Singapore Airlines profit down 60%
(8 May) Singapore Airlines Ltd. Thursday said its fiscal fourth-quarter net profit fell 60% as the flag carrier continued to battle stiff competition that is forcing it to discount fares. Net profit in the three months ended March 31 fell to 27 million Singapore dollars (US$21.6 million), compared with S$68.3 million a year...
PRC pilots demand same pay as foreign pilots
Headquartered in Beijing, Air China operates more than a thousand flights on peak travel days. (6 May) Given the country's aviation boom and pilot shortage, you might think this would be a good time to be a pilot in China. According to an open letter from pilots making the rounds on Chinese media, however, major issues within...
Nomura analysts: China’s property bubble has burst
(6 May) Economists at Nomura have made their call: China's property bubble has burst, they say, and the country's economy could slow dramatically unless Beijing steps in with new stimulus measures. "It is no longer a question of 'if' but rather 'how severe' the property market correction will be," three of the bank's analysts...
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