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Jetstar, Hawaiian feel impact of weaker $A as travellers switch destinations

2015-08-05 11:41:29| Airlines - Topix.net

Jetstar and Hawaiian Airlines have experienced a dip in demand for flights to the United States as the prospect of a more expensive holiday due to the strength of the greenback encourages travellers to switch to cheaper destinations in south-east Asia such as Bali. Speaking in Sydney on Wednesday, Jetstar chief executive Jayne Hrdlicka said the weaker Australian dollar had shifted "at a moderate level" demand away from destinations such as Hawaii.

Tags: feel impact switch destinations

 

Twin Disc reports weaker 4Q, but fiscal 2015 profits jump

2015-08-04 19:58:54| Automakers - Topix.net

Twin Disc Inc. reported Tuesday that net income for the fiscal fourth quarter dropped on weaker sales in the oil and gas markets in both North America and Asia. Twin Disc , a Racine-based manufacturer of heavy-duty off-highway power transmission systems, said net income for the quarter ended June 30 was $437,000, or 4 cents per share, down 81 percent from $2.3 million, or 21 cents per share, for the same period a year ago.

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Chevron profits plunge 91 percent on weaker crude oil prices

2015-07-31 20:40:37| Energy - Topix.net

Chevron profits plunged 91 percent, a feeble financial result that was caused by falling oil prices and charges against earnings, the energy giant reported Friday in a release that came days after wide-ranging job cuts by the company. Shares of Chevron nose-dived more than 4 percent on Friday following the report, which missed Wall Street's expectations.

Tags: prices percent oil profits

 

Chevron profits plunge on weaker crude oil prices

2015-07-31 20:18:14| Oil & Gas - Topix.net

Chevron profits plunged 91 percent, a feeble financial result that was caused by falling oil prices and charges against earnings, the energy giant reported Friday in a release that came days after wide-ranging job cuts by the company. Shares of Chevron nose-dived more than 4 percent on Friday following the report, which missed Wall Street's expectations.

Tags: prices oil profits crude

 

NEWS & ANALYSIS: UMC Cuts Expectations for 28nm Ramp on Weaker Demand

2015-07-30 10:51:29| Electronics - Topix.net

United Microelectronics Corp. , the world's second-largest foundry, said its ramp of 28nm process technology will slow as the outlook for demand is likely to remain weak until the first half of 2016 while the chip industry works its way out of an inventory correction. The portion of total revenue for the Hsinchu, Taiwan chipmaker from its most advanced 28nm node will probably drop to about 10% during the second half of this year after peaking at 11% in the second quarter.

Tags: news analysis demand expectations

 

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