HONG KONG – China Southern Airlines Ltd. has posted an 85 per cent drop in first-half profit as the global economy slowed, jet fuel prices rose and competition among Chinese carriers intensified. The airline, China’s biggest by passenger numbers, said late Monday that profit fell to 424 million yuan ($67 million), or 0.04 yuan per [...]
Archive for August 27th, 2012
A Canadian senator’s wife appeared in court on the couple’s one-year wedding anniversary Monday after spending a long weekend in jail for threatening to down an aircraft. Maygan Sensenberger, 23, was arrested late Thursday for allegedly threatening passengers, swearing and arguing with her much older husband, Senator Rod Zimmer, 69, during an Air Canada flight.
A decision by Virgin Holdings boss John Borghetti to go after the high yielding corporate and government market helped lift the aviation group’s full-year revenue and profit during one of the most challenging times for the aviation industry. Borghetti, who joined Virgin two years ago, has systematically been rolling out a three year strategy designed [...]