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October 28, 2009

China’s Big Three make third-quarter U-turn Air China, China Eastern Airlines and China Southern Airlines enjoyed a financial turnaround in the third quarter owing to a strong recovery in the domestic market and gains on their fuel hedges. [MORE] Continental joins Star Alliance Continental Airlines yesterday became the 25th member of Star Alliance in Newark ceremonies attended by leaders of current and future member airlines, at which CO also unveiled a winglet-equipped 757-200ER in alliance livery. [MORE] LAN profit falls 47.3% on declining yield LAN Airlines reported third-quarter net income of $52.1 million, down 47.3% from an $83 million profit in the year-ago period, as both passenger and cargo yield declined owing to the recession and the swine flu scare. [MORE] Jet Airways suffers deeper loss, sees 'revival' on horizon A five-day pilot strike combined with "a lean season and lower yields" dragged India's Jet Airways to a INR4.07 billion ($86.6 million) loss in its fiscal second quarter ended Sept. 30, deepened 5.8% from the INR3.85 billion deficit reported in the year-ago period. [MORE] Other News FAA revokes Northwest pilots' licenses IATA: Airline CFOs optimistic following relatively stable third quarter Clickair merger boosts Vueling's bottom line [MORE]

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