SWISS stabilises first half operating profit
SWISS achieved an operating profit of US$76.72 million for the first six months of 2013, an 18 percent improvement on the same period last year. Total income from operating activities was up three percent for the period to $2.67 billion.
Jetstar first budget carrier to carry freight
Jetstar Japan has become the first low-cost carrier in its market to enter the freight business with a deal to carry cargo on select routes, reported The Australian.
Etihad to buy 49% stake in Serbian airline
United Arab Emirates' Etihad Airways, which has stakes in Virgin Australia and Air Berlin, will acquire a 49 percent stake in Serbia's loss-making JAT Airways, reported Reuters.
Lufthansa Q2 profit down 42.6%
German airline Deutsche Lufthansa saw its second-quarter profit plunge 42.6 percent because of restructuring charges and the absence of non-recurring gains that inflated last year's result, reported Dow Jones Newswires.
IAG swings to profit as Iberia improves
International Airlines Group (IAG) swung to a second quarter profit as its Spanish carrier Iberia started to show signs of recovery, adding to the resilient performance of British Airways.
Brazilian airline Tam to fire 811
Brazilian airline TAM has agreed with its workers union to cut jobs of 811 pilots, co-pilots and flight attendants as part of a cost-cutting programme, reported Reuters.
Delta launches San Francisco-LA shuttle
Delta Air Lines is bringing its branded shuttle service to California, with 14 daily flights each way between San Francisco and Los Angeles, as part of an aggressive push by the world's second-largest airline into the huge but fragmented Los Angeles
Rethink needed amid ports slump
Conglomerate Hutchison Whampoa's disappointing performance in its port business in Guangdong and Hong Kong underlines a worrying prospect for trade flow in the factory of the world, according to industry players, reported the South China Morning Post.
New shipping routes on Dutch part of North Sea
The container shipping routing system in the Dutch part of the North Sea has been changed extensively. A number of Traffic Separation Schemes (TSS) have been revised and a new TSS has been introduced for the approaches to Amsterdam.
| | ZIM to launch new West Coast Central America service
ZIM is to launch a new service called Balboa Central America Express (BCA), connecting ports in the West Coast of Central America with ZIM's global ZIM Container Service Pacific (ZCP), via the port of Balboa in Panama.
Saudia Cargo re-launches Nairobi hub
Saudi Airlines Cargo has announced the re-launch of its Nairobi hub and expansion of its network coverage in sub-Saharan Africa.
Brazilian airport workers strike for higher wages
Thousands of Brazilian airport workers went on strike on Wednesday to demand higher wages, although contingency plans kept flights running on time, according to state airport agency Infraero.
HK airport slips to fifth place in world ranking
It used to be a high-flier, but if latest research is anything to go by, Hong Kong International Airport is no longer the best in the world, reported the South China Morning Post.
Record traffic reflects stable EU economy – IATA
European airlines have reported increased passenger traffic for the second month running reflecting a tentative improvement in the region's economy, the International Air Transport Association said, reported Dow Jones Newswires.
Lufthansa SCORE target too high, say analysts
German carrier Lufthansa is struggling to overcome market doubts it can achieve its ambitious target for profit growth in the face of cut-throat competition, a sluggish economy and entrenched labour, reported Reuters.
Russian tycoon wins case against GE aircraft leasing unit
Russian tycoon Alexander Lebedev has won a case against a General Electric Co unit over its handling of a deal involving seven Airbus A320 planes, reported Reuters.
Abertis sells UK's Luton Airport for $668m
Abertis Infraestructuras has agreed to sell London's Luton airport to Spanish airport operator Grupo Aena and AXA Private Equity in a deal that values the airport at US$668 million, reported Dow Jones Newswires.
Zhejiang city exports soar with new trade tactics
China didn't meet its eight percent export growth target last year, leaving many wondering if overseas sales could remain a driving force of the nation's economy.
China Cosco to sell family silver to parent
Shipping giant China Cosco Holdings is considering selling key property assets to its state-owned parent as part of the company's plans to return to profit this year, people familiar with the situation said.
MCC Transport launches Myanmar feeder service
MCC Transport has launched a new Myanmar service connecting the country's growing economy to global markets via transshipment in South East Asia.
Kerry mulls spinning off logistics unit
Kerry Properties intends to spin off its logistics arm in a Hong Kong listing, the firm said in a filing with the stock exchange, at a time when global trade is showing few signs of a strong recovery, reported the South China Morning Post.
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