Italian flagship carrier Alitalia has vowed to cut costs by €1 billion ($1.07 billion) over the next three years in a bid to return to profitability by 2019, as Italy’s flagship airline embarks on yet another high-stakes restructuring
Airlines want one global deal to reduce carbon dioxide emissions from air travel despite higher costs, in order to avoid a patchwork of regulation that would be harder to manage, an executive of the International Air Transport Association (IATA)
UAE's Etihad Airways will not be hiring non-operational staff 'until the end of year', said a report citing the airline's president and CEO James Hogan.
The hiring freeze, which was introduced in the first quarter,
More senior oil and gas professionals in the UAE felt their organisation had been successful in achieving its cost-efficiency targets over the past year than the global average (83 per cent versus 74 per cent globally), according to a new repo
Price of fresh fish could increase by up to 20 per cent in the next two months in Bahrain due to a hike in fuel prices. The Professional Fishermen’s Society said an increase in the cost of Jayyid petrol and diesel used to power fishing v
Companies must not compromise critical industry assets in their endeavour to reduce costs, said experts at the Adipec Offshore and Marine conference.
Experts also emphasised during Adipec’s inaugural Offs
Abu Dhabi National Oil Company (Adnoc) is looking to take advantage of market conditions and bring down the operating cost of its projects by 25 per cent, a top executive said.
"From Adnoc's point of v
The author is a Reuters contributor. The opinions expressed are his own.
Studying abroad may be an alluring idea in college. But the cost makes it a reality for only about 300,000, or 1 per cent, of students each year, ac
As prices of food, water and electricity rise further beyond reach, struggling Iranians are losing belief in their pragmatic president, Hassan Rouhani, and his promise of a brighter future.
The country has been hit by the double h