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- 1. Tiger Airways Reports Q3 Profit
Tiger Airways Reports Q3 Profit. Tiger Airways has reported a profit before tax for the thirs quarter ended 31 December 2010 of $30.2 million, an 85.3% increase over the $16.3 million profit recorded for the same quarter in the prior year. The group recorded an 18% profit before tax margin for the quarter.
- 2. NagaCorp Reports 73% Increase in Net Profit
NagaCorp Reports 73% Increase in Net Profit. NagaCorp, one of the largest leisure and entertainment gaming companies in Phnom Penh, Cambodia, has reported a net profit increase of 73% for the year ending 31 December 2010. Net profit for the fiscal year 2010 rose by 73% to approximately US$44.1 million, compared to US$25.5 million in 2009. Gross profit margin rose to 71% from 60%; w
- 3. IATA Revises Airline Financial Outlook; $12.9B Global Net Profit Expected in 2013
IATA has revised its industry financial outlook. For 2013 airlines are expected to return a global net profit of $12.9 billion. This is expected to improve to a net profit of $19.7 billion in 2014. Both are improvements on the September forecast which anticipated an industry net profit of $11.7 billion in 2013 increasing to $16.4 billion in 2014. The upward revision reflects lower
- 4. IATA Revises Forecasts; Asia Pacific Airlines to be Most Profitable
IATA has further downgraded its 2011 airline industry profit forecast to $4 billion. This would be a 54% fall compared with the $8.6 billion profit forecast in March and a 78% drop compared with the $18 billion net profit (revised from $16 billion) recorded in 2010. On expected revenues of $598 billion, a $4 billion profit equates to a 0.7% margin.
- 5. Asia Pacific Airlines Expected to Make Largest Contribution to Industry Profits in 2012
This will be the second year of declining returns since airline profits peaked in 2010 at $15.8 billion with a net profit margin of 2.9%. In 2011, industry profits fell to $7.9 billion for a 1.3% net profit margin. This yearís projected $3.0 billion industry profit would yield a net profit margin of just 0.5%.
- 6. Continental Airlines to Pay US$111 million in Profit Sharing
Continental Airlines to Pay US$111 million in Profit Sharing. The carrier recorded a net income of US$343 million in 2006. This marks the first Continental profit sharing payment since the payment for the 2000 results. The US$111 million distribution is the highest profit sharing distribution in Continentalís history.
- 7. Tiger Airways Reports Profit; Launches Promotion
Tiger Airways Reports Profit; Launches Promotion. Tiger Airways has reported an operating profit for the year ended 31 March 2010 of $28.0 million, a $75.5 million turnaround as compared to the year ended 31 March 2009. Net profit after tax for the year was $28.2 million, a $79.0 million turnaround compared to the previous financial year.
- 8. Lufthansa Group Reports Operating Profit of Ä876m for 2010
Lufthansa Group Reports Operating Profit of Ä876m for 2010. The Lufthansa Group has reported an operating profit of 876 million euros for 2010, an amount equivalent to a more than fivefold increase of the previous yearís figure of 130 million euros. The groupís net profit rose to 1.1 billion euros, which marked an increase of 1.2 billion euros. The figure includes a positive one-of
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