Asiana ends Q2 with $41m loss
Asiana Airlines, Korea's No 2 flag carrier, said it swung to a net loss in the second quarter due to high fuel prices, reported Joins.com. The airline posted a net loss of US$41.8 million in the three months ended June 30, compared with a $15.
Thai Airways posts smaller net loss in Q2
Thai Airways International reported a quarterly net loss of US$49 million as aggressive promotions and fierce competition dragged down passenger yields, even though passenger numbers improved, reported Reuters.
Sixth quarterly loss
for Malaysian Airline
Cash-strapped flag carrier Malaysian Airline System reported its sixth consecutive quarterly loss, hit by a foreign exchange loss and a drop in revenue as it flew fewer passengers, and warned that high fuel prices and a faltering global economy would
New Berlin airport opening to be delayed again
Berlin's new airport is likely to face another delay in its opening amid technical and financial concerns, a person familiar with the matter said, reported Dow Jones Newswires.
Etihad may buy into more airlines
Etihad Airways chief executive James Hogan said the airline would consider adding one or two more strategic airline stakes, reported Reuters.
Aiports of Thailand posts 224% jump in quarterly earnings
Airports of Thailand reported a 224 percent year-on-year jump in its net profit for its fiscal third quarter ending June 30 thanks mainly to double-digit revenue growth driven by increased air traffic, reported The Bangkok Post.
Tacoma scrambles to keep pace with box growth
A substantial increase in the Port of Tacoma's container-shipping business this summer has the port, the Longshore Union, trucking companies, terminal managers and railroads scrambling to cope with the volume of new business, reported TheNews Tribune.
GLP first quarter profit surges 57.2%
Global Logistic Properties (GLP) blew past estimates, posting a 57.2 per cent jump in first-quarter earnings as domestic demand continued to fuel growth in China, reported Business Times Singapore.
Big pay package for FedEx CEO
The founder and top executive at FedEx Corp received a pay package worth US$13.7 million in the most recent fiscal year, nearly double a year earlier, reported Associated Press Newswires.
| | Gol loss doubles to $397 million
Brazilian airline Gol Linhas Aereas expects an operating loss this year after posting a hefty quarterly net loss due to fuel costs and a currency swing, reported Reuters.
Maersk back in black with profit of $227m
A P Moller-Maersk raised its forecast for full-year net profit as the Danish group's container shipping arm swung back into the black to the tune of US$227 million in the second quarter on a rise in freight rates, partially offsetting worse performances
Agility stays the course with $27.6m profit
Agility, a logistics provider reported a flat net profit of US$27.64 million for the second quarter compared to the same period the previous year. Revenue and adjusted EBITDA were $1.23 billion and $71.
FedEx offers voluntary redundancy
FedEx Corp is to offer some US-based employees voluntary redundancy as tough times hurt shipping volumes and customers demand cheaper delivery options, reported Reuters.
EU regulator pauses UPS-TNT merger probe
The European Commission temporarily stopped its investigation into United Parcel Service's US$6.4 billion bid for Dutch rival TNT Express, reported Reuters.
ABC's Asia-Pacific VP resigns
Robert Song has resigned as vice-president, Asia Pacific region, from AirBridgeCargo Airlines, effective September 1.
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