Cathay Pacific bounces back to profit

Cathay Pacific returned to profit last year, posting on Wednesday an attributable profit of HK$4,694 million, compared to a loss of HK$8,696 million in the previous year.

Qantas profit plunges downward, but stays in black

Qantas said it remained cautious today after reporting a $58 million profit after tax in the first financial half of the year, a fraction of the $210 million achieved a year earlier and has opted not...

Demand stabilises but outlook still grim: IHG

InterContinental Hotels Group this week reported a pre-tax loss of $64 million due to exceptional costs, without which, the hospitality giant says it would have earned $316 million in profits for the...

Air Canada significantly narrows losses

Air Canada recorded a CAD56 million loss in the last quarter of 2009, significantly narrowing its CAD727 million loss achieved in the same period a year earlier.

Marriott CEO sells thousands of shares

The chairman of Marriott International sold 80,000 shares of his last week, prompting speculation that the company may be further from recovery then first thought.