Good Week

RBC bearings,

which is getting a boost to its profile following its inclusion on the Nasdaq Global Select Market listing. To be included in this new section of the Nasdaq companies must fulfil strict market value, liquidity and earnings criteria. Fewer than a third of Nasdaq companies qualify. Michael Hartnett, chief executive of the US-based manufacturer of precision bearings, says the listing will "increase our market visibility as we continue to execute on our strategic growth plan".

 

Srilankan airlines,

which is bracing itself for a possible loss this year as renewed security concerns in the country hit revenues while high fuel prices are pushing up costs. Chief executive Peter Hill says the $15 million impact on first-half results could double by the end of next March. The carrier is being forced to look at markets such as India and the Maldives to fill empty seats as a large number of expatriate Sri Lankans have not been returning over the summer.

Bad week

 

"We should outlaw business class...pack them into economy rather than have the fat and overpaid flying around on flat beds after they've eaten and drunk fine wines."

ryanair chief executive michael o'leary explains how he would cut aviation emissions

 

O'leary



Source: Flight International

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