Philippine carrier Cebu Pacific reported its net income for the first half of 2014 at PHP 3 billion (US$68.4 million), an increase from Php 257 million for the same period last year. Its Q2 2014 total revenues increased 33.7 per cent YoY to Php 14.95 billion. Cargo revenues posted an increase of 15.7 per cent as CEB carried 37 million of kilos of cargo, an increase of 17.7 per cent for the same period last year. Ancillary revenues grew 27.4 per cent to P2.2 billion driven by 6.4 … [Read more...] about CEB’s cargo revenues up by 15.7% in 1H 2014
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CEB’s cargo revenues up by 15.7% in 1H 2014
Philippine carrier Cebu Pacific reported its net income for the first half of 2014 at PHP 3 billion (US$68.4 million), an increase from Php 257 million for the same period last year. Its Q2 2014 total revenues increased 33.7 per cent YoY to Php 14.95 billion. Cargo revenues posted an increase of 15.7 per cent as CEB carried 37 million of kilos of cargo, an increase of 17.7 per cent for the same period last year. Ancillary revenues grew 27.4 per cent to P2.2 billion driven by 6.4 … [Read more...] about CEB’s cargo revenues up by 15.7% in 1H 2014
Turkish Airlines posts huge Q2 2014 profits
Turkish Airlines recorded 398 million TRY (US$182.49 million) net profit in the second quarter and 172 million in first half of 2014. Sales revenue increased by 37 per cent in the first half, reaching 11,3 billion TRY. Compared to the same period of 2013, sales revenue increased by 37 per cent (15 per cent in USD terms) reaching 11,3 billion TRY. Turkish Airlines recorded 495 million TRY operating profit and 398 million TRY net profit in the second quarter of 2014, completing the first half … [Read more...] about Turkish Airlines posts huge Q2 2014 profits
Thai eyes return to profits, begins restructuring
Thai Airways International said last week it expects to return to profit earlier than expected in the fourth quarter and will cut 1,500 jobs this year as part of a restructuring plan at the troubled national carrier. The loss-making carrier also said it would shed more than a quarter of its full-time employees by 2018, the first major job cuts announcement since the restructuring was approved last month. Thai Airways had previously said it planned to cut costs and prioritise certain … [Read more...] about Thai eyes return to profits, begins restructuring
Fitch affirms Alaska Int’l Airport System’s A+ rating
Fitch Ratings has affirmed the 'A+' rating on the State of Alaska's Alaska International Airport System (AIAS, or the system) approximately US$551 million of revenue bonds. The rating outlook for all bonds is stable. The rating reflects AIAS's strong market position for cargo activities, a monopoly for air service within the state albeit supported by a modestly sized traffic base, conservative debt structure, and management’s continued prepayment of debt. Cargo volume continues to … [Read more...] about Fitch affirms Alaska Int’l Airport System’s A+ rating
Fitch affirms Alaska Int'l Airport System's A+ rating
Fitch Ratings has affirmed the 'A+' rating on the State of Alaska's Alaska International Airport System (AIAS, or the system) approximately US$551 million of revenue bonds. The rating outlook for all bonds is stable. The rating reflects AIAS's strong market position for cargo activities, a monopoly for air service within the state albeit supported by a modestly sized traffic base, conservative debt structure, and management’s continued prepayment of debt. Cargo volume continues to … [Read more...] about Fitch affirms Alaska Int'l Airport System's A+ rating
