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Singapore Airlines Flags Weak Bookings;Fuel Costs Bite

Singapore Airlines Ltd. (C6L.SG) swung to a profit in its fiscal fourth quarter after selling planes and spare engines, but warned of challenges ahead from flat bookings, overcapacity in cargo operations and high fuel costs."Forward passenger bookings for the next few months are almost flat compared to the same period last year. Yields are likely to remain under pressure amid weak economic sentiment," the airline said in a statement, pointing to the uncertain global economic outlook.Singapore Airlines and its regional rivals, Qantas Airways Ltd. (QAN.AU) and Cathay Pacific Airways Ltd. (0293.HK, CPCAY), have been cutting fares following a fall in demand for premium business and first-class seats. Competition from Middle Eastern carriers has added to their woes. Among the airline's major markets, euro-zone economies remain weak and the recovery in the U.S. is sluggish.Singapore Airlines reported net profit of 68.3 million Singapore dollars (US$54.5 million) in the three months that ende...

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  1. Hong Kong Stocks Slide; Cathay Pacific , Energy Hit

    Hong Kong stocks skidded lower Friday, with concern over U.S. jobs and a drop in oil prices dragging on the market as trading resumed after Thursday's holiday. The H...

  2. Boeing delivered 137 commercial jets in first quarter

    Boeing Co said on Thursday it delivered 137 commercial airplanes in the first quarter, and won net orders for 209 planes in the same period, after cancellations are ...

  3. Boeing says delivered 137 commercial jets in 1st quarter

    Boeing Co said on Thursday it delivered 137 commercial airplanes in the first quarter, and won net orders for 209 planes in the same period, after cancellations are ...

  4. Boeing faces pressure for cash compensation over 787

    Pressure grew on Wednesday for Boeing to compensate airlines in hard cash for disruption caused by the grounding of its 787 Dreamliner as two airlines maneuvered for...

  5. ANA wants Boeing cash, rather than discounts, for 787 grounding: source

    All Nippon Airways <9202.T>, the biggest customer for Boeing Co's 787 Dreamliner, wants the planemaker to compensate it in cash, rather than discounts on future purc...

  6. Cathay Pacific 2012 Net Profit Falls 83%

    Cathay Pacific Airways Ltd. (0293.HK) said Wednesday that 2012 net profit plummeted to 916 million Hong Kong dollars (US$117.8 million), down 83% from HK$5.50 billio...

  7. Hong Kong Stocks Fall, With Banks Mostly Weaker

    Hong Kong and Shanghai stocks traded modestly lower Wednesday, extending losses from the previous session, with banks trading lower amid policy uncertainty as the Na...

  8. Hong Kong Stocks Up, Shanghai Down After Data

    Chinese stocks traded mixed early Monday, as Hong Kong's Hang Seng Index rose 0.3% to 23,164.65, and the Hang Seng China Enterprises Index also added 0.3%, but the S...

  9. Cathay Pacific : Cancelled Order for 8 Boeing 777 Freighters

    Cathay Pacific Airways Ltd. (0293.HK) Friday said it has signed an agreement to cancel an order for eight 777-200 freighter aircraft from Boeing Co. (BA), because of...

  10. Air New Zealand Profit Jumps,International Business Improves

    Air New Zealand Ltd. (AIR.NZ) chalked up its best interim profit in five years and is on track to more than double annual profit, following a turnaround in its inter...

  11. Hong Kong Stocks Drop On Widespread Losses

    Hong Kong stocks opened to losses spread across sectors on Tuesday after a strong showing by former prime minister Silvio Berlusconi's party in Italian elections rai...

  12. Boeing's Dreamliner delay hits Hainan Airlines

    DAVOS, Switzerland (Reuters) - Hainan Airlines <600221.SS>, China's fourth-largest carrier, said Boeing's failure to deliver its Dreamliner aircraft had forced the a...

  1. Hong Kong Stocks Rise As Banks, Energy Advance

    Stocks in Hong Kong rose Thursday, with financial and energy shares contributing to a gain for the equity benchmark. Hong Kong's Hang Seng Index rose 107 points, or ...

  2. Hong Kong Stocks Climb On Property, Airline Shares

    Hong Kong stocks climbed early Wednesday after a three-day losing streak as a higher finish for U.S. equities and gold prices provided a lift to the property and air...

  3. American Air woos business flyers with new L.A. flights

    AMR Corp's American Airlines, moving to gain more business travelers, on Wednesday said it plans to expand service from Los Angeles by adding flights to nine cities ...

  4. Hong Kong Stocks Rise; Belle, Cathay Advance

    Hong Kong stocks climbed Tuesday as better-than-expected earnings from Alcoa Inc. and overnight gains on Wall Street setting the stage for early gains as investors d...

  5. Shanghai Stocks Slide As Hong Kong Slips

    Mainland Chinese stocks stumbled Monday as the markets reopened after a four-day weekend to concerns about the impact from the spread of a new strain of bird-flu vir...

  6. MARKET COMMENT: HSI Down 2.6%; Investors' Sentiment Bearish -CPY

    The HSI's 2.6% fall to an intraday low of 21,756.84 marks the largest percentage decline for the benchmark in 2013, while 21,756.84 is the lowest intraday level sinc...

  7. MARKET COMMENT: HSI Off 1.8%, 2013 Low; Airlines Down On Flu Worry

    The HSI falls 1.8% to a 2013 low of 21,947.93 as investors fret over China's bird flu and geopolitical tension in the Korean peninsula. Shares of mainland airlines a...

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