WEBODIGY Business & Finance Journal

British Airways (BA), Friday (6 / 11) revealed a net loss in the first half four times the same period the previous year and an additional 1200 jobs cut in the program “important” cost reduction.

BA recorded a loss after tax of 217 million pounds (242 million euros, U.S. $ 361 million) for six months until September 30, compared with a loss of 49 million pounds in the same period in 2008.

[Info for you: "All the news KapanLagi.com can be opened in the phone. Ensure that the GPRS or 3G services you are already active, then open your mobile internet browser, enter the address: m.kapanlagi.com"]

“Aviation remains in recession,” BA chief executive Willie Walsh said in a commentary that accompanied the news of the losses in the company.

“With revenues (BA) is likely to be one billion pounds lower this year, we can not keep silent and more significant cost reductions,” he warned.

British Airways said it would cut an additional 1200 jobs, taking total 4900 reduction plan in 2010.

Most of the new disadvantages are outside the UK and follow the high response from the staff who agree to work part time or take voluntary redundancy to help secure the future of the airline.

Reacting to the news of new cost-cutting measures, BA share price rallied 6.28% to 198 pence on the London FTSE 100 index which rose 0.23% to 5137.32 points in midday trading.

BA also announced on Friday that the group sales down nearly 14% to 4.1 billion pounds in the first half.

Some commercial airlines around the world suffered badly from the downturn of the global economy that has cut demand for air travel and the trigger squeezed big cash for this sector.

However, on Monday, low-cost airline of Ireland, Ryanair said that net profit had risen 80% to 387 million euros (U.S. $ 570.8 million) in April-September compared with a figure for the same period 12 months earlier.

On Thursday, the Italian airline Alitalia reports first operating profit since the acquisition by an alliance of business interests of Italy in January.

Meanwhile, BA, in an effort to improve profits and return loss against British rival, Virgin, launched an all business class service from London to New York late September.

Previous efforts of all business class service from airlines like Maxjet and Silverjet failed to turn into the worst decline since the 1930s.

Earlier this year, British Airways decided to remove all the free food other than breakfast on short haul flights in an effort to reduce operating costs.

BA suffered an annual loss of 375 million pounds in the 2008-09 financial year blamed on fuel costs high

Taiwan personal computer maker Acer Inc. on Friday said its net profit for the third quarter rose 14% from the previous year on the rise of global demand.

In the July-September period, Acer recorded net profit of 3.47 billion Taiwan dollars (U.S. $ 107 million), compared with U.S. $ 3.04 billion a year ago.

Since the economic recovery, increased replacement activity, Acer said. “While demand remains sensitive to price, the buyer willing to pay for value-added applications and features,” the company said in a statement.

“In the last three months, Acer sales amounted to U.S. $ 167.62 billion, compared with U.S. $ 159.16 billion last year,” stated the company.

PT Perusahaan Listrik Negara decided only as a buyer of gas from the terminal liquid natural gas storage. Companies that country will not be involved in the construction of terminal storage of liquefied natural gas or LNG that will be built in the Gulf of Jakarta and Medan.

Director General of Oil and Natural Gas Ministry of Energy and Mineral Resources (ESDM) Evita Legowo mention it, Tuesday (5/1/10), when found in the Office of the Ministry of Energy and Mineral Resources, Jakarta.

Originally a consortium that consists of PLN, PT Pertamina and PT Perusahaan Gas Negara intend to build LNG terminals and storage of purchased gas produced. Later PLN decided only as a purchaser of gas in the consortium and does

PLN remained in the consortium, but merely acting as purchaser of gas supplied from the storage terminal – Evita Legowo

not included in the construction of the storage terminal.

“Pertamina and PGN have agreed. The government itself has approved because it’s a business to business agreements,” he said. Thus, PLN is still in the consortium, but merely acts as a buyer of gas supplied from the storage terminal.

Nestle SA said it had got approval to buy food manufacturers business unit of the United States, Kraft, who specialized in the sale of frozen pizzas. This transaction value reached 3.7 billion U.S. dollars.

The purpose of this purchase Kraft unit to develop a food business, especially in the region of North America. In a company statement, Tuesday (5/1/2010), also mentioned, in this transaction also has bought Nestle brands DiGiorno, Tombstone, and California Pizza Kitchen.

In a company statement also said, this time they were also willing to join in the bidding Cadbury Plc.

Frozen pizza business into a pillar of a new strategy for Nestle, especially to expand their markets in the United States and Canada. Because the company has led the food products in this area.

Three ATR 72-500 aircraft owned by Wings Air has arrived in the country. The planes are coming directly from the factory in Toulouse, France, since December 19, 2009. The aircraft made a ferry flight via Cyprus, Dubai, Colombo, Batam and Jakarta. From Jakarta, the plane immediately taken to Manado, North Sulawesi, to be operated.

According to Director of Operations Wings Air Capt. Redi Irawan, in Manado, Tuesday (5/1/2010), Wings has ordered 15 aircraft with an optional 15 aircraft of this type and will arrive until mid-2011. “In this year of seven planes would come again,” he said.

These aircraft will be stationed in Ambon, Ternate, Medan, NTB, NTT, West Kalimantan and East Kalimantan with operations center in Manado.

To support the operation of aircraft, currently educating Wings have 18 sets of pilots in Bangkok. While five sets again, according to Redi, was prepared to follow the terms of education selanjutn yes.

Inauguration of operational ATR 72-500 aircraft owned by Wings is expected to be conducted tomorrow (Wednesday, 6/1/2010) morning at the Sam Ratulangi Airport Complex, Kuantan. The inauguration will be done by Transport Minister Freddy Numberi, attended North Sulawesi Governor, Director General of Civil Aviation, the French Ambassador, and representatives of ATR