All articles by Alfred Chua – Page 31
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NewsTourism recovery keeps Thai carriers in the black
Thailand’s two full-service operators, Thai Airways International and Bangkok Airways, remained profitable in the second-quarter earnings, helped by a rebound in tourism, especially following the reopening of China’s international borders.
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NewsPAL promises ‘major’ product, digital revamp as Q2 profits increase
Philippine Airlines (PAL) is to double down on improving its product offerings, as the carrier improved its quarterly profit on the back of continued demand recovery.
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NewsSIA, Cathay, and Vietjet ramp up Australian capacity
Several Asian carriers are set to increase flying to Australia, with Singapore Airlines upgauging capacity on a number of key routes into the country, as part of a broader network ramp-up.
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NewsChina’s ‘Big Three’ still expected to be loss-making in 2023: HSBC report
China’s three largest airlines are expected to be in the red in 2023, despite improving recovery prospects and the likelihood of a small profit in the second-half of the year, a HSBC Global Research report notes.
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NewsST Engineering aerospace profit holds steady amid continued recovery
ST Engineering’s commercial aerospace unit remained profitable for the half year, on the back of a significant jump in revenue led by “continued strong recovery”.
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NewsChina eases group travel ban to Australia, UK, USA, Japan
China has scrapped a ban on outbound group travel to over 70 countries, including to major economies like the USA, UK, Japan, India and South Korea.
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NewsCebu Pacific flags supply chain, weather woes amid second-quarter profit
Cebu Pacific remained in the black for a second consecutive quarter, though it has acknowledged the “significant operational headwinds” which has “tempered” its recovery and growth outlook.
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NewsIHI aerospace unit flags unstable supply chain amid five-fold profit jump
The aerospace business of Japanese conglomerate IHI reported a five-fold jump in first-quarter profits, as it warns of instability in the global supply chain which could impact engine MRO work.
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NewsCathay to exercise A320neo purchase rights as it eyes full fleet recovery by mid-2024
Hong Kong’s Cathay Pacific Group is to exercise purchase rights on 32 more Airbus A320neo family aircraft, marking its first aircraft commitment since the pandemic.
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News‘We are on the right track’: Cathay posts first half-year profit in three years
Cathay Pacific Group rebounded to profitability in its half-year financial results, amid a strong rebound in passenger traffic following the reopening of Hong Kong’s borders.
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NewsAirAsia X, Batik Air Malaysia eye Central Asia foray
Malaysian regulators have awarded air traffic rights for flights to Central Asia to Batik Air Malaysia and AirAsia X, as it records an uptick in applications against pre-pandemic 2019.
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NewsMitsubishi Heavy sees ‘striking growth’ in defence order intake as Q1 profits hold steady
Mitsubishi Heavy Industry’s (MHI) defence and space division recorded “striking growth” in quarterly order intake, as it booked “several large projects” in line with the Japanese government’s increased defence spending.
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NewsPhilippine Airlines appoints new finance chief
Philippine Airlines has appointed Anna Isabel Bengzon as its new chief financial officer.
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NewsJAL rebounds to first quarter profit as passenger revenues surge
Japan Airlines Group swung back to profitability in its fiscal first quarter, amid an uptick in passenger revenues past pre-pandemic levels.
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NewsJet Airways revival back on track with AOC renewal
India’s Directorate General of Civil Aviation (DGCA) has renewed the air operator certificate of grounded Jet Airways, following months of uncertainty over the airline’s revival.
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NewsAkasa ‘still on track’ for international debut, ‘100 plus’-aircraft order: CEO
Indian low-cost carrier Akasa Air is “still on track” to announce a potential order for at least 100 new aircraft – and announce its first international routes – by the end of the year.
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NewsANA parent swings to quarterly profit on strong passenger travel demand
ANA Holdings rebounded to profitability in its first-quarter earnings, helped by a jump in revenues led by strong passenger travel demand across international, domestic and low-cost networks.
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NewsAirAsia units tap international ‘resurgence’ as passenger volumes double
AirAsia Aviation carriers are to reallocate more capacity to their international networks, amid a “resurgence” in demand in international travel.
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NewsSIA Group targets 90% pre-pandemic capacity by March in network rejig
Singapore Airlines Group expects to ramp up capacity to several parts of its network from the end of the year, as it targets operating at around 90% pre-pandemic capacity by March 2024.
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NewsSIA Group profit jumps in first quarter but warns of increasing competition
Singapore Airlines Group improved its first-quarter operating profit on the back of strong travel demand, though it warns that competition “is expected to intensify” in the coming months as international capacity grows.