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United Continental sees Q3 capacity to increase in range of 3 pct-3.5 pct

Wednesday, 6 Sep 2017 08:29am EDT

Sept 6 (Reuters) - United Continental Holdings Inc ::United Continental Holdings Inc sees 3Q capacity to increase in range of 3.0% - 3.5% - sec filing‍​.United continental holdings inc - sees Q3 PRASM down 3.0% - down 5.0% - sec filing‍​.United Continental Holdings Inc now sees 3q pre-tax margin to increase in range of 8.0% - 10.0% from prior range of 12.5% - 14.5%.United Continental Holdings Inc says operations at iah were suspended for over four days with over 7,400 flights cancelled due to hurricane Harvey.United Continental Holdings Inc - all facilities at iah are open, anticipate operating at full schedule by the end of the week‍​.United Continental Holdings Inc - changed model variant to a350-900 on airbus a350 order; order increases by 10 aircraft to 45 aircraft‍​.United Continental Holdings Inc - deferred deliveries until late 2022 through 2027 on airbus a350 order.United Continental Holdings Inc sees ‍​Q3 casm, excluding special charges in range of 3.3% - 4.2%.United Continental Holdings-sees ‍​Q3 non-gaap casm, excluding special charges, profit sharing, third-party business expenses, fuel up 2.5 % – up 3.5 %.

AirAsia to implement internal reorganisation

Tuesday, 29 Aug 2017 03:31am EDT

Aug 29 (Reuters) - AirAsia Bhd ::Intends to implement a proposed internal reorganisation by way of a members’ scheme of arrangement.Reorganisation to comprise proposed exchange of 3.34 billion ordinary shares in co with new ordinary shares in Airasia Group Bhd on a 1-on-1 basis.Reorganisation proposes admission of AirAsia group to and withdrawal of co from official list of Bursa Malaysia Securities Berhad.

Air China announces acquisition of properties

Thursday, 24 Aug 2017 07:32am EDT

Aug 24 (Reuters) - Air China Ltd <0753.HK>:Connected transactions acquisition of properties.Company entered into assets transfer agreement and commodity house purchase and sale contract with Chengdu Real Estate.Pursuant to commodity house purchase & sale contract, Chengdu Real Estate agreed to sell houses for a cash consideration of rmb24.7 million.Co to pay renovation and transformation fee in estimated amount of rmb40.3 million to Chengdu Real Estate.Pursuant to assets transfer agreement, co to acquire and Chengdu Real Estate agreed to sell club and parking space for consideration of rmb67.9 million.Co to pay a renovation and transformation fee in estimated amount of rmb5.6 million to Chengdu Real Estate.

Cathay Pacific Airways posts HY net loss of HK$ 2.05 bln

Wednesday, 16 Aug 2017 04:35am EDT

Aug 16 (Reuters) - Cathay Pacific Airways Ltd <0293.HK>:HY net loss HK$ 2,051 million versus profit of HK$353 million a year ago.HY revenue HK$ 45,858 million versus HK$ 45,683 million.Do not expect operating environment in second half of 2017 to improve materially.Outlook for cargo operations in second half of 2017 is good.Passenger business will continue to be affected by strong competition from other airlines.Expect robust demand and growth in cargo capacity, yield and load factor in the second half of this year.Directors decided not to declare a first interim dividend for year ending 31st december 2017.

Lufthansa says in talks to take over part of Air Berlin

Tuesday, 15 Aug 2017 06:02am EDT

Aug 15 (Reuters) - Air Berlin Plc :Lufthansa and german government to support restructuring of airberlin.Lufthansa ensures that all aircraft that are currently operated by airberlin under a wet lease agreement for eurowings and austrian airlines will continue operating as before.Lufthansa is already in negotiations with airberlin to take-over parts of the airberlin group and is exploring the possibility of hiring additional staff.Lufthansa intends to conclude these negotiations successfully in due time.Shares in lufthansa extend gains, now up 1.4 percent.

Berkshire Hathaway takes share stake in Store Capital Corp

Monday, 14 Aug 2017 04:38pm EDT

Aug 14 (Reuters) - Berkshire Hathaway Inc ::Berkshire Hathaway takes share stake of 18.6 million shares in Store Capital Corp - sec filing‍​.Berkshire Hathaway cuts share stake in American Airlines Group Inc by 4.6 percent to 47.0 million shares - sec filing‍​.Berkshire Hathaway cuts share stake in United Continental Holdings Inc by 2.6 percent to 28.2 million shares - sec filing‍​.Berkshire Hathaway cuts share stake in International Business Machines Corp by 16.2 percent to 54.1 million shares - sec filing‍​.Berkshire Hathaway ups share stake in General Motors Co by 20.0 percent to 60.0 million shares - sec filing‍​.Berkshire Hathaway cuts share stake in Delta Air Lines Inc by 3.5 percent to 53.1 million shares- sec filing‍​.Berkshire Hathaway- change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017‍​.

Berkshire Hathaway takes share stake in Store Capital Corp

Monday, 14 Aug 2017 04:38pm EDT

Aug 14 (Reuters) - Berkshire Hathaway Inc ::Berkshire Hathaway takes share stake of 18.6 million shares in Store Capital Corp - sec filing‍​.Berkshire Hathaway cuts share stake in American Airlines Group Inc by 4.6 percent to 47.0 million shares - sec filing‍​.Berkshire Hathaway cuts share stake in United Continental Holdings Inc by 2.6 percent to 28.2 million shares - sec filing‍​.Berkshire Hathaway cuts share stake in International Business Machines Corp by 16.2 percent to 54.1 million shares - sec filing‍​.Berkshire Hathaway ups share stake in General Motors Co by 20.0 percent to 60.0 million shares - sec filing‍​.Berkshire Hathaway cuts share stake in Delta Air Lines Inc by 3.5 percent to 53.1 million shares- sec filing‍​.Berkshire Hathaway- change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017‍​.

Air Berlin July seat load factor at 87.1 pct

Thursday, 10 Aug 2017 05:57am EDT

Aug 10 (Reuters) - AIR BERLIN PLC ::JULY SEAT LOAD FACTOR REACHED 87.1 PERCENT, + 2.6 PERCENT VERSUS PREVIOUS MONTH‍​.IN JULY, AIRBERLIN TRANSPORTED A TOTAL OF 2,441,107 PASSENGERS‍​.IN JULY PASSENGERS TRAVELED 4.046 BILLION REVENUE PASSENGER KILOMETERS (RPK), AND THE NUMBER OF AVAILABLE SEAT KILOMETERS (ASK) AMOUNTED TO 4.645 BILLION.DUE TO THE CURRENT RESTRUCTURING OF AIRBERLIN THE KEY FIGURES PROVIDED CANNOT BE COMPARED TO THOSE OF THE PREVIOUS YEAR.

Singapore Airlines announces amalgamation of subsidiaries

Monday, 24 Jul 2017 08:20pm EDT

July 25 (Reuters) - Singapore Airlines Ltd :amalgamation of subsidiaries of Singapore Airlines.Scoot Pte. Ltd. And Tiger Airways Singapore Pte have amalgamated with each other .Tiger Airways is continuing as amalgamated company and being renamed Scoot Tigerair Pte. Ltd.amalgamation is not expected to have any material impact on financial performance, eps of co for current financial year.

Kenya Airways reaches agreement with key stakeholders to implement financial and capital optimisation plan

Monday, 17 Jul 2017 03:40am EDT

July 17 (Reuters) - Kenya Airways ::Secured conditional agreement from its key stakeholders to proceed with its financial and capital optimization plan.Optimisation plan involves solvent and consensual restructuring of its financial liabilities to be effected through series of inter-conditional agreements.Says transaction will have no impact on the airline’s day-to-day operations and flights will continue as normal.Key aspects of optimisation plan include - building on a return to operating profitability in FY 2016/17 to 0.9 bln shillings.Key aspects of optimisation plan include - reducing co's current 242 bln shillings gross debt exposure by about 51 bln shillings.Secured support for optimisation plan from Government of Kenya, KLM, certain Kenyan banks and various lenders and lessors for its aircraft fleet.Optimisation plan is expected to close during August 2017.

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