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Emirates expects to reap over $1 billion in profits this year

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.

Omnivest plans to build $1 billion resort in Salalah

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 offers JAL $1 billion

Delta and its SkyTeam Alliance partners are making a $1 bil offer to lure struggling Japan Airlines from its affiliation with American Airlines.

Visitor spending in Hawaii plunges by almost $1B

WAIKIKI - The recession has dealt another financial blow to Hawaii's tourism industry.The state says a loss in visitor spending is nearing the billion dollar mark.

Copa Airlines places 1B order with Boeing

Boeing Co. said that Panamanian airline Copa has ordered 13 737-800 airplanes worth $1 billion at list prices.

US$1 billion of junkets junked by US businesses

Shamed by images of wealthy corporateers cavorting at the expense of ordinary people, US companies canceled an estimated US$1 billion worth of conferences in the first two months of this year and trim

Delta taps $1B credit line to smooth Northwest merger

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.

Airlines to lose more than $1 billion in 2008

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.