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| Virgin Blue's full-year profit drops 54.7% |
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Virgin Blue Holdings blamed soaring fuel prices and one-off product enhancement costs for its 54.7% drop in net profit to A$97.7 million ($85.1 million) for the fiscal year ended June 30. |
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| Mesa reports quarterly loss, plans to sell stake in Chinese JV |
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Mesa Air Group reported a $3.7 million loss for the fiscal third quarter ended June 30, reversed from a $2.6 million profit in the year-ago period, and said it intends to sell its share in its Chinese regional joint venture Kunpeng Airlines back to its partner in the venture, Shenzhen Airlines. |
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| Virgin ready to offload Nigerian burden |
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Virgin Atlantic Airways confirmed reports that it is seeking to dispose of its 49% equity stake in Virgin Nigeria, the Lagos-based flag carrier it helped establish in 2004 and launch in April 2005. |
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| MAS weathers 'perfect storm,' stays profitable |
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Despite operating amid "the perfect storm" of high fuel prices and overcapacity, Malaysia Airlines yesterday reported its eighth consecutive quarterly profit, a MYR40 million ($11.9 million) figure that represented a 64.6% decline from the MYR112.8 million posted in the year-ago period. |
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| FAA upholds $10.2 million fine against SWA, says pay by Aug. 29 |
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US FAA told Southwest Airlines that it is upholding a proposed $10.2 million fine for operating 46 737 Classics for nine days in March 2007 after it had disclosed to the agency that the aircraft were in noncompliance with an airworthiness directive and is seeking payment by Aug. 29. |
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| BAA completes refinancing as potential breakup looms |
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BAA completed the long-awaited £13.3 billion ($24.81 billion) refinancing of its seven UK airports, which it said will provide "a stable, long-term, investment grade financing platform for investment in [London] Heathrow, Gatwick and Stansted airports over the coming decades." |
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