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Air France-KLM profit hit by reduction in bookings

Bloomberg Air France-KLM Group third-quarter earnings fell on lower demand for cargo transport and a reduction in lucrative last-minute passenger bookings at the height of the summer travel season. The shares fell the most in eight months. Operating profit dropped 16% to 900 million euros ($1 billion), the carrier said in a statement, missing an average forecast of 963 million ...

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Airline credit cards are getting a very smart makeover

Bloomberg For more than two decades, airline credit cards offered consumers a simple formula: Spend a dollar, earn a mile, pay an annual fee, repeat. If you played the game correctly, you’d score at least a free ticket each year—just by making everyday purchases. The only issue? As powerful rewards cards such as the Platinum Card from American Express and ...

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DGCX trades $373b worth of contracts in 10 months

DUBAI / Emirates Business The Dubai Gold and Commodities Exchange (DGCX) is on course to break last year’s annual volumes record of 22.3 million contracts traded, having already traded 20.3 million contracts this year, valued at $373 billion. Last month, the DGCX traded 1.68 million contracts, and registered Average Daily Volumes (ADV) of 72,921, up 11.5% year-on-year (y-o-y). DGCX’s success ...

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