Airlines to post $12.7B profit in 2013—IATA
Global airlines are set to post profits of $12.7 billion (9.8 billion euros) this year, the International Air Transport Association (IATA) forecast on Monday, revising higher a previous estimate.
Global airlines are set to post profits of $12.7 billion (9.8 billion euros) this year, the International Air Transport Association (IATA) forecast on Monday, revising higher a previous estimate.
Singapore’s Tiger Airways posted an operating profit for the second quarter in a row for the period ending March 31, although operations in the Philippines are still in the red despite efforts to expand.
Puregold Price Club Inc. is offering small business members access to credit through Metrobank to complement its nationwide expansion, officers said at the convention for grocery chain members at the World Trade Center in Pasay City.
AirAsia, Asia’s largest low-cost carrier by fleet size, said Wednesday that first-quarter net profit fell 39 percent year-on-year due to a foreign exchange loss on borrowings.
Property developer Century Properties Group Inc. posted a 10-percent growth in first-quarter net profit to P501 million on higher revenues and margins.
The country’s two largest television networks booked better-than-expected first-quarter earnings due to the spate of political advertisements, company officials said Wednesday.
Semirara Mining Corp., the country’s biggest coal producer, posted a 42-percent decline in its net income after tax to P1.01 billion in the first quarter in 2013 from P1.73 billion in the same period last year.
Security Bank Corp. grew its first-quarter net profit by 11 percent year on year to P1.2 billion as steady interest earnings were complemented by a triple-digit rise in revenues from non-interest income.
Metropolitan Bank and Trust Co. tripled its profit in the first three months of the year from year-ago level to P11.4 billion. It was the highest quarterly profit recorded by a local bank.
The country’s banking sector remained highly profitable in 2012, with the combined net income of small and big players growing by a double-digit pace as they ride on the gains of an expanding economy.
Dozens of Sony executives including the firm’s chief are foregoing bonuses this year in an “unprecedented” step to atone for a slump in its embattled electronics unit, a spokeswoman said Wednesday.
The consolidated core income of Philex Mining Corp. dropped by 90 percent to P132 million in March because of a reduction in the operations of its Padcal copper-gold mine in Benguet.
