Singapore Airlines (SIA) has said its fourth quarter net profit soared more than six-fold as the global economic rebound boosted travel and cargo demand. Net profit in the three months to March was S$278 million (US$197.5 million), up from $42 million in the same quarter the year before, the company said in a statement. Together with the $404 million net profit in the third quarter, the fourth quarter earnings reversed $466 million in losses recorded in the financial first half. The airline … [Read more...] about Singapore Airlines’ Q4 net profit up six-fold
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Dubai Int’l grows April cargo, pax despite ash
The volcanic ash cloud that grounded flights around the world for six days last month had a minimal impact on growth at Dubai International as April cargo and passenger numbers rose 19.6 and 13.9 per cent respectively, year-on-year. The airport handled 178,357 tonnes of cargo in April and 3.9 million passengers. … [Read more...] about Dubai Int’l grows April cargo, pax despite ash
BAWC gets 4Q boost and full-year profit
British Airways World Cargo (BAWC) has reported commercial revenue (flown revenue plus fuel surcharges) of £550.3 million (US$790 million) for the full year beginning April 2009. This represents a decrease of 18.2 per cent against the same period last year. Excluding the impact of favourable exchange rate movements, commercial revenues were down 26.1 per cent. Volumes of 4.5 million cargo tonne kilometres (CTKs) for the full year represent a decrease of 2.2 per cent versus the previous 12 … [Read more...] about BAWC gets 4Q boost and full-year profit
New UK government kills third Heathrow runway
The UK's new coalition government indicated last week that it will cancel plans for a third runway at London Heathrow and refuse additional runways at Gatwick and Stansted, stating that it is committed "to implement a full programme of measures to fulfil our joint ambitions for a low carbon and eco-friendly economy." … [Read more...] about New UK government kills third Heathrow runway
Emirates, DHL form security partnership
Emirates and DHL have signed a Memorandum of Understanding (MOU) to establish a strategic security partnership to enhance air cargo security in the region. Through this partnership, Emirates Group Security and DHL Express will strengthen their collaboration in air cargo security, share best practices and information on security threats, and promote joint training and educational activities. The MOU will enable Emirates Group Security and DHL Express to work more closely together in areas of … [Read more...] about Emirates, DHL form security partnership
Positive revenue growth for US carriers
The Air Transport Association of America (ATA) reported that passenger revenue, based on a sample group of carriers, rose 12.5 per cent in April 2010 versus the same month in 2009, marking the fourth consecutive month of revenue growth. “The April jump in passenger revenue is a positive sign, and one showing that the US industry is recovering gradually from last year’s severely depressed levels,†said ATA president and CEO James C. May. US airlines saw cargo traffic, as … [Read more...] about Positive revenue growth for US carriers
