Japan Airlines shares skyrocketed on Monday after the government agreed to expand a financial lifeline to the troubled carrier, easing fears that it might file for bankruptcy. JAL stock soared 24 yen, or 35.8 per cent, to 91 by the lunch break as investors welcomed Tokyo’s decision at the
Posts Tagged ‘airlines’
SIA to add flights to US, India on demand
December 16th, 2009 |
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Singapore Airlines, the world’s second-biggest carrier by market value, plans to add flights to the US and south Asia amid a revival in travel demand.
Singapore-to-Newark will return to a daily service from the current five-times-a-week starting Jan 19, the airline said in a stock exchange statement today. Extra Mumbai and New Delhi flights will be added from March and June respectively, it said.
Singapore Airlines – Corporate moves
December 4th, 2009 |
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Dr William Fung Kwok Lun has been appointed independent director/audit committee member wef Dec 1
Work experience: Group MD, Li & Fung Ltd; non-ED of various companies within the Li & Fung group of companies
Vietnam Airlines signs deal for 4 Airbus A380s
November 13th, 2009 |
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Vietnam Airlines has agreed to buy six new aircraft, including four Airbus A380 superjumbos, from Airbus in a deal worth almost $1.8 billion. Vietnam Airlines will be the first new customer for the A380 aircraft since 2006, according to a list of deals signed between France and Vietnam
Airlines pledge to cut emissions: Almost virtuous
September 24th, 2009 |
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The aviation industry is promising a greener tomorrow
AS BOSS of British Airways, Willie Walsh has received more brickbats than bouquets lately. So he must have been delighted with the headlines he attracted this week. Addressing the United Nations climate-change meeting in New York on behalf of IATA, the trade body for airlines, Mr Walsh promised that by 2050 the industry would cut its carbon emissions to 50% of 2005 levels.
It would do so, he said, through technological innovation, more efficient operations and economic instruments, such as emissions trading. Given that the industry, which is already responsible for nearly 3% of global emissions, expects to grow by about 5% a year between now and then, it was a remarkable statement. How seriously should it be taken? …
SIA faces more hedging losses, Morgan Stanley says
August 7th, 2009 |
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Singapore Airlines, the world’s second-largest carrier by market value, may report fuel-hedging losses in the next six or seven quarters as contracts come due, according to Morgan Stanley.
The airline will probably suffer losses if jet-kerosene prices stay at US$78 (S$112) a barrel, analysts Chin Lim, Sophie Loh and Pey Herng Yap wrote in an Aug 6 report. The carrier made a fuel-hedging loss of $287 million in the quarter ended June.
India’s struggling airlines: Flight to value
August 6th, 2009 |
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Airlines in India are stalling under the weight of high taxes and overcapacity
“FLY the good times,” urges the slogan of Kingfisher airlines. But for India’s commercial-aviation industry, these are far from good times. On July 31st the Federation of Indian Airlines (FIA) threatened a one-day strike to put pressure on the government to save its seven members from going bust. As the government mulls a bail-out for one of them, the moribund state-owned Air India, the FIA is demanding that it also help privately owned airlines by lowering taxes on jet fuel, which are especially high in India. In response, the government warned airlines against inconveniencing passengers and offered talks. The FIA said it would put the strike, scheduled for August 18th, “on hold”.
Until recently India’s private-sector airlines, which carry more than 80% of domestic passengers, were lauded as a symbol of the country’s spectacular economic growth. But growth began to stall in 2007, when rapidly rising fuel prices pushed up fares and the economy slowed. In the first half of this year, airline passenger numbers fell by 8% to 21.1m. Last year India’s aviation industry lost more than $2.5 billion—about 25% of total world airline losses despite accounting for only 2% of global traffic. This year is set to be as bad. …
SIA sees full-year loss if tough conditions last
July 30th, 2009 |
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Singapore Airlines (SIAL.SI), the world’s second largest airline by market value, sees a full year loss if tough conditions continue but said its cash position remains strong and it does not need to raise capital.
SIA posted today its first quarterly loss in six years as the global recession hit passenger and cargo demand, and said the outlook for air cargo remains challenging.
SIA posts $307m loss in 1Q
July 30th, 2009 |
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Singapore Airlines says the combination of the global economic downturn, the outbreak of Influenza A (H1N1) and fuel hedging resulted in a loss of $307 million for the first quarter ended June 2009.
This is the first quarterly loss since the SARS crisis in 2003.
Smell Of Smoke Forces American Airlines Flight To Make Emergency Landing
July 25th, 2009 |
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BOSTON — An American Airlines flight bound for San Juan, Puerto Rico, has returned to Boston for an emergency landing about an hour after takeoff after a spokesman says the smell of smoke was discovered in a rear bathroom.
American Airl…