Trends - airline - Business Recorder

airline

Saudi Arabia considers transferring state airline Saudia to PIF

DUBAI: Saudi Arabia is considering transferring ownership of national carrier Saudia to the sovereign wealth fund,...

Published 28 Mar, 2024 06:30am

Opinion

South Asia towards greater regional air connectivity: Prospects and challenges

Air connectivity in South Asia needs a 360-degree vision. At the same time, air connectivity in the region will not...

Published 08 Oct, 2023 03:12am

Pakistan

Lahore and Urumqi: China Southern Airlines resumes flight

Islamabad: China Southern Airlines on Tuesday resumed flight between Lahore, Pakistan and Urumqi, China. To...

Published 14 Jun, 2023 06:21am

Business & Finance

Lufthansa expects summer boom as Q1 net loss narrows

FRANKFURT: German airline Lufthansa said Wednesday it had reduced its net loss for the first quarter, as pent-up...

Published 08 May, 2023 06:40am

World

Saudi plane hit by gunfire in Sudan unrest: airline

RIYADH: A passenger plane preparing to take off from Sudan for Saudi Arabia came under fire on Saturday as deadly...

Published 16 Apr, 2023 03:36am

Business & Finance

Air India expansion stirs tension over airline flying rights

NEW DELHI: Tensions over plans to transform Air India into a global airline with hundreds of new jets rippled across...

Published 27 Mar, 2023 06:15am

Pakistan

Air carriers face ‘very challenging’ environment as $290mn stuck in Pakistan: IATA

The International Air Transport Association (IATA), a trade association of global airlines, has warned that Pakistan...

Published 16 Mar, 2023 06:02pm

Business & Finance

Emirates announces ‘milestone’ sustainable fuel flight

DUBAI: Emirates said it successfully flew a Boeing 777 powered by sustainable aviation fuel on Monday, as the Middle...

Published 31 Jan, 2023 06:01am

Business & Finance

Pakistan has successfully resolved aviation safety concerns: UN aviation body

ICAO's letter comes as positive for country's aviation sector and its pilots

Updated 05 Jan, 2022 07:12pm

Business & Finance

Emirates airline posts first annual loss in over 30 years

DUBAI: Dubai-based Emirates airline on Tuesday posted a $5.5 billion annual loss, its first in more than three...

Published 16 Jun, 2021 03:39am

World

Global airline body blasts EU safety regulator over Belarus ban

"This is a retrograde and disappointing development," Walsh said in a statement issued by the International Air Transport Association, which counts most of the world's major airlines among its 293 members.

Published 04 Jun, 2021 07:16pm

World

Air India says data on 4.5 million passengers stolen

Names, credit card numbers and passport information were among the data stolen, Air India said in a statement released late Friday.

Updated 22 May, 2021 05:54pm

Business & Finance

Ryanair gets rare wins in EU court over state aid for KLM, TAP

The Luxembourg-based General Court, however, said the annulments - and the recovery of the money - would be suspended pending new decisions by the Commission.
Ryanair can challenge those new decisions at the same court if it is not satisfied with them.

Published 19 May, 2021 06:08pm

‘Fake’ Covid-19 PCR test reports: CAA takes notice of inbound travellers

ISLAMABAD: The Civil Aviation Authority (CAA) Tuesday said that passengers travelling to Pakistan, especially from...

Published 12 May, 2021 04:23am

Business & Finance

Airline SAS names Avianca's Van der Werff as CEO

SAS said in a statement Van der Werff would join SAS on July 15 at the latest, while Avianca said it had appointed him to its board of directors and promoted Adrian Neuhauser to replace him.
Van der Werf, who is Dutch, has previous experience in Europe, having worked at Air France KLM for a decade, including as regional manager for Sweden, Finland and the Baltics.

Updated 28 Apr, 2021 07:40pm

Business & Finance

Air France-KLM eyes further recapitalisation in 2021

We do have heavy debt that is holding back our balance sheet, so this may have to get looked at again later in the year.
The capital hike sees the French government more than double its stake in the airline group to almost 30% as part of a total recapitalisation package worth about 4 billion euros announced earlier this month.

Published 19 Apr, 2021 04:46pm

World

Alitalia workers protest as airline risks bankruptcy

ROME: Around 1,000 Alitalia workers took to Rome’s streets Wednesday to demand more state help for the beleaguered...

Updated 15 Apr, 2021 10:09am

National Assembly informed: No plan to privatise PIA

ISLAMABAD: The government informed National Assembly on Friday that there is no plan to privatize Pakistan...

Published 03 Apr, 2021 03:41am

Business & Finance

Enhanced Cabin Safety, CRM section of PIA Safety dept inaugurated

KARACHI: CEO PIA Air Marshal Arshad Malik inaugurated the enhanced Cabin Safety and Crew Resource Management (CRM)...

Published 03 Apr, 2021 03:41am

Business & Finance

Norwegian Air says Boeing dispute to be decided in US court

Norwegian Air asked Ireland's High Court to issue repudiation orders for three sales contracts with Boeing, but lawyer Declan Murphy said this was not intended to take precedence over ongoing US legal action on the contracts.

Published 05 Mar, 2021 09:45pm

Business & Finance

Delta to spend $30mn to offset most of its 2020 impact on climate

The Atlanta-based company said its medium-term goal is to replace 10% of its jet fuel, which is currently refined from fossil fuel, with sustainable aviation fuel by the end of 2030.
That followed moves in Europe by easyJet to offset emissions on all its flights and by British Airways and Air France to do the same on their domestic flights.

Updated 04 Mar, 2021 09:52pm

Business & Finance

Abu Dhabi's Etihad still targets 2023 turnaround as losses pile up

Core operating loss of $1.7 billion in 2020.
Workforce shrinks by 33% to 13,587.
Yearly passenger traffic down 76%.

Published 04 Mar, 2021 06:13pm

Business & Finance

Ryanair hopes for 60-70pc of normal traffic this summer

"We would be hopeful that we could fly maybe 60, 70% of our normal traffic volumes during the peak summer months ... June, July, August and September," he said. "That's about as optimistic as its going to get."
"We don't need a taskforce, we just need action," O'Leary said. "The real challenge is timing here ... we need to give them the clarity to book their summer holidays."

Published 03 Mar, 2021 06:39pm

Business & Finance

Thai Airways plans slimmer fleet and workforce in turnaround plan

Plans to reduce fleet size from 103 to 86 aircrafts by 2025.
Plans to have five aircraft types, down from 12.
Aims to reduce workforce to 13,000 to 15,000 employees.

Published 02 Mar, 2021 07:12pm

Business & Finance

Pakistan’s private airline to commence international operations this month

The private airline was previously scheduled to begin its flight operations in Saudi Arabia and the United Arab Emirates from January 2021, however, the plans took a backtrack due to worldwide travel restrictions in place due to COVID lockdowns.

Published 02 Mar, 2021 11:57am

Business & Finance

Easyjet to hold investor calls for euro bond as travel hopes rise

No details were provided on how much the airline is looking to raise from the sale, but a "benchmark" euro bond issue typically has a deal size of about 500 million euros or more.
EasyJet said that bookings for flights for this summer had soared over 300% since Britain's announcement, and holidays by more than 600%, compared to their levels last week.

Published 23 Feb, 2021 08:21pm

Business & Finance

Namibia's cash-strapped carrier stops flights

Namibia is expected to announce voluntary liquidation on Thursday, which is expected to leave over 600 staff members unemployed.

Published 11 Feb, 2021 02:13pm

Business & Finance

Japan Airlines projects higher losses over pandemic

Japan's second-largest carrier said it projected a net loss of 300 billion yen for the year ending March 2021, up from its previous forecast of 240-270 billion yen.

Published 01 Feb, 2021 01:50pm

World

Irish court grants extension to Norwegian Air's debt restructuring

The extension to Feb. 25 was granted after a lawyer representing the Irish examiner told the court that the examiner believed the budget carrier had a reasonable prospect of survival.
I will grant that application and extend the time for reporting... to the 25th of February.

Published 22 Jan, 2021 07:18pm

Business & Finance

AirAsia Group to raise up to $113mn via private placement

AirAsia said it will continue to explore other fundraising options or corporate proposals to improve the group's financial performance in the longer term.

Published 21 Jan, 2021 05:32pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Cotton US¢/pound / Apr 25	80.89
Petrol/Litre / Apr 26	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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