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Emirates Airline is on track to reap more than US$1 billion (Dh3.67bn) in profits this year and has hinted strongly it will announce a multibillion-dollar order for more Airbus A380 superjumbos today.
MUSCAT - Oman's Ominvest OMAN.OM is planning to build a $1 billion tourism resort in the southern port city of Salalah, the company's chairman said on Wednesday.
Delta Air Lines Inc., the third-largest U.S. carrier, said it has drawn on a $1 billion revolving credit line to boost its cash holdings as it prepares to acquire Northwest Airlines Corp.
Calyon Securities said the U.S. airline industry was expected to lose more than $1 billion this year due to high fuel prices and likely fare cuts as a result of slackening demand, but added that liquidity for major airlines was sufficient for now.