Alaska Air Q4 profit drops 31% on fuel hedging
Alaska Air's fourth-quarter earnings fell 31 percent as fuel-hedging adjustments masked the airline's improved revenue, reported Dow Jones Newswires.
Southwest Airlines posts lower profit as costs rise
Southwest Airlines reported lower quarterly profit as it wrestled with higher costs for fuel, maintenance materials and salaries, reported Reuters.
United Continental Q4 loss widens to $620m
United Continenta, the world's largest carrier, posted a bigger fourth-quarter loss as costs rose and revenue fell, and the carrier said it expects to cut more than 600 management and administrative jobs.
Tiger Airways snaps six-quarter losing streak
Singapore-based budget carrier Tiger Airways swung to a profit in its fiscal third quarter, snapping a six-quarter losing streak, thanks to improved passenger traffic, yields and utilisation of its fleet, reported Dow Jones Newswires.
Air New Zealand starts daily flights to Shanghai, Tokyo
Air New Zealand is now operating daily return services to Shanghai and Tokyo in response to strong growth in the Asian market, reported Dow Jones Newswires.
Antwerp building world's largest lock
Belgium is building the world's largest lock – as wide as a 19-lane highway – ready to welcome the latest generation of giant ships after Europe's brace of new trade deals, reported Reuters.
Time:matters expands its China network
Time:matters, the expert in international Special Speed Logistics, is expanding its network in China.
Union Pacific's profit beats estimates
Union Pacific Corp, the No.1 US railroad, reported a quarterly profit above analyst estimates as higher pricing helped to make up for a fall in volumes but it warned of a tough 2013, reported Reuters.
Nissan develops truck with battery-powered cooling system
Nissan Motor has developed the world's first truck with a refrigerator compartment run only by a lithium-ion battery system without using the power of the engine, reported Kyodo News.
| | Etihad Airways records profit for second year running
Etihad Airways, the national airline of the United Arab Emirates, was profitable again in 2012, said the airline's president and chief executive, James Hogan, reported Al-Bawaba News.
SIA plans $11.6b investment in next five years
Singapore Airlines plans to increase its capital expenditure for the next five years by 67 percent to buy new planes and improve its cabins as it battles for market share in an industry facing declining demand from the important corporate market,
Turkey to build world's biggest airport
Turkey plans to build what it said would be the largest airport in the world in Istanbul, eventually able to handle 150 million passengers per year, in a project seen costing more than US$9.3 billion, reported Reuters.
US Airways fourth
quarter profit doubles
US Airways fourth-quarter profit more than doubled as higher revenue offset cost increases, which sent the carrier's shares up nearly four percent in early afternoon trading.
Japan finds no defects in 787 battery
Japanese regulators said no potential problems or defects had yet been found in an inspection of the supplier of a burnt battery found on an All Nippon Airways 787 Dreamliner, reported Dow Jones Newswires.
DP World to invest 81.7m in JNPT project
DP World, the Dubai Government-owned port company, will make an equity investment of US$81.74 million in the recently awarded container terminal project at Jawaharlal Nehru Port, reported The Hindu.
Shippers gloomy on exports from China
Many in the shipping industry see a sluggish year ahead for Chinese exports, a cornerstone of the world's No.
Frozen cargo makes vessel list off England
Cargo vessel lists A Croatian cargo ship began listing off the coast of Wearside, England after its cargo of wood froze, making the ship heavier in certain areas.
Agility opens new warehouse in Malaysia
Agility, a logistics provider, has expanded its offering to customers with the opening of a state-of-the-art logistics centre in Melaka on the Malay Peninsula.
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