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Low Cost Airline News - Asia / Pacific.


Dec 4, 2006

AirAsia

AirAsia traffic, operating profit Operating profit (or loss)

Revenue from a firm's regular activities less costs and expenses and before income deductions.


operating profit

See operating income.
 rise on domestic network takeover. AirAsia reported 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.
5.7 million ($1.6 million) in net income for its fiscal first quarter ended Sept. 30, reduced from an MYR8.7 million profit in the year-ago quarter, a 34.5% drop the airline attributed to more than MYR5 million in deferred taxation that negatively impacted otherwise strong results. Dec 1, 2006

Virgin Blue, Toll Holdings

Australia's Toll Holdings, which acquired a 62% interest in Virgin Blue last spring when it bought former stakeholder Patrick Corp., said yesterday that a review of the acquisition "confirmed...that the investment offered further value enhancement for Toll shareholders and that this would remain the company's focus." Toll MD Paul Little Paul Little (born 1957) is a New Zealand writer and editor.

Little was born in Auckland, New Zealand, and privately educated at Catholic schools. He attended the University of Auckland from 1975, attending Law School for one week in 1976 and graduating in 1978.
 said that an active fuel hedging Fuel hedging is the practice, often employed by airline companies, of making advance purchases of fuel at a fixed price for future delivery to protect against the shock of anticipated rises in price. See also
  • Hedging
 program and customer-focused improvements, as well as the recent E-170/190 order, signal "some exciting prospects" at the carrier, including possible transpacific trans·pa·cif·ic  
adj.
1. Situated on or coming from the other side of the Pacific Ocean.

2. Spanning or crossing the Pacific Ocean.
 services. Toll also will give Blue a "pivotal" role in its airfreight air·freight  
n.
1. A system of transporting freight by air.

2. The amount charged for transporting freight by air.



air
 business. Nov 29, 2006

Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com

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Nov 13, 2006
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Publication:Airguide Online
Date:Dec 4, 2006
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