Friday, April 19 2024 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
NEW YORK - American Airlines Group, the holding company for American Airlines and US Airways, has announced a second quarter 2014 non-GAAP net profit (excluding net special charges) of US$1.5 billion, a record for any quarter in the history of American Airlines. Second quarter 2014 GAAP net profit was a record $864 million.
SINGAPORE – Valid until December 31, the Preferred Hotel Group is offering a Stay More, Save More package offering savings of up to 30% at 18 properties across Asia-Pacific - 20% discount on a four-night stay, 25% on a seven-night stay, and 30% on a 10-night or longer stay.
GENEVA – IATA reports that growth in premium air travel accelerated in May, rising 6.5% on-year compared to 3.8% in April. It says demand conditions are picking up again, after signs of wavering during recent past months.
JAKARTA – The first Double Tree by Hilton branded hotel in Indonesia has opened in Jakarta. The 253-room Double Tree by Hilton Jakarta – Diponegoro offers 1,400 sq m of meeting and banquet area, three dining outlets and a 24-hour business centre. www.jakartadiponegoro.doubletree.com (ATI).
SINGAPORE - CapitaLand’s wholly-owned serviced residence business unit, Ascott, has crossed a milestone of 35,000 apartment units globally as it steps up its growth in China, securing contracts to manage more than 900 apartment units in Taiyuan, Beijing, Shanghai and Dalian.The 170-unit Ascott Taiyuan is slated to open in 2018, the 195-unit Ascott Riverside Garden Beijing and 342-unit Somerset Sunland Shanghai in 2016. An existing 195-unit property in Dalian has been rebranded as the Somerset Grand Central Dalian.
MELBOURNE - Melbourne Airport total international passengers increased 11.3% in May 2014 compared with 2013 to reach 603,000 passengers. Japan saw 104.8% growth with Jetstar's new Melbourne-Narita service starting in April. Other North East Asian countries performed particularly strongly, the region up 24.9% for the period, including China, up 17.3% which is the strongest growth for 2014 excluding Chinese New Year.