Emirates benefits from expansion
©Reuters Emirates airline’s net profit surged 52 per cent to $622m in the year to the end of March as the Dubai government-owned carrier underwent its biggest expansion. Reporting its…
Delta shows strength with dividend pledge
Delta Air Lines underlined its growing financial strength on Wednesday when it announced that it planned to resume dividend payments for the first time since 2003. The company, the US’s…
National Express eyes German rail tenders
National Express underlined its focus on expanding its position in Germany, as it looked to build on its initial success in Europe’s largest rail market by bidding for new tenders…
Qatar eyes Bankia stake in parent of BA
Qatar has sounded out International Airlines Group about becoming the largest shareholder in the parent of British Airways and Iberia by buying a stake held by Bankia, the troubled Spanish…
Shareholders back new Lufthansa chairman
Lufthansa’s outgoing chairman attacked as deplorable a “foreign” interpretation of good corporate governance, as shareholders backed the airline’s choice of a former chief executive to replace him despite calls from…
Hong Kong dockers end strike action
©Bloomberg A month-long strike that pitted Hong Kong dock workers against Asia’s richest man has ended with the strikers accepting a 9.8 per cent pay rise, much less than the…
Lufthansa switches course on new chairman
Lufthansa said on Monday it would press ahead with moves to install Wolfgang Mayrhuber, the airline’s former chief executive, as chairman, just hours after saying he had withdrawn his candidacy…
Institutional investors back EasyJet order
Leading institutional investors at EasyJet are backing a new growth phase at the budget airline with an aircraft deal for as many as 200 jets, even though the company’s largest…
Arriva in northern rail services plan
Deutsche Bahn, the German state-owned rail operator, is seeking to start passenger services on the West Coast mainline that would put it in competition with incumbent Virgin Rail. Arriva, DB’s…
Losses widen at Air France-KLM
Air France-KLM on Friday reported a worse than expected operating loss for the first quarter of 2013, although it was able to highlight some progress with its cost-cutting programme. The…
Lufthansa sticks to guidance despite loss
Lufthansa on Thursday stuck to its guidance to generate more operating profit this year than last, as the airline company’s first-quarter results fell short of expectations. The German group reported…
Lufthansa agrees pay deal with union
Lufthansa said it had reached agreement on a pay deal with the union representing 33,000 of its staff, averting further industrial action after a series of debilitating strikes grounded flights…
Ukip ‘fruitcakes’ make parties nervy
©Guzelian Ukip supporters outside the party’s by-election campaign shop in Wellgate For a party with no MPs and few councillors, the UK Independence party is getting a lot of attention…
Loss-making Sealine put in administration
By John Murray Brown Sealine International, the Kidderminster-based luxury yacht builder, has been put into administration. A spokesman for administrator Baker Tilly said it was looking for buyers for the…
Dreamliner grounding hits carriers’ profits
The grounding of Boeing’s 787 Dreamliner is expected to shave more than $100m off the combined operating profits of All Nippon Airways and Japan Airlines, the two carriers indicated on…