Tag: 龙凤419

Air Canada CEO brushes off trade woes amid higher revenues and lower

first_imgMONTREAL – The head of Canada’s largest airline brushed off concerns around U.S.-China trade woes and wavering stock markets, saying demand for Air Canada flights will hold firm in the near term.“The trade dispute, the softening of the economy, the bumpy equity markets the last few weeks — despite that, in our markets we continue to see strong demand,” said chief executive Calin Rovinescu on a conference call with investors Wednesday.Despite a tumble in profits caused by rising fuel prices, the Montreal-based carrier saw premium fare classes and ancillary fees propel it to better yields in the third quarter, with a healthy outlook for the fourth.“We’ve invested very heavily in the top end of our business, and we think that that is something that helps sustain us,” Rovinescu told analysts.Air Canada’s net income fell 63 per cent year-over-year to $645 million — or $2.34 per diluted share — in the quarter ended Sept. 30. That compared with $1.72 billion, or $6.22 per diluted share a year ago — when the company benefited from an income tax recovery of $758 million.Operating revenues jumped 11 per cent to $5.42 billion from $4.88 billion a year earlier.Excluding one-time items, adjusted earnings decreased 39 per cent to $561 million or $2.03 per diluted share, from $922 million or $3.33 per share a year earlier.Analysts on average had expected an adjusted profit of $2.09 per share for the quarter, according to Thomson Reuters Eikon.“Fuel was the dragon slayer, the huge impact on the operating line,” said Robert Kokonis, president of Toronto-based consulting firm AirTrav Inc.Air Canada’s per-litre fuel costs skyrocketted 40 per cent to 83 cents in the third quarter from 59.4 cents a year earlier. Though its operating cost per available seat mile — a key cost-efficiency metric — ballooned by nearly 10 per cent, that same metric adjusted to exclude fuel costs nudged up by only 1.1 per cent.If the economy holds, so will demand, Kokonis said.“Air travel is one of the first sectors to show that there’s going to be an economic retraction because travel is such a discretionary expense — not as much for corporate travel, but certainly leisure travel.”Business and premium economy passengers helped Air Canada offset its fuel expense. Revenue from the business cabin rose by $98 million, a 13 per cent bump, said chief commercial officer Lucie Guillemette. Premium fares helped produce a 4.2 per cent increase in passenger revenue per available seat mile.Ancillary revenues, meanwhile, shot up by 14 per cent over the past nine months compared to the same period last year, driven by baggage fees, upgrades and seat selection.Carriers have been adding fees for a decade and now charge more for seats with leg room, early boarding, meals and beverages, entertainment and wireless access. Air Canada earned more than $1 billion from these payments last year while WestJet Airlines Ltd. collected about $440 million.Rovinescu confirmed Wednesday that Air Canada still expects to seal the Aeroplan deal by the end of the year. In August, Aimia Inc. reached a tentative $450-million agreement to sell the rewards program to an Air Canada-led consortium that, if closed, would end more than a year of confusion over the airline’s commitment to the program it founded.The quarterly results should be viewed “favourably” given “volatile” fuel prices, said Canaccord Genuity Corp. analyst Doug Taylor. Air Canada’s 3.4 per cent uptick in passenger revenue per mile contrasted sharply with WestJet’s 4.4 per cent decline, he noted.“What will be striking over the next year is that even in a scenario where Air Canada’s performance is flat, there are enough other items — the loyalty program…the free cash flow of the company — that there’s a lot of catalysts for share price improvement.”Air Canada’s shares gained $1.50 or 6.4 per cent at $24.91 in afternoon trading on the Toronto Stock Exchange.Companies in this story: (TSX:AC, TSX:WJA, TSX:AIM)Note to readers: This is a corrected story. An earlier version reported Air Canada’s net income per diluted share as $6.22.last_img read more


October 13, 2019 0

Experts to work with energy industry on oil price solutions for Alberta

first_imgNotley calls the price gap a “real and present” danger that hasto be addressed in the long term with more pipelines.The premier is travelling to Ottawa and Toronto next week to makeher case.The experts are Robert Skinner of the University of Calgary’sSchool of Public Policy, deputy energy minister Coleen Volk andBrian Topp, Notley’s former chief of staff and a policy consultant.She is giving them two to four weeks to report back to her.Last week, Cenovus Energy and Canadian Natural Resources calledfor government-imposed temporary cuts until the oil glut clears up,but Suncor Energy and Husky Energy have rejected the idea. EDMONTON, A.B. – Alberta Premier Rachel Notley has appointed threeexperts to work with the energy industry to find ways to close anoil price gap that is costing Canada tens of millions a day.Notley says the Canadian economy is losing $80 million every daybecause oil from Alberta is selling about $45 a barrel less thanWest Texas Intermediate in the United States.She says that’s because there is an oversupply of Alberta oil dueto a lack of pipeline capacity to move it to markets.last_img read more


October 13, 2019 0

DCPCR to approach police, civic bodies regarding child labour at spa centres

first_imgNew Delhi: To curb child labour, the Delhi Commission for Protection of Child Rights (DCPCR) will soon be approaching the Deputy Commissioner of Police of 15 districts and civic bodies seeking the details of spa centres running in their respective areas.The child rights body noticed irregularities in several spa centres in East Delhi during their inspection. The DCPCR members Roop Sudesh Vimal, Rita Singh and Ranjana Prasad conducted an inspection in more than a dozen spas running in East Delhi area. “We found many irregularities like staff registers were not maintained, no fire safety measures, no proper verification, the positioning of CCTV,” said Roop. He further stated that they will write to DCPs and Police Commissioner to seek details regarding spas operating in their respective jurisdiction. “We can conduct surprise check to know whether these spas are employing children,” Roop further said adding that they will also write civic bodies regarding the data. Meanwhile, three girls appeared to be minor rescued from a prominent mall in Shahdara district area. Deputy Commissioner of Police (Crime) Joy Tirkey said that in a joint operation of crime branch, local police, DCPCR and Child Line, on March 14, a search operation was carried at the spa centres at the mall. “Three girls who were appearing to be minor were rescued during the raid. They were handed over to the local police for their age verification and further course of action,” said DCP Crime. The DCPCR had recently launched the initiative where they will reward good samaritans for credible information on child labour. The DCPCR notice said that for the rescue of one child, there is a reward of Rs 1,000 whereas rescue of two-five children Rs 2000 is the reward whereas for six to 10 children, the reward increases to Rs 5,000. “The reward for the rescue of 11 or more children is Rs 10,000,” reads the notice.last_img read more


October 12, 2019 0

Myanmar court jails Rakhine leader for 20 years for treason

first_imgSittwe (Myanmar): A Myanmar court on Tuesday sentenced a prominent ethnic Rakhine leader to 20 years in jail for treason, a verdict likely to intensify anger amid fighting between the ethnic group and the army. Security forces tried to calm hundreds of supporters outside the court in Rakhine state capital Sittwe as Aye Maung was escorted to a waiting police van following the verdict. Aye Maung, the former chairman of the Arakan National Party — which is renowned for hardline views against the Rohingya Muslim minority — was sentenced for treason and defamation over an allegedly inflammatory speech in January 2018, a day before deadly riots. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from USState-backed media at the time said he railed against the central government for treating the ethnic Rakhine as “slaves” and said it was the “right time” for the community to launch an armed struggle. The following evening, Rakhine protesters briefly seized a government building and police opened fire, killing seven people. Aye Maung and a fellow detainee — writer Wai Hin Aung, who also gave a speech at the same rally — were detained days later. Also Read – Record number of 35 candidates in fray for SL Presidential polls”Both Dr Aye Maung and writer Wai Hin Aung were sentenced to 20 years each… for the charge of high treason and two years each for defamation of the state,” Wai Hin Aung’s defence lawyer Aye Nu Sein said. Myanmar’s Rakhine state is cut by violence and hatred. A brutal military crackdown in 2017 forced some 740,000 Rohingya Muslims over the border into Bangladesh. Yet the ethnic Rakhine Buddhist population, some of whom are accused of aiding soldiers in the anti-Rohingya campaign, also feels marginalised by the state. The lawyer said they were discussing whether to appeal. Treason can carry the death sentence. Supporters of the pair were enraged by the perceived persecution of two prominent Rakhine figures. “This is not fair. This is oppression and bullying of ethnic Rakhine people,” one woman shouted in front of court, as the protesters spread to the centre of the town. In recent weeks, the military has waged war on the Arakan Army (AA), an armed group claiming to represent the ethnic Rakhine. The group launched a brazen attack on police posts in early January that killed 13 officers and killed nine more policemen earlier this month. The violence has spread to the ancient temple city of Mrauk U, the former capital of the Rakhine kingdom and a popular tourist site — the same town where Aye Maung gave his controversial speech last year. Support for the AA has grown with the fighting, even though several thousand Rakhine have been forced from their homes by the violence. A further 600,000 Rohingya remain in Rakhine without citizenship, restricted to either camps or their villages, many unable to access medical care. Much of northern Rakhine is in lockdown and information is difficult to verify independently.last_img read more


October 12, 2019 0

Washington Welcomes Reform of Morocco’s Military Code of justice

first_imgWashington  –  The United States “welcomes” the Moroccan government’s initiative to reform the Military Code of Justice and to exempt civilians from trial by military tribunals, a U.S. State Department official told Maghreb Arab Press (MAP), calling the decision as “an important step forward in strengthening the protection of human rights in Morocco.” “In the Joint Statement issued on the occasion of the November 22 visit of King Mohammed VI to Washington DC, President Barack Obama welcomed the Sovereign’s commitment to end the practice of military trials of civilians,” the official recalled.“We are pleased to see this commitment made concrete in the form of this draft law. We understand it will now move to Parliament for that body’s approval.”  “We urge the Parliament to act quickly to pass the law so that its impact is not delayed,” he said. The US official also noted that the United States also welcomes “the growing role of the National Council on Human rights as a credible and proactive defender of human rights, and are encouraged by the Council of Government’s decision to strengthen the CNDH by ensuring that government agencies address complaints directed to it.”He said “both of these measures are important steps forward in strengthening the protection of human rights in Morocco and in realizing the promise of the 2011 Constitution.”last_img read more


October 12, 2019 0

Sweet victory silences critics

Jim Tressel opened up the Ohio State offense, the Buckeyes overcame an athletic disadvantage and OSU finally ended its BCS Bowl Game hex.In related news, Hell froze over, pigs were spotted airborne and the Chicago Cubs won the World Series.OK, so only one of those sequence of events actually occurred. But considering OSU’s nationwide reputation lately, widespread perception would have told you that the chance of either series of events was slim to none.Tressel pushed all of the right buttons in the Buckeyes’ dismantling of the Ducks. The conservative coach stuck to his guns during the regular season, even after repeated BCS Bowl Game failures.Over the past three postseasons, the Buckeyes came up short against quicker, more aggressive and more athletic opponents.Ohio State, winners of five consecutive Big Ten titles, represents a conference that has fared poorly in recent bowl seasons. That has made the Buckeyes, and Tressel, the primary targets for criticism.Oregon, another athletic adversary that runs a spread offense and represents a conference that has performed well in recent bowl seasons, embodied all of the components that the Bucks haven’t been able to overcome in recent memory.So Tressel changed gears.In a late-season surge, the Buckeyes powered through the tough part of their schedule — Penn State, Iowa and Michigan — with a dominant run game.Against the Ducks, Ohio State came out throwing the football, as quarterback Terrelle Pryor attempted 24 passes in the first half alone.Ohio State’s inability to execute a diverse offensive scheme? No longer.An Oregon offense that had terrorized opponents for 37.7 points per game was held in check. Shifty, elusive quarterback Jeremiah Masoli finished with just 81 yards through the air and 9 yards on the ground. The Ducks’ potent offense managed to gain just 260 yards, a far cry from its average of 425 through the regular season.Oregon’s athletic advantage on offense? Neutralized.The Bucks put the Big Ten on their backs and carried the conference to its first signature postseason victory since Ohio State thwarted Notre Dame four years ago in the Fiesta Bowl. Penn State’s win over LSU earlier in the day helped as well, temporarily quashing the notion that the Big Ten can’t hang with the SEC. Obviously, one Capital One Bowl victory doesn’t nullify that theory (especially when Auburn topped Northwestern just hours earlier), but both Big Ten wins on New Year’s Day boosted the Big Ten back toward respectability.Big, slow Big Ten teams can’t win the big game? No longer a go-to media critique.Carrying the brunt of the Big Ten load, the Buckeyes have felt the most heat over the past 36 months. Tressel’s close-to-the-vest coaching style has produced annual conference crowns, but not the ideal postseason results. The coach finally shook things up when he needed to, and his Buckeyes are reaping the benefits.Incessant roar from Buckeye critics? Silenced.Whether Hell froze over or not, the Buckeyes’ national perception should finally start warming up. read more


September 28, 2019 0

Lavenders legacy etched in record books

No basketball player had ever won four Big Ten Player of the Year awards before Jantel Lavender. The 6-foot-4 Cleveland native ended what might be the most productive career the Ohio State women’s basketball program ever has seen. Before she received her diploma on March 20, she was busy rewriting both school and conference record books. Lavender holds OSU records in points (2,818), rebounds (1,422), field goals made (1,142), field goals attempted (2,156), consecutive games started (135), single-season points (769 in 2009–10), single-season rebounds (374 in 2008–09) and was the first player to score 2,000 career points (in her junior season). In her final game in scarlet and gray on Saturday, Lavender’s 19-point performance capped a career in which she never registered fewer than 10 points in a game. She holds the NCAA record for most double-digit scoring performances in history, with 136. “I’ve been fortunate enough to coach six All-American centers,” coach Jim Foster said. “The numbers Jantel put up in her career speak for themselves — (she was a) model of consistency, day in and day out.” Aside from holding records, Lavender was the backbone of a team that excelled in a halfcourt offense because of its ability to play from the inside out. Her effectiveness in the post opened up the floor for OSU’s outside shooters. Tennessee coach Pat Summitt recruited Lavender out of Cleveland Central Catholic High School, and even made an unusual lineup change to compensate for her skills on the block when the two teams squared off on Saturday. Kelley Cain, a player who had only made 17 starts on the season for the Lady Volunteers, was called on because Summitt needed her 6-foot-6 frame to slow down the NCAA’s best player. Cain scored 16 points, but only collected two rebounds to Lavender’s 10. Lavender went to Knoxville, Tenn., on an official recruiting visit in high school, but said it wasn’t the right fit, despite it being one of the most prestigious programs in college basketball. “She’s truly one of the best post players that we’ve faced,” Summitt said. “She’s got great skill set. She obviously is very tough-minded, and has done a great job for this Ohio State team and obviously been an impact player throughout her career.” Lavender’s all-time mark for double-digit scoring performances is nothing new. Even in high school, she never had a game in which she scored fewer than 10 points. Foster, a veteran coach of 33 years who’s seen many great players, was in no way surprised at the type of career Lavender put together. “I thought she would come in and be able to do the things that (former center Jessica) Davenport had done. It’s a great run,” Foster said. “I think probably just the way the league was and what our need was, you have to be a little surprised that she was Player of the Year as a freshman, but I don’t think anything she’s done in the three years since then would surprise you, relative to the Player of the Year deal.” Lavender was not outwardly emotional about the end of her career after Saturday’s loss. She said she was unsure whether she would ever take time to reflect on her four years at OSU. “I haven’t really thought about it yet,” Lavender said, “but I don’t know.” Foster chimed in, “Maybe at dinner.” read more


September 28, 2019 0

Tottenham ends interest in Wilfried Zaha

first_imgTottenham is no longer looking to secure Wilfried Zaha after finding out Crystal Palace kept the Premier League winger monetary value at an incredible £70million.Zaha has been one of the high-profile targets Tottenham have been considering to secure since they’re determined to back coach Mauricio Pochettino in the transfer window this summer.The 25-year-old had a superb season at Palace and assisted in keeping them in the Premier League. Despite now representing Ivory Coast at international level, he would still crucially count as a homegrown player in their Champions League squad next term due to coming through Palace’s academy.Joel Ward, Crystal PalaceHow Joe Ward thanks his faith for his football Manuel R. Medina – September 13, 2019 Crystal Palace defender, Joel Ward, has thanked his Christian faith for helping him play football professionally and he explains why.It seems Palace have no intention of selling Zaha as it’s obvious he is one of their backbone assets, they also put him in a similar bracket as Riyad Mahrez, who could soon be joining Manchester City from Leicester for £75m, but instead of cashing in, Roy Hodgson’s side are actually planning to offer Zaha another new contract, according to Standard Sport.He agreed on a five-year deal with Palace worth around £110,000 a week in May 2017. The plan then was to scare off other clubs from pursuing him and as we can see, that’s really the case too.Tottenham see Zaha as an upgrade on the inconsistent Erik Lamela, as well as an option to play up front.last_img read more


September 18, 2019 0

Cengiz Under expects mutual respect from Madrid

first_imgCengiz Under believes European Champions Real Madrid will show mutual respect when they play Roma owing to last season’s performance in the competition.Roma completed an astonishing comeback in last season’s Champions League quarter-final, winning 3-0 at the Olimpico to progress on away goals after a 4-1 defeat in Catalonia.And Turkish forward Under is confident that Los Blancos and everyone else” will have more respect for the Giallorossi after last year’s win over Barcelona.“Against Barcelona, we got a result which was unlikely after the first leg,” Under recalled, speaking to Sky.James Rodriguez, Real MadridZidane hails ‘quality’ James Rodriguez after Real Madrid’s win Andrew Smyth – September 14, 2019 Zinedine Zidane reserved special praise for James Rodriguez after his starring role in Real Madrid’s 3-2 win over Levante.“It was an extraordinary thing that no-one expected. I think Real Madrid and everyone else will have more respect for us.“In the meantime, we have Chievo on Sunday, we’re aiming to win that and then concentrate on Real Madrid.“Once we overcome Chievo we can concentrate on Real Madrid as soon as possible.”Eusebio’s men will be hoping to improve on last season’s performance as they hope to win the Champions League for the first time in the history of the club.last_img read more


September 18, 2019 0

Marotta hints on Perisics move to Arsenal

first_imgBeppe Marotta admits Ivan Perisic is likely to complete a switch to Arsenal with the sporting director confirming the player doesn’t want to stay at the club.Perisic has reportedly agreed to personal terms with Arsenal but a sticking point remains the structure of his transfer, and Marotta warned time was running out for the Gunners.“The meal went well,” the Nerazzurri chief disclosed to Football Italia after a meeting with Inter Coach Luciano Spalletti and the club’s board.“It’s a normal situation and it happens at all clubs because yesterday the President couldn’t come to Turin.“We took stock of the situation, it’s normal. Perisic? I repeat, it’s difficult to keep players who don’t want to stay, but no real offer has come in yet so there are no grounds [for him to leave right now].Top 5 Premier League players to watch for next weekend Tomás Pavel Ibarra Meda – September 11, 2019 With the international activity cooling down for the next month, we go back to the Premier League’s Top 5 players to watch this weekend.After…“It’s up to us to manage this situation. I was hoping for a very quiet transfer window. Instead, there have been very few developments and plenty of dissatisfaction.”Morning. Here’s a video of Perisic making defenders fall over, pic.twitter.com/ZT3oMsuoWY— Aido (@HandofEmery) January 28, 2019last_img read more


September 18, 2019 0