FedEx Q4 Profit Up, Looks At Cost Cuts

FedEx Q4 Profit Up, Looks At Cost Cuts

  FedEx reported an above-forecast adjusted quarterly profit and forecast higher fiscal 2013 results, as it expected to take new cost-cutting measures to offset shipments weakened by soft global economies. The company said on Tuesday that net profit for its fiscal fourth quarter ended May 31 was USD$550 million, down from USD$558 million a year […]

Delta Won’t Sell Jet Fuel On Open Market

Delta Won't Sell Jet Fuel On Open Market

  Delta Air Lines, which took the bold step of bidding for a refinery to keep a handle on fuel costs, said on Monday it would not be selling jet fuel on the open market once the deal closes. Delta subsidiary Monroe Energy will spend about USD$100 million to convert the 185,000 barrel-per-day refinery in […]

South African Airways (SAA) Agrees ‘Under Protest’ To EU CO2 Rules

South African Airways (SAA) Agrees 'Under Protest' To EU CO2 Rules

  State-owned South African Airways (SAA) will increase prices on all European flights to offset the costs of the EU’s Emission Trading Scheme, it said on Monday. The national flag carrier said it would increase fuel surcharges on flights to and from Europe by between 1 and 2 euros per passenger from July 1. Europe has […]

AirAsia Eyes Indonesia IPO Next Year

AirAsia Eyes Indonesia IPO Next Year

  Malaysia’s AirAsia is looking to list its Indonesia operations by the first quarter of next year as it moves its regional base to southeast Asia’s largest economy to focus on further expansion, said its co-founder. The initial public offering will follow its planned listing of the group’s long haul unit AirAsia X, which is […]

Delta Won’t Sell Jet Fuel On Open Market

Delta Won't Sell Jet Fuel On Open Market

  Delta Air Lines, which took the bold step of bidding for a refinery to keep a handle on fuel costs, said on Monday it would not be selling jet fuel on the open market once the deal closes. Delta subsidiary Monroe Energy will spend about USD$100 million to convert the 185,000 barrel-per-day refinery in […]

ICAO Will Have Emissions Plan By March 2013

ICAO Will Have Emissions Plan By March 2013

  The ICAO’s secretary-general said he expects to have a draft proposal on measures to tackle emissions from aviation by March 2013, rather than at the end of 2012 as he had said previously. The ICAO’s governing council is expected to discuss “market-based measures” to reduce emissions next week. Secretary-General Raymond Benjamin said he will […]

Southwest Calls Woman’s Clothing ‘Inappropriate.’ She Disagrees

Southwest Calls Woman's Clothing 'Inappropriate.'

  A woman named Avital has contacted the blog Jezebel to share a tale of Southwest Airlines and its alleged dress code. Avital, who asked that her last name be withheld, told the site that she boarded a 6 a.m. flight from Las Vegas to New Yorkwearing a cotton dress, flannel shirt and scarf. The dress […]

Korean Air Apologizes For Calling Kenyans ‘Primitive’

Korean Air Apologizes For Calling Kenyans 'Primitive'

  NAIROBI, Kenya — A notice on Korean Air’s website announcing the start of non-stop flights from Korea to Kenya sparked a flurry of angry Tweets and Facebook postings Monday over the description of Kenyans as indigenous people full of “primitive energy.” Muthui Kariuki, who is handling public relations for Korean Air in Kenya, said […]



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