Hyatt Hotels posts quarterly profit...
Hyatt Hotels Corp. returned to a second-quarter profit as demand for its rooms increased. Net income was $25 million, compared with a loss of $50 million a year earlier. Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels...
Thai Airways and Tiger Airways to launch budget carrier...
Budget carrier Tiger Airways and Thai Airways are to jointly launch a low-cost airline that is expected to start operations next year. Thai Airways and a Thai entity will collectively hold 51 percent of the new airline, while Tiger Airways...
Air Arabia posts quarterly net profit of $14m...
Air Arabia, the first and largest low-cost carrier (LCC) in the Middle East and North Africa, reported a 44 percent decline in second-quarter profit. Net income fell to 50 million dirhams ($14 million) from 90 million dirhams in the year-earlier...
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