China Southern Airlines says 1Q profit down 71 percent as travel demand weakens

September 20th, 2009 China: Profit at state companies down last yearBEIJING — Profit at China's top state-owned companies fell 30 percent last year, hurt by the global financial crisis, but assets have increased. The 141 banks, airlines, oil producers and other companies controlled by the central government reported net profit of 696.18 billion yuan ($102 billion) last year, down 30.8 percent from the previous year, the official Xinhua News Agency said Sunday.

September 8th, 2009 DOT releases airline delay list for AugustThe percentage of airline flights in August that arrived within 15 minutes of schedule, according to the U.S. Transportation Department: 1.

August 27th, 2009 Heico 3Q profit falls as air travel slumpsHOLLYWOOD, Fla. — Aerospace and defense company Heico Corp.

July 21st, 2009 Southwest Airlines posts 2Q profitDALLAS — Southwest Airlines Co. broke a string of three straight losing quarters by scratching out a small profit in the April-June period despite a downturn in travel.

July 21st, 2009 China says profit at state companies downBEIJING — Profit at China's top state-owned companies fell 26.2 percent in the first half of the year but the decline is easing amid massive government stimulus spending, a state news agency reported Tuesday. The 136 banks, airlines, oil producers and other companies controlled by the central government reported total profit of 316 billion yuan ($46 billion) from January to June, the Xinhua News Agency said, citing the director of Cabinet's State-owned Assets Supervision and Administration Commission.

July 16th, 2009 IATA: Premium air travel down 23.6 percent in MayMINNEAPOLIS — Global airline passenger travel dropped faster in May than in the previous months, a trade group reported on Thursday, suggesting that things are not getting better for air carriers. The number of passengers flying on premium tickets fell 23.6 percent in May compared with May 2008, according to the International Air Transport Association.

July 15th, 2009 Air China forecasts 50 percent profit riseBEIJING — Air China Ltd., one of China's three major state-owned carriers, said Wednesday it expects first-half profits to rise at least 50 percent from a year earlier as it recovers from a huge 2008 loss. The Beijing-based airline said its first-half 2008 profit was 1.3 billion yuan under Chinese accounting standards, which would make its profit from January to June this year at least 1.9 billion yuan ($284 million).

July 13th, 2009 China Eastern Airlines to acquire local rivalBEIJING — China Eastern Airlines Corp., one of China's three major state-owned carriers, will acquire a local rival, the companies announced Monday, as money-losing China Eastern tries to boost its competitiveness. China Eastern, based in Shanghai, will acquire Shanghai Airlines Co.

May 14th, 2009 Singapore Airlines profit plunges as demand wanesSINGAPORE — Singapore Airlines Ltd. said its January-March profit plunged 92 percent as travelers cut down on trips amid a global economic slowdown.

April 28th, 2009 Asia-Pacific airlines post $4.3 bln losses in 2008KUALA LUMPUR, Malaysia — Asia-Pacific airlines suffered deeper-than-expected losses of $4.3 billion last year due to sharply higher fuel costs and dwindling demand amid the global economic slump, an industry group said Tuesday. The Kuala Lumpur-based Association of Asia Pacific Airlines said combined revenue for its 17 members rose 6 percent in 2008 to $103 billion, but failed to keep pace with higher fuel costs.

April 28th, 2009 China Eastern Airlines: 1Q net profit down 81 pctSHANGHAI — China Eastern Airlines said Tuesday that its net profit fell 81 percent in the first quarter from the same period a year earlier as passenger traffic fell amid the economic slowdown. The 40.1 million yuan ($5.9 million) net profit in January-March compared with 210.8 million yuan earnings in the first quarter of 2008.

April 21st, 2009 Japan Airlines mulls state loans as travel slumpsTOKYO — Japan Airlines Corp., Asia's biggest carrier by sales, said Tuesday it is considering applying for government loans to cope with slumping travel demand amid the global downturn. The airline, also known as JAL, may get loans from the state-run Development Bank of Japan to boost its cash flow.

April 20th, 2009 China Telecom 1Q profit down 27.4 percentBEIJING — China Telecom Ltd. said Monday its first quarter profit plunged 27.4 percent as demand for traditional fixed-line telephone services weakened.

January 26th, 2009 NEW DELHI - Travel agents across the country will launch a fresh round of protests Jan 30 against those foreign carriers which have refused to pay them commission, an agents body said Tuesday. Travel Agents Association of India (TAAI) president Rajender Rai told IANS that 12 foreign airlines, including Singapore International Airlines (SIA), were not paying commission to the agents.

January 1st, 2009 NEW DELHI - Travel agents have stopped selling tickets of Singapore Airlines and threatened to extend the ban to other foreign airlines as well if they did not pay commission on tickets booked by them, an association representing them said Friday. 'We have stopped issuing tickets of Singapore Airlines.