Topic: Transportation and Logistics Sector
SAS to raise cash, cut 700 jobs after Q4 loss
AP News
SAS to cut 700 jobs, raise $670M in share issue after posting quarterly lossSAS stocks nosedived Tuesday after the Scandinavian airline group posted a fourth-quarter loss and asked shareholders for 5 billion kronor ($670 million) to help repair its ailing finances. Pressured by the economic downturn and competition from low-cost ...
JAL to stay with American in blow to Delta
Reuters US Online Report Business News
TOKYO (Reuters) - Japan Airlines <9205.T> said it would keep its partnership with American Airlines <AMR.N> in the Oneworld alliance, ending an attempt by Delta Air Lines <DAL.N> to entice the bankrupt carrier to its rival SkyTeam group. JAL, Asia's largest ...
SC ports to unveil concept for cruise terminal
AP Features
South Carolina Ports Authority to unveil concept for new passenger cruise terminalAfter months of meetings and planning, a South Carolina agency is unveiling a concept for a new cruise terminal to serve the state. The South Carolina State Ports Authority said the concept will be shown at a community meeting ...
Japan Airlines rejects Delta, stays with American
AP Features
Japan Airlines spurns Delta Air Lines, opts to keep alliance with American AirlinesJapan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, spurned the world's biggest carrier and opted to keep its alliance with American Airlines. The Japanese carrier said Tuesday ...
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