Malaysian Air narrows Q2 losses
Malaysian flag carrier Malaysian Airline System narrowed its net loss in the second quarter from a year earlier, driven by stronger rise in passenger traffic and cost-cutting measures, reported Dow Jones Newswires.
Auckland Airport annual profit up 25%
New Zealand's Auckland International Airport posted a 25.1 percent rise in annual profit, on the back of higher passenger numbers and aircraft movements, reported Reuters. Net profit was US$141.
LATAM Airlines post $329.8m loss due to weaker real
Latin America's largest carrier, LATAM Airlines, posted a net loss of US$329.8 million in the second quarter, stung by a weaker Brazilian real and higher costs, reported Reuters.
ANA rebrands low-cost airline
All Nippon Airways said its low-cost-carrier venture will be reborn as Vanilla Air in November, as it looks to navigate the increasingly crowded budget-airline market on its own, reported The Wall Street Journal.
Felixstowe port passes
70m TEU milestone
The Port of Felixstowe passed another milestone today when it handled the 70th million TEU since container operations began at the port in the mid-1960s.
US tax proposal threatens Canadian ports
As Canadian port executives meet in Nanaimo, BC, for their annual conference, they are keeping an eye on two US senators who are proposing new legislation to cut down on the container traffic choosing Canadian ports over American ones, reported The Globe
Cosco mulls leasing venture with fall in ship prices
Shipping services company Cosco International may miss a golden opportunity to enter the leasing business if it does not strike a deal soon with its parent China Ocean Shipping (Group), since a recovery in global trade is likely to push ship prices up
Damco adds Myanmar to its supply chain
Damco has commenced offering its customers access to the frontier market of Myanmar, after being granted a permanent licence in July to operate under its own legal entity in the country, making the company one of the first supply chain solution providers
Sojitz and L&T consortium to build India rail corridor
Larsen & Toubro's consortium with Japan's Sojitz has bagged an order to build a double track rail corridor from Rewari in Haryana to Iqbalgarh in Gujarat, via Rajasthan, reported The Economic Times.
| | Asciano annual profit up 41%
Australian rail and port operator Asciano posted a higher full-year profit, bucking a downturn in the nation's coal industry as the company signed new contracts even as coal prices plunged to multiyear lows, reported Dow Jones Newswires.
Menzies acquires two firms to expand footprint
Menzies Aviation, the aviation services subsidiary of John Menzies, announced two acquisitions as part of its strategy to expand the business in attractive growth markets.
Brazil airline Azul scraps IPO
Azul Linhas Aéreas Brasileiras, Brazil's third-biggest airline, has given up plans for an initial public offering due to adverse market conditions, reported Reuters.
China Southern plots new routes for A380s
China Southern Airlines is hoping to squeeze profits from its under-performing Airbus A380 fleet by expanding to more international routes, including flights to Sydney, reported Dow Jones Newswires.
Gothenburg port exports rise
The number of export containers passing through the Port of Gothenburg increased by four percent through to the end of June. At the same time, imports fell by one percent.
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