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Airports Company SA profit falls on weak economy, costs

Bloomberg Airports Company South Africa’s full-year profit fell 59 percent to $15.4 million as a weak economy and cost pressures constrained revenue growth. The company, which manages South Africa’s major airports, reported a 4.6 percent decline in earnings before interest, tax, depreciation and amortisation to 2.8 billion rand, despite a 5.6 percent increase in revenue to 7.1 billion rand, Acting ...

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United, Expedia end e-ticket sales feud

Bloomberg United Airlines Holdings Inc and Expedia Group Inc reached a deal to continue online ticket sales, ending a standoff in which the airline had threatened to withdraw from one of the internet’s largest travel sellers. The agreement covers a multiyear period, the companies said in a statement without specifying how long it would last or disclosing other terms. United, ...

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Walmart revives defunct fashionista brand Scoop

Bloomberg Walmart Inc’s quest to go upmarket has now taken the red-state retailer to the streets of Manhattan. The company has revived the defunct Scoop label and will position it as a private fashion brand, Walmart’s online fashion chief Denise Incandela said in a statement. Walmart’s website and some stores will carry more than 100 items including tops, shoes and ...

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