Airline Finance News - Asia / Pacific.Dec 4, 2006 Kingfisher Airlines Kingfisher Airlines Limited is an airline based in Bangalore, India. It is a major Indian luxury airline operating an extensive network to 34 destinations, with plans for regional and long-haul international services. Kingfisher Airlines posted a INR INR In currencies, this is the abbreviation for the Indian Rupee. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.07 billion ($23.9 million) loss for the first six months of its fiscal year ended Sept. 30, The Economic Times reported. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Vijay Mallya said Indian LCCs are undercutting the market by offering low fares from which even the LCCs cannot earn profits. He has complained formally to India's Directorate General of Civil Aviation, writing in a letter to the agency that the fares are "not sustainable" and that "cash losses will only keep mounting." Dec 1, 2006 Malaysia Airlines Malaysia Airlines, leaner, turns it around, posts $66 million profit. Malaysia Airlines' Business Turnaround Plan, which included the ceding cede tr.v. ced·ed, ced·ing, cedes 1. To surrender possession of, especially by treaty. See Synonyms at relinquish. 2. of a significant chunk of its domestic network to AirAsia, is working "ahead of schedule," the carrier said yesterday as it reported its first three-month profit in more than a year, a MYR MYR In currencies, this is the abbreviation for the Malaysian Ringgit. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 240 million ($65.7 million) windfall that stands in stark contrast to a MYR366 million loss in the third quarter of 2005. Nov 29, 2006 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Nov 13, 2006 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion