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- Edition: 1494
Headlines
Contents EADS posts $1b profit, changes name to Airbus
The parent company of European jet maker Airbus saw its profit soar in the first half and it has announced a corporate shake-up to give new prominence to its civil aviation division, reported Associated Press Newswires.
ANA in red as fuel costs soar
The bottom line of All Nippon Airways' parent company fell deep into the red in the fiscal first quarter, hit by higher fuel costs as a result of a weaker yen, while the prolonged grounding of the 787 Dreamliner also took a toll.
Profit up at UK airports owner MAG
Manchester Airports Group (MAG) posted a 12 percent increase in full-year profit, boosted by an increase in passenger numbers and higher commercial revenue, reported Reuters.
Air France may cut 3,000 more jobs
Air France could cut up to 3,000 more jobs as part of parent group Air France-KLM's latest cost reduction plans, a union said, as Europe's weak economy thwarts the carrier's turnaround efforts, reported Reuters.
Brazil's TAM to fire hundreds of pilots
Brazilian airline TAM plans to cut the jobs of fewer than a thousand pilots, co-pilots and flight attendants as part of a cost-cutting programme, reported Reuters.
DP World first half volumes down 5.7%
Dubai's DP World, the world's third biggest port operator, reported a 5.7 percent decline in consolidated container volumes in the first half of the year, as volumes dropped in Asia, Europe and the Middle East, reported Reuters.
Laem Chabang plans to set up subsidiary abroad
Laem Chabang Port is considering options to set up a subsidiary for overseas investment to increase its revenue, reported the Bangkok Post.
Kandla port to invest $980m in new container terminal
Kandla port in Gujarat plans to set up a container terminal at a cost of about US$980 million, reported The Hindu.
Weak US, EU demand
hits Hutch Port profit
Hutchison Port Holdings (HPH) Trust reported a 26 percent drop in net profit to around US$54 million for the second quarter of this year, compared to the corresponding quarter of last year, due to weak trade demand from the US and the European Union.
| | Shreyas Shipping to start two new coastal services
Shreyas Shipping and Logistics will start two new coastal container services linking, for the first time, all major ports on the East and West coasts — from Mundra (Gujarat) to Kolkata — from August 15, reported The Hindu.
DHL adds new facility at Auckland Airport
DHL Supply Chain New Zealand, a division of the logistics giant, is set to locate a third facility at the Auckland Airport business district, reported Fuseworks Media.
XPO Logistics posts 151% jump in Q2 revenue
XPO Logistics posted revenue of $137.1 million for the second quarter, a 151.4 percent increase from the same period in 2012, reported Reuters. Gross margin dollars increased 128.4 percent year-over-year to $19.
JAXPORT to keep competitive edge, pledges new boss
Jacksonville Port Authority's new chief executive officer Brian Taylor met with local media today for the first time yesterday saying he was anxious to get started.
EU set to approve American US Air deal
AMR Corp's American Airlines and US Airways will win EU approval for their US$11 billion merger to become the world's largest carrier after agreeing to cede slots on a transatlantic route.
Etihad gets green light for Jet Air stake
Shares in Jet Airways (India) surged 6.81 percent in pre-open trading today after the airline received conditional approval from India's foreign investment regulator to sell a US$379 million stake to Etihad Airways.
Growing AAT volumes keep terminal busy
Asia Airfreight Terminal saw throughput rise 11 percent in June with 63,114 tonnes being handled by the Hong Kong facility on the back of strong imports and transshipment.
Schiphol cargo posts flat growth
Amsterdam Airport Schiphol continued its marginal cargo growth through the first half of 2013, handling 736,608 tonnes that was 1.02 percent better than 1H 2012. Total exports for the half-year rose to 362,124 tonnes, which was a 49.
GPA cargo records keep on tumbling
The Georgia Ports Authority handled record volumes for fiscal year 2013 in total tonnage, bulk cargo, total auto-machinery units and freight moved by intermodal rail. In the year ending June 30, the GPA moved a record-setting 27.
Japanese carriers limp back into the black
Mitsui OSK Lines likely swung to a pretax profit in the April-June quarter, while fellow shipping giant NYK is expected to report a roughly twofold profit gain.
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