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Business 21 Aug 2004 | 12:00 AM

Asia-Pacific airlines begin to raise fuel surcharges

Asia-Pacific airlines have begun raising fuel surcharges as crude oil prices soar towards the US$50-a-barrel level, threatening the carriers' profits just as they are rebounding from last year's Severe Acute Respiratory Syndrome (SARS) crisis.

Business 18 Aug 2004 | 12:00 AM

Soaring oil price impacts MAS shares

Shares of Malaysia Airlines (MAS) slipped six sen yesterday to close at a seven-month low of RM4.40 on renewed concerns over the impact that rising fuel costs would have on its earnings.

Business 18 Aug 2004 | 12:00 AM

Thai AirAsia Q2 loss widens on fuel cost

Thai AirAsia Co Ltd, a budget carrier set up by Thailand's Shin Corp and Malaysia's AirAsia Bhd, said its loss widened in the second quarter as the price of aviation fuel surged.

Business 06 Aug 2004 | 12:00 AM

Concern over profits of airlines in longer term

TURBULENCE is forecast for the profits of the airline sector despite higher passenger numbers as rising costs from higher fuel prices are matched against the pressure of lower air fares with the swarm of new budget carriers taking off all around Asia.

Business 05 Aug 2004 | 12:00 AM

Virgin Blue finds market challenging

Australian discount airlineVirgin Blue Holdings Ltd said it considers conditions in the global aviation market as challenging due to high fuel prices and increased competition.

Letters 11 Jul 2004 | 12:00 AM

Give more tax relief for books

From A. HISYAM of Bangi, Selangor.

Business 25 Jun 2004 | 12:00 AM

Cut in fuel subsidies to fund development projects

The government may reduce the amount of subsidies for petrol, diesel and liquefied petroleum gas (LPG) to offset its financial burden and funnel the money towards development projects instead, government sources said on Thursday.

AseanPlus News 23 Jun 2004 | 12:00 AM

Filling up with cheaper fuel across the border

RISING fuel prices in Thailand have prompted Thai motorists to fill up their petrol tanks in the border town of Sg Golok, Kelantan.

Business 22 Jun 2004 | 12:00 AM

Konsortium confident of better performance

Konsortium Logistik Bhd, which posted a net loss of RM38.2mil for the year ended Dec 31, 2003, is confident of achieving better performance this year.

Business 18 Jun 2004 | 12:00 AM

Delta in dire straits, says CEO

Delta Air Lines chief executive said on Wednesday it is 'completely clear' that the No. 3 US airline cannot survive in its current form, as fare levels continue to erode despite an improving economy.