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/ 22 May 2008

Airline shares hit as soaring fuel bills dent profits

The world’s top airlines warned on Thursday that soaring fuel prices were hitting profits, prompting some to increase fares, and global leader American Airlines announced thousands of job cuts to counter higher costs. Airline stocks fell sharply in Asia and Europe after stock in American’s parent AMR shed a quarter of their value as investors fretted over the cost of jet fuel.

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/ 10 October 2007

SAA faces new competitors

South African Airways (SAA) is facing two new challenges: One in its regional market and another on its United States routes. United States airline Delta will start a new non-stop service between Cape Town and New York on June 4. Delta reports passenger loads of more than 80%.