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Lahart says Delta's move to go after Singapore Airlines 49% stake in Virgin Atlantic is the right move because of the landing rights it gains at Heathrow Airport in London. Delta is in a much better position to take advantage of the 304 takeoff and landing slots of Virgin than Singapore Airlines. It also helps ramp up the small number of 28 slots Delta holds at Heathrow, so that it can compete with American Airlines (AMR) and United on transatlantic routes.
Lahart says Delta's move to go after Singapore Airlines 49% stake in Virgin Atlantic is the right move because of the landing rights it gains at Heathrow Airport in London. Delta is in a much better position to take advantage of the 304 takeoff and landing slots of Virgin than Singapore Airlines. It also helps ramp up the small number of 28 slots Delta holds at Heathrow, so that it can compete with American Airlines (AMR) and United on transatlantic routes.
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Chevron's stagnant share price in 2013.
Chevron's stagnant share price in 2013.
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The emergence of Tencent as one of China's largest internet companies.
The emergence of Tencent as one of China's largest internet companies.
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Original article 1 minute, gist 1 minute
Original article 1 minute, gist 1 minute
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India's largest oil refiner, state owned Indian Oil, had a loss of $4 billion in the June 2012 quarter. Analysts say prices have to go up by 26% for sales to be profitable. The government mandates fuel prices at below market rates. Below market prices for diesel are estimated to cause 60% of the loss at refiners.
India's largest oil refiner, state owned Indian Oil, had a loss of $4 billion in the June 2012 quarter. Analysts say prices have to go up by 26% for sales to be profitable. The government mandates fuel prices at below market rates. Below market prices for diesel are estimated to cause 60% of the loss at refiners.
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