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- Edition: 1492
Headlines
Contents SATS first quarter profit up 11.9%
A group level cost savings drive and higher contributions from associates and joint ventures boosted SATS's first-quarter net profit by 11.9 per cent to US$37.93 million, reported Business Times Singapore. Excluding a $1.
Garuda to spin off cargo division
National flag carrier Garuda Indonesia plans to make its cargo division an independent entity next year so it can expand its cargo business with more flexibility, reported The Jakarta Post.
Lower costs lift United Continental profit
United Continental posted a higher-than-expected quarterly profit as costs at the airline fell and it raised air fares, reported Reuters. The world's biggest air carrier said second-quarter revenue rose 0.
Air France-KLM belt-tightening pays off
Franco-Dutch airline Air France-KLM said its Transform 2015 efficiency plan is starting to pull the company out of the red, but said it needs to take new, tough measures to deal with its unprofitable medium-haul and cargo operations, reported Dow Jones
Virgin stake sale lifts
Singapore Airlines net
Singapore Airlines posted a 56 percent rise in fiscal first quarter net profit, lifted by gains from the sale of its stake in Virgin Atlantic Airways.
Air India gets $500m loan to buy Dreamliners
To finance purchase of five Boeing Dreamliners, Air India has secured a bridge loan of $500 million from Deutsche Bank and UK's Investec Bank, reported The Hindu.
Brazil's Embraer posts surprise net loss on higher taxes
Brazilian planemaker Embraer posted an unexpected quarterly loss, as a stronger dollar helped its operating profit but drove up its tax bill, reported Reuters. The world's third-largest commercial planemaker said it had a net loss of US$5.
Belawan throughput up in first half
Busy trade activities in Belawan's container terminal has helped the North Sumatra port record almost 15 percent growth in traffic during the first half of this year, according to state-run port company Pelindo I, reported The Jakarta Post.
Panalpina improves profitability in Q2
The Panalpina Group's profit increased by 44 percent year-on-year to US$25.83 million in the second quarter of 2013, reported Tensid.
| | Dallas/Fort Worth names new CEO
Dallas/Fort Worth International Airport has named Sean Donohue as the next chief executive officer.
Saudia cargo traffic up 4% in first half
Saudi Airlines Cargo saw a four percent growth in cargo tonnage in the first half despite a sluggish market.
Boeing Q2 profit up 13% as Dreamliner deliveries soar
Boeing Co reported strong earnings growth for the latest quarter and signaled it may increase production of its smallest commercial jets to meet demand, but it warned that it is bracing for "draconian" cuts to Pentagon spending that could squeeze the
Delta, US Airways post profit as fuel costs decline
Delta Air Lines and US Airways reported higher-than-expected quarterly profits as fuel costs decreased, and both airlines said demand was improving after weakness earlier this year, reported Reuters.
Emirates, Air France-KLM to bolster DWC cargo traffic
The introduction of daily flights by Emirates SkyCargo and Air France-KLM over the next 12 months is expected to contribute to the continuing growth at Dubai World Central Al Maktoum International.
CP Rail Q2 earnings more than double
Canadian Pacific Railway more than doubled its profit in the second quarter and posted record revenue, despite network interruptions such as major flooding in Alberta.
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