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Business 28 Aug 2014 | 11:08 AM

Qantas slumps to record loss of US$2.65bil

SYDNEY: Australian flag carrier Qantas on Thursday posted a record annual net loss of Aus$2.84 billion (US$2.65 billion), but chief executive Alan Joyce insisted clearer skies lie ahead after aggressively cutting costs

Business 10 Mar 2012 | 12:00 AM

People ‘n Rich hires two industry heavyweights

ADVERTISING and branding agency People ‘n Rich has recruited two industry heavyweights to strengthen its management team with the aim of building a solid base of top-flight talent for future growth.

Business 15 Mar 2012 | 12:00 AM

Cathay Pacific earnings down 61%

HONG KONG: Cathay Pacific Airways Ltd, Asia’s No. 4 carrier by market value, posted a bigger-than-expected 61% drop in 2011 net profit amid high fuel costs and a slowing global economy, and warned of a more challenging year ahead.

Business 14 Jan 2012 | 12:00 AM

Cannes Lions names film, press jury president

OGILVY & Mather worldwide chief creative officer Tham Khai Meng will head both the film and press juries at the Cannes Lions International Festival of Creativity to be held from June 17 to 23.

Business 29 Feb 2012 | 12:00 AM

AAX to axe Christchurch route next?

PETALING JAYA: After announcing its withdrawal from popular European and Indian cities earlier this year, AirAsia X (AAX) is set to axe its KL-Christchurch-KL route, according to a source.

Business 21 Jul 2012 | 12:00 AM

The importance of being honest

CONFESSION time. I can be a tough boss when I need to. Occasionally, I fly into a rage with my staff, suppliers and even principals. I am straight talking and sharp with my words.

Business 28 Sep 2013 | 12:00 AM

MEC expects 2014 to be challenging

MEC, one of the world’s largest media agency networks, expects the media industry to continue facing a challenging year in 2014 both globally and locally due to the softening in both advertising expenditure (adex) and consumer spending.

Business 27 Dec 2013 | 4:35 PM

AirAsia India unlikely to start flying before summer 2014

AirAsia India, which was initially optimistic about starting operations by October this year and then January 2014, may now need to wait until summer 2014 before it can start flying, according to media reports.

Business 17 Feb 2014 | 12:00 AM

Branson hits at possible Aussie Govt aid for Qantas

SYDNEY: British tycoon Sir Richard Branson sounded a warning in full-page newspaper ads Sunday about possible Australian government help for national carrier Qantas, urging business to “think twice” about investing in the country.

Business 14 May 2014 | 10:53 AM

Report: Qantas to lay off pilots in bid to revive profits

SYDNEY: Struggling Australian airline Qantas will make dozens of pilots redundant for the first time in 40 years, reports said Wednesday, as it looks to slash costs to contain massive losses.