Friday , 2 January 2026

Recent Posts

American, Southwest cast pall on sentiment; US airlines sink

Bloomberg US carriers sank after American Airlines Group Inc. trimmed its profit forecast and Southwest Airlines Co. said ticket sales had slowed after its first passenger fatality. A jump in fuel prices over the last two weeks prompted American to cut its expected earnings for this year because “it takes time to adapt,” Chief Executive Officer Doug Parker said. Southwest …

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Malaysia to double airport capacity for 2bn Asia fliers

Bloomberg Malaysia Airports Holdings Bhd. plans to double Kuala Lumpur International Airport’s capacity as it seeks a bigger slice of the 2.1 billion more passengers expected in Asia Pacific in the next two decades. The company is looking to raise the capacity to 150 million, from the current 75 million, in the next 10 to 20 years, Raja Azmi Raja …

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Lotte to sell 22 Beijing stores to China’s Wumart operator

Bloomberg Lotte Group’s retail unit is selling 22 of its stores in Beijing to China-based grocer and hypermarket rival Wumei Holdings Inc. for 256 billion won ($237 million), the Chosun Ilbo newspaper reported, without saying where it got the information. Lotte Shopping Co. has taken a sales hit in China over the past year after the group provided land for …

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