Airline Finance News - Asia / Pacific.Jun 25, 2007 Chinese airlines posted a collective profit in May, although the exact figure has yet to be released, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a monthly report from CAAC CAAC Civil Aviation Administration of China CAAC Civilian Agency Acquisition Council CAAC Capital Area Activities Conference (Lansing, Michigan, USA) CAAC Clean Air Action Corporation CAAC Citizens' Action Against Crime . The industry's operating revenue operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. rose 10.9% from the year-ago month to CNY CNY In currencies, this is the abbreviation for the China Renminbi. 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. 21.08 billion ($2.76 billion) against a 2.6% lift in expenses to CNY19.94 billion. Local industry analysts credited a drop in domestic oil prices and the "strong Chinese domestic air transport market" for the improved performance. It was reported that Chinese Oil Co. implemented a cost reduction of CNY90 per ton from April 1, which followed drops of CNY180 on Jan. 1 and CNY90 on Jan 14. Jun 21, 2007 Japan Airlines Japan Airlines aims to speed up work force cuts to improve profitability and will trim 4,300 jobs by April 2009, a year earlier than planned, sources familiar with the matter said on Friday. The number of jobs being cut may also be increased, they said. JAL JAL Jalisco (Mexican state) JAL Jalapa (Guatemala territorial division) JAL Jump And Link JAL Japan Airlines Company, Ltd. unveiled a business plan earlier this year under which it vowed to reduce its interest-bearing debt through the sale of non-core assets. It also needs capital to slash jobs and procure more efficient aircraft to help it keep up with domestic rival All Nippon Airways. Jun 22, 2007 Jet Airways Jet Airways (India) Ltd. is an airline based in Mumbai, India, operating domestic and international services. It operates over 330 daily flights to 50 destinations across the country and 6 overseas. India's Jet Airways will consider a rights equity issue on June 26 to raise up to USD USD In currencies, this is the abbreviation for the U.S. Dollar. 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. $400 million as it seeks to expand overseas and re-haul a recent acquisition. Jet, which has nearly a third of the Indian market, is launching more overseas routes in the face of growing competition in the fast-expanding domestic aviation market. An estimated 35 million domestic passengers took to the skies in the fiscal year to March 2007, an increase of 39 percent from the previous year, on the back of cheap fares and new flights. The market is forecast to expand at more than 20 percent a year to 2010. Jun 19, 2007 Jet Airways, Air Sahara, JetLite Jet Airways , which acquired domestic carrier Air Sahara in April for 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. 14.5 billion rupees (USD$356 million), has said it would raise up to USD$400 million for its international expansion and aircraft acquisition plans, as well as to overhaul Sahara. Sahara, now named JetLite, operates as a discount carrier. Jun 19, 2007 Malaysia Airlines Malaysia Airlines has hedged 61 percent of its fuel requirement for this year at USD$60 per barrel, a company official said on Monday. "For 2008, we are about 18 percent hedged at around USD$62 (per barrel)," MAS Chief Financial Officer Tengku Azmil Zahruddin said. London Brent crude Brent Crude is one of the major classifications of oil consisting of Brent Crude, Brent Sweet Light Crude, Oseberg and Forties. Brent Crude is sourced from the North Sea. The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum. for August delivery, now seen as the most representative for the global oil market, traded above USD$71 on Monday. A 16 percent fuel price increase in 2006 was mitigated by hedging and a reduction in volume consumed, resulting in a fuel cost increase of only 2.8 percent, the airline has said. Like many of its Asian rivals, the carrier got hit by record high oil prices. The airline is also battling with fierce competition at home from budget airline AirAsia. Jun 18, 2007 Thai Airways Thai Airways said its board decided to cancel its contract to manage Shah Amanat International Airport Shah Amanat International Airport (IATA: CGP, ICAO: VGEG), named after an Islamic saint, serves Bangladesh's south-eastern port city of Chittagong. It was formerly known as MA Hannan International Airport but was renamed on 2 April 2005 by the Government of in Chittagong "due to delay of handover n. 1. The act of relinquishing property or authority etc. to another; as, the handover of occupied territory to the original posssessors; the handover of power from the military back to the civilian authorities s>. [of] the airport to Thai according to the contract." The carrier was supposed to take control more than a year ago. Jun 18, 2007 ZZ Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new service that keeps travelers informed on flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Air Travel Media / Pyramid Media Group. All rights reserved. |
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