. Air Zimbabwe, which owes foreign and domestic creditors more than $300 million, was in October placed into administration to […]

Turkish Cargo earns QEP at 15 more stations

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November 12, 2018 Turkish Cargo has increased the number of QEP accredited stations with an additional 15 across Europe, the Middle East, Asia, Africa and the Americas. The 15 new Qualified Envirotainer Provider stations are Helsinki, Taipei, Vienna, Kuwait, Maastricht, Buenos Aires, Sao Paulo, Tokyo, Chicago, Madrid, Cairo, Rome, Dusseldorf, Budapest and San Francisco. The […]

Ethiopian Cargo takes delivery of 8th B777F

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November 12, 2018 Ethiopian Cargo & Logistics Services has taken delivery of its eight Boeing 777 Freighter, which arrived in Addis Ababa on 10 November. As part of the company’s 15-year Vision 2025 plan, Ethiopian Cargo & Logistics Services plans to generate $2 billion of revenue with 19 freighter aircraft, and transport 820,000 tonnes of […]

AirAsia X considering switching part of Airbus order to narrowbody jets: CEO

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November 9, 2018 AirAsia X Bhd, which has yet to firm up a tentative order for 34 Airbus SE (AIR.PA) A330neo widebody jets placed in July, is considering switching some of those jets to narrow body A321neos, the CEO of its Malaysian arm said on Friday. “This is something the team is discussing,” Chief Executive Benyamin […]

Air France KLM posts higher October traffic figures

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November 9, 2018 Air France KLM reported higher passenger traffic figures for October, as its new Chief Executive Ben Smith embarks on plans to improve performance after costly strikes earlier this year. Air France KLM said it carried about 9.2 million passengers in October, up 3.3 percent from last year. The group’s load factor – […]

Brazilian airline Azul’s Q3 profit drops on oil prices, currency

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November 8, 2018 Brazilian airline Azul SA posted on Thursady a 42 percent drop in third-quarter profit to 117 million reais ($31.32 million), due to higher fuel prices and a depreciating local currency. The results missed a Refinitiv IBES estimate that put Azul’s quarterly profit at $37 million. Azul’s revenue grew by 21 percent in […]

Wizz Air downgrades profit outlook on fuel price, summer disruption

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November 7, 2018 Budget airline Wizz Air downgraded its forecast for full-year profit, blaming higher fuel prices and a summer marred by air traffic control strikes and congested airports. Wizz, which mainly serves passengers in central and eastern Europe, guided that net profit for the 12 months to March 31 2019 would now come in […]

India’s Tata Group in talks to buy majority stake in Jet Airways

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November 5, 2018 India’s Tata Group is in talks to buy a stake in beleaguered carrier Jet Airways and its loyalty program, television news channel CNBC-TV18 reported on Monday, citing sources. Tata Group aims to buy the 51 percent stake owned by Jet Airways founder, Naresh Goyal, and Etihad Airways’ 24 percent stake, the station […]