Bloomberg Hainan Airlines Co., the biggest private airline in China, reported a 15.9 percent jump in full-year profit as cheaper oil prices drove down costs and passenger numbers increased. Billionaire Chen Feng’s airline reported net income of 3 billion yuan ($460.6 million) last year compared with 2.6 billion yuan in 2014, the Haikou, Hainan-based company said in a Shanghai stock ...

Bloomberg Richard Branson’s Virgin Atlantic Airways Ltd. almost doubled earnings last year after expanding its pact with 49 percent shareholder Delta Air Lines Inc., hosting more people on holiday packages and benefiting from the drop in oil prices. Pretax profit excluding exceptional items surged to 22.5 million pounds ($32 million) from a restated 12.4 million pounds in 2014, helped by ...

Reuters TreeHouse Foods Inc has announced it would introduce more premium, healthy snacks and popular drinks to revitalise the struggling private-label business it bought from ConAgra Foods Inc last month. TreeHouse’s $2.7 billion acquisition of ConAgra’s business — its biggest ever — makes it the largest private-label food company in the US, with 2015 pro-forma sales of about $7 billion. ...