Etihad Airways has recorded a 200 per cent leap in profit to US$42 million during 2012 on the back of a healthy revenue increase of 17 per cent. The result is up from US$14 million in 2011, its inaugural year of profit. Earnings before interest, tax, depreciation, amortisation and rentals rose 16 per cent to
In what is one of the Qantas Group’s most significant international schedule developments, the airline has unveiled an extensive range of measures aimed at firmly bolstering its position in Asia. A four-phase strategy includes improved schedules to Hong Kong and Singapore, network expansion with airline partners in Asia, enhanced onboard and ground products, and the
Etihad is ramping up capacity on its existing thrice-weekly services between Brisbane, Singapore and Abu Dhabi to offer daily flights using A330-200 aircraft from February 1. The new flights will add 1,048 seats a week to the route, demand for which Etihad expects will be created through close co-operation with Queensland government and tourism industry
Virgin Australia has welcomed approval by the Australian Competition and Consumer Commission (ACCC) for the outright acquisition of Skywest. Virgin Australia’s CEO, John Borghetti said the ACCC clearance was an important step in the airline’s growth plans. “This acquisition will enable us to accelerate our expansion in the high growth fly-in-fly-out (FIFO) and regional markets,
Singapore Airlines (SIA) is releasing 76 pilots on fixed-term contracts earlier than planned in response to excess capacity and slower than expected growth. Earlier expecting to release the pilots on expiry of their contracts, SIA will now prematurely terminate contracts by June 30. The airline has said it will assist affected pilots with finding opportunities
Cairns’ first scheduled China Southern flight arrived on January 30, marking the start of a thrice-weekly seasonal service to cater for high season demand. In addition to the scheduled services, Chinese tour operators have chartered China Southern aircraft for seven direct flights between Cairns and Guangzhou during the Chinese New Year. Two charters will be
