Reading Time: 2 minutes Qantas reported a consolidated net profit of A$515 million ($372.1 million) for the first half of its FY2017 (July-December 2016), down 25.1% from A$688 million in the first half of FY2016. Group revenue declined 3.3% to A$8.2 billion for the period. Expenses stayed even year-over-year (YOY) at A$7.4 billion. The group’s operating profit came to […]

Reading Time: < 1 minute Hong Kong airline Cathay Pacific Airways’s first-half net profit tumbled 82% amid slower Chinese economic growth and falling consumer demand for premium class seats on long-haul routes, sending its shares down almost 8 percent. Net profit for the six months ended June 30 fell to HK$353 million ($45.52 million) from HK$1.97 billion in the same […]

Reading Time: 4 minutes European airport trade body, ACI EUROPE today released its airport traffic report for June, Q2 and the first half of 2016. The report is the only air transport report, which includes all types of civil aviation passenger flights: full service, low cost and charter. It reveals that during the first half of this year, passenger […]