Air Macau takes off safely: startup airline posted its first profit in October
Article Abstract:
Air Macau recorded its first profit in its first year of operation in Oct. 1996, with an 81% occupancy on the average flight during the month. Its average load factor from Jan. to Oct. 1996 is placed at almost 70%, which is a sharp increase from 29% in Nov. 1995, when it started operations, and 42% in Dec. 1995. Deputy CEO Carlos Pimentel said the airline's performance surpassed expectations, as the company did not expect passenger load factor to hit beyond 60% during its first year. News of its profit was met with glee, given keen competition from China Airlines and Cathay Pacific Airways of China and Taiwan's EVA Airways and TransAsia Airways.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Air NZ appears prepared to weather the currency storm
Article Abstract:
Analysts are confident of Air New Zealand's (NZ) ability to withstand the current currency crisis in Asia. Investors remain enthusiastic about the airline's management plan which has limited its exposure to declining markets such as South Korea. Air NZ Class A stock prices have dropped some 20% since July 1997 from NZ$3.15 to only NZ$2.26 in January 1998. The airline has compensated for lost business in Asian markets by servicing areas such as the US and Britain.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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India's not-so-friendly skies: small airlines fight for survival in a difficult market
Article Abstract:
India's push for open skies agreements with foreign carriers is having the opposite impact on the aviation industry, in large part due to the government's insistence to keep air services limited to domestic carriers. Critics argue that protectionism is preventing India's aviation industry from reaching its target 20% annual growth. Constricted airport facilities, poor landing slots, high jet fuel prices, and high taxes also block the plan's success.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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