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Saudi Arabia’s NCB Q3 profit up 8.4%

DUBAI / Reuters Saudi Arabia’s National Commercial Bank (NCB), the kingdom’s largest lender, reported a 8.4 percent rise in third-quarter net profit on Sunday, helped by a fall in expenses and provisions for bad loans. The bank made a net profit of 2.13 billion riyals ($568 million) in the three months to September 30, it said in a bourse statement. ...

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Ryanair pilots demand double pay offered by airline at Stansted

Bloomberg Ryanair Holdings Plc’s pilot uprising shows little signs of abating, with an ad-hoc group demanding that a wage increase offered to crews at London Stansted airport be doubled and extended across the budget airline’s European bases. The unofficial European Employee Representative Council made the proposal to pilots after cockpit crews at Ryanair’s biggest base rejected the existing offer, according ...

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Garuda sees profit in 2018 on cost cuts after loss this year

Bloomberg PT Garuda Indonesia is targeting a return to profit next year after a loss in 2017 as the flag carrier works to reduce expenses and operations improve. The airline is predicting a profit of $75 million in the second half ending December but won’t be able to post a profit for the 12-month period following a larger loss in ...

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