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- Edition: 1460
Headlines
Contents Airbus clinches $8b
China deal for jets
Airbus has secured a firm order from China for 60 Airbus jets with a value at list price of around US$8 billion.
United Continental narrows loss
United Continental's first-quarter loss narrowed amid fewer merger-related charges and other items as the carrier also posted revenue growth, reported Dow Jones Newswires.
Senators move to spare aviation from sequester cuts
Congressional leaders have predicted they will have a deal in place by Friday to exempt air traffic controllers from sequester cuts that are causing thousands of plane delays across the US, reported The Guardian.
Finnair loss shrinks on cost cuts
Finland's flag carrier Finnair reported a smaller underlying loss due to cost cuts and a shifting focus to more profitable Asian routes, reported Reuters. The company's first-quarter underlying loss shrank to US$23.02 million from $31.
Mexican airport operator posts Q1 gain
Mexican airport operator Grupo Aeroportuario del Pacifico (GAP) saw its first-quarter profit rise 26.4 percent, helped by lower operational costs at its airports and higher passenger traffic, reported Reuters.
Cheung Kong asks court to drive out strikers
Tycoon Li Ka-shing's flagship Cheung Kong company dealt a blow to striking dockers yesterday, seeking an injunction in the High Court to keep them away from its headquarters in Central, reported the South China Morning Post.
Echo Global Q1 profit done 10%
Echo Global Logistics' first-quarter profit fell percent as the transport-services firm's growing expenses and charges offset revenue growth, reported Ddow Jones Newswires.
UPS profit up on strong US returns
United Parcel Service (UPS) said China's economic slowdown and sluggish conditions in Europe could restrain growth this year, though strong e-commerce shipments in the US helped to drive forecast-beating first-quarter profits.
Boeing profit soars despite 787 problems
Boeing Co's first-quarter earnings jumped nearly 20 percent, handily beating analysts' estimates and showing little impact from the 787 Dreamliner problems, sending the company's shares up more than three percent, reported Reuters.
| | Etihad buys 24% of Jet Airways for $379m
Ambitious Gulf carrier Etihad Airways is taking almost a quarter stake in India's Jet Airways, giving it a bigger foothold in the fast-growing Indian market.
FAA reports staff shortages in Florida, Los Angeles, Chicago
New hotspots for air-travel delays emerged on Wednesday because of a shortage of air traffic controllers, while some airline executives warned that a lack of consultation was exacerbating the problem, reported Dow Jones Newswires.
BA loss may spur Boeing to offer mini-jumbo soon
Boeing looks ready to start offering its long-awaited next-generation mini-jumbo in weeks after pondering for months how to prevent a key part of the big-jet market slipping to rival Airbus, reported Reuters.
Aeroflot 2012 net profit falls 66%
Russian state-controlled airline Aeroflot reported on a 66 percent fall in 2012 net profit compared with 2011 when its bottom-line got a one-off boost from asset sales, reported Reuters.
Shanghai Port Q1 profit up 10% to $165m
Shanghai International Port (Group) said that its first-quarter net profit rose 10.4 percent on the back of higher investment gains and a rise in port handling volume, reported Dow Jones Newswires.
Union lashes Asciano's `zero labour' goal
The Maritime Union of Australia has attacked the head of the nation's largest ports operator for declaring he could see the day when manpower would not be required on the waterfront, reported The Australian.
Contractor in pay row hires new workers
A main dock contractor caught in the thick of a pay dispute at the Kwai Tsing port has hired 50 new dockers and is sure it can do without all 300 striking workers in two weeks, the company says.
$3b earmarked for New Jersey bridge projects
A replacement for the aging Goethals Bridge is among nearly US$3 billion in public-works projects the Port Authority has approved, reported Newsday.
Dimerco to launch new LTL service
Dimerco Express Group (Dimerco), a global logistics service provider with over 42 years of history, will launch a new LTL (less-than-truckload) road freight service in May, covering ASEAN and China major hubs.
Efficiency push fuels CP Railway's best Q1
Canadian Pacific Railway said a hard-driving efficiency push coupled with revenue gains helped fuel its best first-quarter results since Canada's No.
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