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airlines

GE and Safran plan next-generation jet engines

The US and French engineering giants have been cooperating in the sector for nearly half a century.
The LEAP engines developed by their joint venture CFM power some the latest generation Airbus and Boeing aircraft.

Updated 14 Jun, 2021 09:45pm

Business & Finance

United Airlines to bring back supersonic flying with Boom deal

Under the agreement, the airline will purchase 15 of Boom's "Overture" aircraft once they meet United's safety, operating and sustainability requirements, with an option for an additional 35 aircraft.
United said the aircraft would be optimized to use 100% sustainable aviation fuel (SAF) from its entry to service, projected to be in 2029.

Published 03 Jun, 2021 08:03pm

Airlines re-route to avoid Belarus

KYIV/VILNIUS: Airlines re-routed flights to avoid Belarus's airspace on Tuesday and Belarusian planes faced a...

Published 26 May, 2021 03:45am

Business & Finance

Airlines face another bleak year as outlook worsens

PARIS: Airlines face another bleak year with steeper losses than previously forecast, as some regions struggle to...

Updated 22 Apr, 2021 09:47am

Business & Finance

Airlines face $47.7bn loss in 2021: IATA

The IATA had forecast net post tax losses of $38 billion in December.

Published 21 Apr, 2021 07:26pm

Business & Finance

United Airlines sees first-quarter revenue falling 66pc

The company said it now expects first-quarter revenue to fall 66% to $3.2 billion from the same period in 2019. It had previously forecast a drop of between 65% and 70%.
The airline said its average daily cash burn for the quarter is expected to be about $9 million per day, an improvement of about $10 million compared to the fourth quarter of 2020.

Published 12 Apr, 2021 07:08pm

World

Boeing seals large 737 MAX order as airlines eye recovery

NEW YORK: US carrier Southwest Airlines agreed to buy 100 additional Boeing 737 MAX planes, the companies announced...

Published 30 Mar, 2021 05:45am

World

Nigeria suspends Emirates flights over COVID-19 tests

Emirates said last week passenger flights to and from Nigeria had been suspended until further notice in line with government directives, but did not give details.

Updated 23 Mar, 2021 05:10pm

Business & Finance

Airlines face headache over 'use-by' date on some jet parts as pandemic grounds fleets

"Here we would actually recommend increasing the number of tasks to be performed if you have a low utilisation," she said. "This is always an engineering driven and safety driven analysis."

Published 17 Mar, 2021 02:08pm

World

Singapore Airlines to pilot digital Covid travel pass

SINGAPORE: Singapore Airlines will begin trialling a coronavirus digital travel pass developed by aviation’s...

Published 09 Mar, 2021 05:45am

Business & Finance

Ryanair's fight against airline state aid faces court rulings

In its first judgments on those rules, the Luxembourg-based General Court will assess a French scheme allowing airlines to defer certain aeronautical taxes.
Ryanair in its filings to the court faulted EU competition enforcers by allowing EU countries to grant aid only to airlines with EU operating licences issued by their countries.

Published 16 Feb, 2021 05:30pm

Business & Finance

Air Canada posts biggest annual loss in nearly two decades as virus hits bookings

Airlines have been among the hardest hit by the coronavirus crisis that has led people to avoid air travel.
Air Canada, which was forced to cut more than 20,000 jobs in 2020, has been negotiating with the Liberal government since November for aid to support jobs.

Published 12 Feb, 2021 06:35pm

Business & Finance

EU prolongs regulatory relief for airlines as travel demand falls

The European Union will prolong pandemic-induced regulatory relief for airlines as border closures and lockdown restrictions wipe out air travel.

Published 11 Feb, 2021 05:59pm

Business & Finance

Unprecedented 66pc drop in air passengers in 2020: airlines

IATA also warned that the emergence of new, more transmissible variants of the coronavirus were hurting the prospects for recovery this year.

Published 03 Feb, 2021 08:17pm

World

Emirates, Etihad to pilot virus ‘travel pass’

DUBAI: Emirates and Etihad, two of the Middle East’s biggest airlines, said Tuesday they would be among the first...

Published 20 Jan, 2021 04:29am

Business & Finance

Airlines face more turbulence before vaccine relief

Lockdowns hit bookings ahead of vaccine rollouts.
Cash-burn may worsen before recovery – IATA.
European airline sector 'primed for disappointment' – Citi.

Published 14 Jan, 2021 05:23pm

Business & Finance

Air Canada to reduce 1,700 employees as COVID-19 restrictions, lockdowns bite

The Canadian government is "disappointed by airlines' decisions to cancel more regional routes," a spokeswoman said by email.

Published 14 Jan, 2021 12:00am

Business & Finance

Singapore Airlines launches US dollar debt debut

The airline said on Monday its December passenger capacity was down 81.3% compared to the same time last year.

Published 13 Jan, 2021 11:24am

Business & Finance

Canada's WestJet Airline cites 'unprecedented cancellations,' hitting 1,000 jobs

Privately-held WestJet, the country's second-largest carrier, announced further cuts to its schedule, introduced a hiring freeze.
WestJet's announcement follows new Canadian rules that passengers would need to test negative for the coronavirus before boarding a plane bound for Canada, starting on Jan. 7.

Published 08 Jan, 2021 08:59pm

World

Airlines warned over safety as jets return from pandemic storage

Airlines have developed training programmes for pilots re-entering service ranging from theory refreshers to multiple simulator sessions and supervised in-flight checks, depending on the length of absence.

Published 15 Dec, 2020 09:30am

Pakistan

Foggy conditions: Several flights delayed at airports in Karachi and Lahore

A Pakistan International Airlines flight PK-302, which was going to depart for Lahore, got delayed for an hour
Four flights were canceled and several delayed due to thick fog and technical issues at Allama Iqbal International Airport

Published 14 Dec, 2020 02:39pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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