Swiss International Air Lines Reports Quarterly Profit
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Switzerland's struggling national airline swung to a profit for the third quarter but pledged Tuesday to keep cutting costs as it felt the bite of high oil prices and competition from low-cost carriers in ...
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Swiss Reinsurance Co., the world's second-largest reinsurance company, posted a first-half net profit on Thursday of 1.4 billion Swiss francs (&#36;1.1 billion), more than double its earnings for the same period last year.
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The company said quarterly profit rose to $494 million despite a slowing U.S. economy, but it lowered its full-year earnings outlook.
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Japan Airlines flew into profit in the three months to December, reversing losses in the previous year.
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The airline posts its first profit in three years.
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The French airline Air France-KLM has reported a 7.8-percent rise in second-quarter operating profit owing to strong passenger traffic, but net profit slumped on exceptional factors.
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Saab AB reported a gain in its third-quarter profit on Friday as contracts for its military and aviation equipment remained steady during the quarter.
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United Parcel Service posted quarterly profit of $1.1 billion, citing its global package, supply chain and freight business, which offset a slower U.S. small-package market.
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ZURICH : Swiss reinsurance group Swiss Re said it had nearly doubled its net profit in the first half of the year thanks to a better-than-expected investment result.
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The airline reported profit of $241 on double-digit passenger revenue growth in every segment of its business except for domestic flights.
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BERN, Switzerland -- Swisscom posted a 0.7% increase in revenue to CHF 7.53 billion for the first three quarters of 2004. Operating income before interest, tax, depreciation and amortisation (EBITDA) decreased year-on-year by 3.5% to CHF 3.4 billion.
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Zurich Financial Services AG, Switzerland s biggest insurer, had its first quarterly profit decline in two years amid costs from the worst U.S. hurricane season in more than a century.
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The US plane maker announces an 84% drop in quarterly profits but beats market expectations.
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Swiss Life Holding, Switzerland s biggest life insurer, said profit in the first half surged as it paid less to pensioners and had a gain from regulatory changes.
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The discount carrier posted quarterly net income of $162 million on strong demand.
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Air France KLM reported an second-quarter operating profit up 7.8 percent to 568 million euros ($731 million) on Thursday and hiked its merger synergy targets as it repeated forecasts on full-year earnings.
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Software maker Siebel Systems Inc. on Wednesday said its third-quarter results swung to a profit on improved licensing revenue. The company reported earnings of $19.