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IndiGo Q1 profit dips 97%

Bloomberg IndiGo, India’s biggest airline, fell to the lowest in 16 months as rising fuel prices and a weaker rupee led to its worst-ever quarterly profit in a fiercely-competitive market. The carrier, operated by InterGlobe Aviation Ltd., said net income dropped 97 percent to 278 million rupees ($4 million) in the three months through June, its worst quarterly result since ...

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Ryanair strike woes worsen as German pilots vote for walkout

Bloomberg Ryanair Holdings Plc’s labour crisis deepened as pilots in Germany voted to strike in a dispute over pay and conditions. Crews could walk out at 24 hours’ notice after more than 96 percent of respondents backed industrial action in a poll, the Vereinigung Cockpit union said. It set an August 6 deadline for the discount carrier to avoid disruption ...

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Lotte mulls selling China malls amid anti-Korean sentiment

Bloomberg Lotte Group, reeling from a wave of anti-Korean sentiment in China for more than a year, is considering selling some of its department stores in the country, a move that would accelerate the conglomerate’s withdrawal from the world’s second-largest economy. The sale of some of Lotte Shopping Co.’s five malls is among options being reviewed in the country, a ...

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