Who Wants to Join an Airline Alliance?
In this episode of the Airline Weekly Lounge, hosts Gordon Smith and Jay Shabat discuss the latest developments in the One World Alliance, including the recent addition of Oman Air as its 15th member. They explore the implications of this expansion, the challenges of airline alliances in covering global markets, and the potential for future memberships, particularly in regions like India and Latin America. The conversation also touches on the dynamics of airline partnerships, the role of IATA in the industry, and the current state of air traffic demand globally.
Listen to This Podcast
Apple Podcasts | Spotify | YouTube | RSS
Takeaways
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Chubb net income soars 33% to $2.97bn in Q2
Chubb has reported net income of $2.97bn for the second quarter of 2025 (Q2 2025), a surge of 33% from $2.23bn recorded last year. The company achieved core operating income of $2.48bn, or $6.14 per share, reflecting a 12.9% rise. For the quarter ended 30 June, consolidated net premiums written totalled $14.2bn, representing a 6.3% increase, or 7.1% when adjusted for constant currency. Property and casualty (P&C) premiums accounted for $12.39bn, up by 5.2%, while life insurance premiums reached $1.8bn, a 14.1% increase. In North America, P&C premiums grew by 5.3%, with personal lines increasing by 9.1% and commercial lines by 4.1%. The middle market and small commercial segments saw an 8.5% increase, bolstered by a 10.2% rise in P&C lines and a 2.7% growth in financial lines. Major accounts and specialty businesses experienced a 1.5% increase. Overseas general premiums rose by 8.5%, or 10.2% in constant dollars, driven by a 15.3% increase in consumer insurance and a 6.8% rise in commercial. Increases were also noted in Latin America (17.3%), Asia (12.7%) and Europe (8.2%). Conversely, agricultural insurance in North America reported a 3.3% decline in net premiums written, attributed to lower commodity prices. Underwriting income in the P&C segment reached $1.63bn, a 15% increase, resulting in a combined ratio of 85.6%. Excluding catastrophe losses, underwriting income for the current accident year was $2.01bn, with a combined ratio of 82.3%. Pre-tax net investment income was reported at $1.57bn, while adjusted net investment income increased by 7.9% to $1.69bn. Operating cash flow was $3.55bn, with adjusted cash flow at $3.23bn. Total catastrophe losses before tax amounted to $630m, compared to $580m in the previous year. The company also reported favourable prior period reserve development of $249m pre-tax. Chubb noted a 6.1% increase in book value per share to $174.07, while tangible book value per share rose by 8% to $112.64, influenced by gains in investment assets and foreign exchange. Annualised return on equity was 17.6%, with a core operating return on tangible equity of 21% and a core operating return on equity of 13.9%. The company returned $1.06bn to shareholders, comprising $676m in share buybacks and $388m in dividends. Chubb CEO and chairman Evan Greenberg said: "We had a great second quarter. Most all of our businesses and regions of the world contributed to record quarterly results, illustrating the distinctive, diversified nature of our company. Our balance of business, geographically by customer segment and product, is a distinguishing feature of our company. 'As I observed at the beginning of the year, about 80% of our businesses globally have good growth prospects, and we are capitalising on a wide range of opportunities. I have great confidence in our ability to grow revenue and operating income at a superior rate, CATs [catastrophe bonds] and FX [foreign exchange trade] notwithstanding." On the flip side, the company's half-year net income saw a marginal decline of 1.7%, totalling $4.29bn, down from the previous year's $4.37bn. Chubb reported Q1 2025 net income of $1.33bn, down 37.9% year-over-year. "Chubb net income soars 33% to $2.97bn in Q2 " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
an hour ago
- Yahoo
India Trade Pact Nears, US Beef Floods In--What Investors Should Watch Next
Australia may be on the brink of deepening its trade ties with India, according to Trade Minister Don Farrell, who suggested a broader free trade deal could have been inked months ago if not for a timing clash with the May election. Speaking at the Lowy Institute, Farrell hinted that the delay was procedural, not political, and noted that his Indian counterpart is currently focused on high-stakes tariff talks with President Donald Trump's administration. The existing FTAsigned back in April 2022cut tariffs across most sectors, but left out sensitive Australian exports like chickpeas, dairy, and wheat. Farrell expects those gaps could be closed bit by bit, as part of a multi-stage rollout. Warning! GuruFocus has detected 7 Warning Signs with TSN. That optimism is surfacing just as India finalizes a major agreement with the UK and bilateral trade with Australia hits nearly A$50 billion ($32.9 billion) in 2023. Farrell said the structure of a final deal with India is likely to be incremental, owing to political realities on both sides. Still, with Canberra actively seeking to diversify away from Chinaits top trading partnera more comprehensive agreement with India could be a meaningful next step. For investors eyeing agri-exporters, particularly in grains and dairy, the next phase of negotiations could shape longer-term access to one of the world's fastest-growing consumer markets. In a separate move with potential ripple effects, Australia just lifted all remaining restrictions on US beef importsa long-standing ask from the Trump administration. The announcement triggered a celebratory post from President Trump on TruthSocial, but Farrell was quick to tamp down the political narrative, stating the decision was based on science and years of internal review. We haven't done this to win favorwe think the Americans should trade with us anyway, he said. Whether this opens the door to a broader trade pact with the US remains to be seen, but the development is unlikely to go unnoticed by investors in US meat giants like Tyson Foods (NYSE:TSN) or Brazil's JBS, both of which could stand to benefit from expanded market access. This article first appeared on GuruFocus.
Yahoo
2 hours ago
- Yahoo
Asia to dominate worldwide xylene capacity additions through 2030
Asia is poised to spearhead the global xylene capacity additions by 2030, mainly due to increasing demand for its key derivative, paraxylene (p-xylene). Paraxylene is a crucial component in the production of polyethylene terephthalate (PET) and purified terephthalic acid (PTA), which are extensively utilised in the packaging and textile industries, as well as in the manufacturing of a diverse range of consumer products. Asia is anticipated to add a xylene production capacity of 19.23 million tonnes per annum (mtpa) during 2025 to 2030 from eight announced and ten planned projects. China and India are the two countries that are central to the capacity additions in the region, with 6.21mtpa and 5.69mtpa, respectively. The highest capacity additions in the region are expected from four projects, each with a capacity of 2.0mtpa. Two of these projects are being planned in China – Fujian Sinopec Aramco Refining and Petrochemical Zhangzhou Xylene Plant and Huajin Aramco Petrochemical Panjin Xylene Plant. The remaining two – Brunei Hengyi Industries Pulau Muara Besar Xylene Plant 2 and Tongkun Petrochemical Indonesia North Kalimantan Xylene Plant – are being planned in Brunei and Indonesia, respectively. The highest capacity additions in India, on the other hand, are likely to be added from two announced projects – Haldia Petrochemicals Cuddalore Xylene Plant and Haldia Petrochemicals Balasore Xylene Plant – each with a capacity of 1.60mtpa. Both are being planned by Haldia Petrochemicals Ltd and are expected to commence operations in 2029 and 2030, respectively. Global upcoming xylene capacity additions by region, 2025-2030 (mtpa) The Middle East and Africa are other regions that are expected to add a capacity of 3.20mtpa, and 0.12mtpa, respectively, by 2030. The capacity additions in the Middle East are from a planned project in Turkey and an announced project in Saudi Arabia. While in Africa, the capacity addition is anticipated to be added solely from an announced project in Egypt. Further details of global xylene capacity and capex analysis can be found in GlobalData's new report, Xylene Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2030. "Asia to dominate worldwide xylene capacity additions through 2030" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
