Indonesian carrier undergoes restructuring
A new business plan and cost-cutting measures will be in place soon this year in a bid to salvage state-run Merpati Nusantara Airlines (Merpati), whose debts amount to US$630.5 million, reported The Jakarta Post.
China's first jet may be delivered in 2017
Delivery of China's first locally produced commercial jetliner will likely be delayed to 2017 at the earliest, a setback in the country's bid to become a global force in the aerospace industry, reported Dow Jones Newswires.
Toronto airport revenue dips to due to lower fees
The Greater Toronto Airports Authority reported revenues of US$520.8 million in the six-month period ended June 30, a $16 million reduction from the same period in 2012., reported Canada NewsWire.
Virgin America posts first quarterly gain in three years
Discount carrier Virgin America, which has piled up hundreds of millions of dollars of losses since it took wing six years ago, posted its first quarterly profit in almost three years as it slowed expansion and restructured its balance sheet, reported
Etihad plans more partnerships
Etihad Airways, which has aggressively expanded its global reach through codeshares and minority stake investments, expects to build alliances in China and the Americas as the Abu Dhabi-based carrier targets more double-digit growth in the years ahead,
Fraport Q2 profit beats expectations
Fraport, the operator of Frankfurt airport, reported a 10.5 percent boost in second-quarter core profit, beating expectations, reported Reuters.
Airbus overtakes Boeing in first seven months
A bulk order from low-cost carrier easyJet in July allowed Airbus to overtake US rival Boeing Co in order intake for commercial aircraft in the first seven months of this year, reported Dow Jones Newswires.
Hapag-Lloyd swings to profit in second quarter
German liner shipping company Hapag-Lloyd returned to profitability in the second quarter and strives for a positive operating result for the full year, reported Dow Jones Newswires. Net profit for the April-to-June quarter was US$27.
Agility Q2 profit up 50%
Kuwait-based logistics player Agility reported a net profit of US$40.37 million for the second quarter of 2013, up 50 percent over the same period last year. Revenues and EBITDA stood at $1.24 billion and $83.
| | China's express delivery volume surges
Express delivery volume soared more than 50 percent for the 28th consecutive month, according to China Federation of Logistics & Purchasing data, reported Xinhua. More than 3.
Online sales help double
Deutsche Post profit
Stronger revenue from online shopping deliveries and smaller one-time expenses helped mail, express delivery and freight company Deutsche Post DHL more than double its profit in the second quarter. Net profit rose to US$561 million from $260.
Expeditors Q2 earnings up on bigger margins
Expeditors International of Washington's second-quarter earnings rose 10 percent as the global logistics company reported stronger margins, despite a small decline in sales, reported Dow Jones Newswires.
C H Robinson Q2 profit slips on higher costs
C H Robinson Worldwide's second-quarter profit slipped 2.4 percent as the transportation and logistics company posted higher costs that masked revenue growth, reported Dow Jones Newswires.
Tough economy clips Virgin's wings
Virgin Australia Holdings is considering the sale and lease-back of aircraft to shore up its balance sheet after surprising the market with its second profit downgrade in three months, reported The Australian Financial Review.
AA-US Airways merger plan clears EU hurdle
The planned merger of American Airlines parent AMR Corp and US Airways Group received another green light when the European Commission said the deal could go ahead, subject to one concession that the parties earlier had offered which would resolve
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