Qantas Airways profits lower after oil prices rise

[ad_1] Qantas said the outlook for the airline was ‘mixed’, with weakness in the domestic tourism market and flat corporate travel demand Qantas Airways posted a 6.5-percent fall in annual net profit Thursday, attributing the slide in earnings to higher oil prices and a weaker Australian dollar. Despite record revenues, the Australian flag carrier said […]

Rising fuel costs crimp profits at IAG airline group

[ad_1] Shares in IAG rose after the airline group reported results that showed it is holding up well despite intense competition in the industry Rising effective fuel costs helped push operating profits lower at British Airways parent company IAG in the first half of the year, although the group managed to increase revenue from passengers […]

Ferrari sales, profits accelerate

[ad_1] The Portofino has been a success for Ferrari, but the entry-level car for the luxury sportscar maker will still set you back at least 200,000 euros Luxury sports carmaker Ferrari beat analyst expectations on Friday as sales and profits accelerated in the second quarter despite the global auto market hitting the brakes. The 14 […]

BMW profits drop on higher costs, spending for new tech

[ad_1] Credit: CC0 Public Domain Luxury automaker BMW saw net profit fall 29% to 1.48 billion euros ($1.63 billion) in the second quarter from a year earlier as profits were reduced by higher spending on revamping factories and on new technologies such as battery-only cars and smartphone-based services. The company said Thursday vehicle sales and […]

Air France-KLM profits climb in 'challenging' market

[ad_1] A favourable comparison point meant a boost in quarterly profits at Air France-KLM, but rising fuel costs threaten to erode earnings Air France-KLM reported Wednesday a solid increase in operating profits as more people flew on its network, but growth was held back by higher fuel prices that will put more pressure on the […]

Airbus profits more than double in first half

[ad_1] Airbus delivered 389 commercial aircraft during the first half of the year, up from 303 in the same period in 2018 European aerospace giant Airbus Wednesday reported profits more than doubled in the first half of the year, a strong result it attributed mainly to increased production of its A320 family of aircraft. It […]