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Monday, May 19, 2008

Ethiopian Airlines says profits may hit record high

Ethiopian Airlines net profits for the first nine months of 2007/08 reached 484 million birr, the airline said in a statement late on Friday.

The state-owned carrier posted net profits of 129 million birr in 2006/07. The statement predicted that, based on the first nine months of 2007/08, the airline would achieve a record net profits and revenues.

Expenses for the same period rose by 21 percent, the brunt of which Chief Executive Girma Wake said was spent on fuel.

"Fuel price remains of concern to the industry as a whole and Ethiopian believes that costs will continue to escalate into the next quarter given the present trend in price of fuel," Wake said.

Revenues for the period rose 29 percent to 6.6 million birr, he said. The airline transported 1.9 million passengers, a 19 percent increase on last year.

Wake said the improvements in revenue and traffic were due to increased frequency of flights, the introduction of new routes and an increase in cargo revenue.


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Sunday, November 04, 2007

BA sees pre-tax profits soar

British Airways said pre-tax profits soared by more than a quarter to £593 million in the first six months of its financial year. (page not found)

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Thursday, November 01, 2007

Strong travel demand boosts profits at Singapore Airlines

Buoyant travel demand has raised net profits at Singapore Airlines (SIA) by 73.2 percent in the three months to September compared with the same period a year ago, the airline said Wednesday.

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Malaysia Airlines eyes record earnings in 2007, predicts drop in fares

Malaysia Airlines said Wednesday it aims to post record earnings this year after a business revamp, and expects to cut fares by up to 7 percent in the next few years.

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Thursday, October 25, 2007

China Southern Airlines reports 49 pct jump in 3Q net profit

China Southern Airlines Co. Ltd., the country's largest carrier by fleet size, reported a sharp rise in third quarter net profit Thursday, but gave no reason for the increase.

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Wednesday, October 24, 2007

JetBlue Q3 Profit Jumps to $23 Million

JetBlue Airways Corp. shares rose more than 5 percent Tuesday after the low-cost carrier reported its first third-quarter profit in two years as it added planes and packed them fuller with passengers.


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Friday, October 19, 2007

Continental Airlines profit edges higher

Continental Airlines Inc. said Thursday that international travel supported a slim rise in third-quarter profit, moderated by a charge related to pilot pension-plan settlements.

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Tuesday, October 09, 2007

Air France-KLM says traffic rose 5.3 percent in September

Air France-KLM, the world's largest airline by revenue, said Monday that its passenger traffic rose 5.3 percent in September after the company boosted capacity.

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Wednesday, August 29, 2007

Air China Net Rises Threefold on Business Travelers

Air China Ltd., the world's biggest airline by market value, said first-half profit jumped more than threefold as the country's surging economy spurred demand for business travel.

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Friday, August 17, 2007

Jetstar pushes Qantas to a $1b profit

Qantas yesterday gave a billion reasons why its 141,000 shareholders rather than a five-strong group of private equity players should own the Flying Kangaroo.

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Saturday, August 04, 2007

BA rises above troubles as earnings hit £289m

Troubled airline British Airways has seen a big improvement in its profits, although it warned that full-year revenue was expected to slow.

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Wednesday, August 01, 2007

Ryanair profit growth slows on lower fares

Ryanair Holdings Plc, Europe's biggest discount airline, reported the slowest increase in quarterly profit in a year after the carrier slashed ticket prices to attract passengers.

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Friday, July 20, 2007

Delta profit beats Street forecast

Delta Air Lines Inc. cited a 5.5 percent gain in sales as it reported today that it swung to a profit in the second quarter, which saw it emerge from bankruptcy after shaving billions of dollars in costs. (page not found)

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Southwest Airlines hit by labor costs, fuel prices

Southwest Airlines reported a 17 percent drop in second-quarter profit Wednesday and blamed high fuel prices and labor costs for the disappointing results. (page not found)

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Thursday, May 24, 2007

Air France-KLM profit rises 32 per cent

Air France-KLM has announced a plan to save 1.4 billion euros over three years after it posted a 32.5 per cent rise in profit for the 06-07 operating year. (page not found)

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Friday, April 20, 2007

Gol Air cuts profit outlook up to 25 per cent as demand falls

Latin America's largest market value carrier has cut its profit forecast this year as much as 25 per cent as demand for air travel in Brazil drops due to widespread airport delays.

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Tuesday, March 27, 2007

Delta sees end to bankruptcy woe

Delta Airlines has said that it expects to emerge from bankruptcy by late April and would operate with a profit this year.

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Thursday, March 01, 2007

AirAsia chalks up best quarterly results

AirAsia has recorded its best quarterly results, with net profits surging 192.7 per cent to RM150.1 million from RM51.3 million.

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Wednesday, February 21, 2007

Frills add substance for Virgin

Virgin Blue's shift from being purely a low cost carrier is proving to be a lucrative move, with the airline predicting a 60 per cent rise in annual profits.

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Wednesday, February 07, 2007

EasyJet predicts 50% growth in profits

EasyJet's first quarter revenues have risen 15 per cent, with passenger numbers rising by 10 per cent, as it joins its close rival Ryanair in predicing a strong financial performance this year.

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