Singapore Airlines’ third quarter net profit fell 53 percent from a year earlier as higher fuel prices hurt margins and the ongoing global economic downturn reduced demand.
Net profit for the three months ended December 31 fell to US$108.
CSCL, Cosco forge closer ties
Merger speculation as state-owned carriers swap staff and cooperate on routes
China’s top two carriers, China Shipping Container Lines (CSCL) and China Ocean Shipping (Group) Co (Cosco), are forging a closer relationship, fuelling talk of a possible
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