Posts Tagged ‘Airline’
LAN Airlines Reports Net Income of US$76.1 Million for First Quarter 2012
LAN reported net income of US$76.1 million for first quarter 2012, a decrease of 21.8% compared to the US$97.2 million reported in first quarter 2011. Results this quarter were impacted by a 14.7% increase in fuel prices and a ...
Thai Air Reports Stronger Q1 Profit
Thai Airways on Friday reported a surge in quarterly net profit on the back of a recovery in passenger traffic. Thailand’s flag carrier posted a January-March net profit of THB3.6447 billion baht (USD$117 mi...
Emirates Urges Boeing To Move Fast On 777
Emirates has urged Boeing to make up its mind quickly on plans for an enhanced version of the wide-body 777, predicting it would be a success in the market. Emirates’ president Tim Clark also warned Boeing r...
IAG Q1 Loss Doubles On Fuel Prices
International Airlines Group formed by the merger of British Airways and Iberia, said first quarter losses more than doubled as higher fuel costs and weakness in Spain undermined strength in premium long-haul trav...
LAN Launches Share Swap To Take Over TAM
Chile’s LAN Airlines said it had launched a share swap offer in the final stage of its takeover of Brazil’s TAM to create LATAM Airlines Group, the largest carrier in Latin America and one of the worldR...
Emirates 2011 Profit Sags 72 Percent
Dubai’s flagship carrier Emirates reported a 72 percent drop in 2011 profits on Thursday as high fuel prices accounted for 40 percent of the Gulf carrier’s costs. Emirates made a profit of AED1.5 billi...
