 If this newsletter is not properly displayed, please click here. |
- Edition: 1459
Headlines
Contents Delta profit plunges by 94%
Delta Air Lines' first-quarter earnings fell 94 percent as the carrier posted fewer fuel-hedging gains, offsetting modest revenue growth, reported Dow Jones Newswires.
US Federal Budget
cuts start to bite
The impact of US government Budget cuts on air travel intensified on Tuesday as the shortage of air-traffic controllers caused flight delays at major airports and carriers continued to protest the cuts.
Singapore Airlines lifts stake in Virgin Australia to 19.9%
Singapore Airlines has lifted its stake in Virgin Australia to 19.9 percent, boosting its influence at the carrier at a time of industry jostling to secure lucrative routes in Southeast Asia, reported Reuters.
European regulators approve Boeing fixes for 787 batteries
European regulators have approved Boeing Co's proposal to modify the lithium-ion batteries on its flagship 787 Dreamliner jet, clearing the way for Europe's carriers to fly the wide-bodied jets, reported Dow Jones Newswires.
US Airways Q1 profit off 8.3%
US Airways' first-quarter earnings fell 8.3 percent amid merger-related charges and other items, masking stronger revenue and passenger traffic, reported Dow Jones Newswires.
FedEx wins seven-year, $10.5b postal contract
FedEx says it signed a seven-year, US$10.5 billion deal to keep hauling air mail for the US Postal Service, reported Associated Press Newswires. The deal calls for FedEx to carry Express Mail and Priority Mail between US airports.
Aramex Q1 profit rises 14%
Logistics firm Aramex posted a 14 percent increase in first-quarter net profit, helped by its regional expansion and growth in emerging markets, reported Reuters.
UPS plans big retail push into Germany
United Parcel Service (UPS) plans a major push into the German retail market, according to German daily Die Welt, citing UPS head of German operations Frank Sportolari.
Norfolk Southern Q1 profit up 9.8%
Norfolk Southern's first-quarter earnings rose 9.8 percent, boosted by the sale of land, although the railroad company recorded a slight drop in railway operating revenue as coal revenue continued to slump, reported Dow Jones Newswires.
| | AAT hits new quarterly record
Asia Airfreight Terminal (AAT) tonnage throughput in March 2013 was 68,387 tonnes, an increase of four percent compared to the same period last year.
Israel airline strike ends after government deal
Israel reached an agreement with airline El Al on Monday to help cover its security costs, which ended a two-day strike and will help the flag carrier be competitive in an open-skies deal with Europe, reported Reuters.
Australia won't block Virgin Australia's Tiger buy
Australia's anti-trust regulator won't block Virgin Australia's US$36 million acquisition of a 60 percent stake in low-cost carrier Tiger Airways Australia, a move that will allow it to go head-to-head against rival Qantas Airways' no-frills Jetstar
Qantas in talks to create Latin American tie-up
Qantas is talking with South American partner LATAM about forging a closer alliance and is also expecting a strong boost from the merger of partner American Airlines with US Airways, reported The Australian.
Mexico airport operator Asur reports lower quarterly profit
Mexican airport operator Grupo Aeroportuario del Sureste, which operates Cancun airport and eight others in Mexico's southeast, said its first-quarter profit fell 9.6 percent, hurt by a jump in taxes that offset higher revenue, reported Reuters.
Lufthansa expects flights to return to normal Tuesday
Deutsche Lufthansa expects business to be mostly back to normal on Tuesday after a one-day strike over pay grounded most flights on Monday, reported Dow Jones Newswires.
IAG orders 18 Airbus A350-100 aircraft
International Consolidated Airlines Group it had ordered 18 Airbus A350-100 long-range jetliners with an option for another 18 for its British Airways unit, reported Dow Jones Newswires.
Labour boss tries to end port strike
Secretary for Labour and Welfare Matthew Cheung Kin-chung met dockers for the first time yesterday in an apparent attempt to put an end to their 26-day strike, reported the South China Morning Post.
Push for Hapag-Lloyd, Hamburg Sud merger
German container lines Hapag-Lloyd and Hamburg Sud are under pressure to restart merger talks within the next two months in a last-ditch attempt to revive a plan to create the world's fourth-largest container company in terms of capacity, according to
Call for nationwide strikes at Deutsche Post
German labour union ver.di said it has called for nationwide strikes on Tuesday and Wednesday at Deutsche Post, putting increased pressure on the mail and logistics company in a wage dispute, reported Dow Jones Newswires.
Simon-Kucher gets off to good start
International strategy consultancy Simon-Kucher & Partners generated US$49 million revenue worldwide in the first three months of 2013 – 11 percent higher than in the first quarter of 2012.
CN Q1 profit drops as weather hampers operations
Canadian National Railway said its first-quarter net income fell 28 percent from a year earlier as bad weather caused congestion in its network and constrained volume growth, reported Dow Jones Newswires.
| Produced by Cargonews Asia
10/F, Block C, Seaview Estate, 2-8 Watson Road, North Point, Hong Kong.
Tel: 852-3965 7800
Fax: 852-2508 0255
Contact
Editorial: cnaedit@cargonewsasia.com.hk
Advertising: octang@cargonewsasia.com.hk
Other enquiry: customer@cargonewsasia.com.hk
You have been sent this email because you requested to receive it, either as a registered user of CargonewsAsia.com, or as a registered reader of Cargonews Asia newspaper. If you would like to unsubscribe from this newsletter click here.
If you received this newsletter from a friend and you would like to subscribe to it free of charge please go to the cargonewsasia.com registration page and fill out the registration form.
This news service is designed for optimal viewing with MS Outlook. |
| Copyright @2002-2009 Marshall Cavendish Business Information (HK) Ltd. All Rights Reserved. | |
No comments:
Post a Comment