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stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates’ deal with Travelport could make flights cheaper

    •  Emirates will distribute its NDC content via Travelport+

    • The firms also extended their longstanding IT agreement

    Dubai-based carrier Emirates was quoted by local reports on Saturday, July 3, as saying that it had reached a commercial agreement with global travel-retail firm Travelport that could reduce the fares of the airline’s customers.

    Travelport’s global distribution system is expected to become functional this month, and travel agencies connected with it can avoid Emirates’ airline surcharge by booking tickets through this GDS, said the reports.

    Given that most travel agencies pass on the airline surcharge to customers, it may be expected that agencies under the Travelport umbrella will remove this charge for flyers who choose Emirates.

    The airline and the travel firm also announced a new long-term agreement to let Emirates distribute its new distribution capability content, or NDC content, via Travelport’s platform Travelport+. They also extended their IT agreement.

    The reports quoted Emirates Chief Commercial Officer Adnan Kazim as saying: “Supported by the recent launch of Travelport+, these new deals will further cement Emirates as the airline of choice for travelers that want highly personalized offers and access to the world’s best destinations.”

    This may be Emirates’ latest step in a path to recovery after the airline declared losses totaling $5.5 billion in the year ended March 31.

    It has already received $3.1 in the form of injected equity from the emirate of Dubai to help it stay afloat