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November 11, 2009

SIA suffers heavy loss but sees demand 'gradually recovering' Singapore Airlines reported a S$158.8 million ($114.4 million) loss in its fiscal second quarter ended Sept. 30, reversed from a S$323.8 million profit in the year-ago period, but said that "advanced bookings indicate that demand for air travel has stopped declining and is gradually recovering." [MORE] Korean Air posts second straight quarterly profit Korean Air posted third-quarter net income of KRW264 billion ($227.9 million), a dramatic turnaround from the KRW684.1 billion loss it suffered in the year-ago period, marking its second straight profitable reporting period after six consecutive quarterly losses. [MORE] Gol swings to $45.6 million profit Gol reported third-quarter net income of BRL77.9 million ($45.6 million), reversed from a BRL510.7 million loss in the year ago period when foreign exchange losses and interest expenses weighed down the bottom line. [MORE] Mexicana's Borja extols oneworld's benefits Grupo Mexicana CEO Manuel Borja expects that the carrier's membership in oneworld will strengthen its "position considerably in an increasingly competitive marketplace" and boost international passenger traffic by 5%-7%. [MORE] Other News Government investment to key Malev turnaround Shenzhen turns to Henan government for Kunpeng rescue Malaysia Airlines transitions to SITA res system [MORE]

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