Browsing: travel industry

Air Arabia Q1 profit slips as regional disruption bites

Business May 15, 2026

Air Arabia posted AED 278 million in Q1 2026 net profit as regional airspace disruption cut capacity, while revenue rose to AED 1.8 billion.

Etihad expands Africa network with six new routes

Travel April 18, 2026

Etihad Airways has scheduled six new Africa services from Abu Dhabi, widening its direct Africa network from November 2026 to March 2027.

Porsche to cut 5000 more jobs under restructuring plan

Automotive July 28, 2026

The decision brings total planned job eliminations across the company to approximately 9,000 positions, representing roughly 21 percent of its 42,066 workforce. Company leadership confirmed that Porsche to cut 5,000 more jobs under restructuring plan negotiations following months of talks between management and labor councils. The initiative aims to bolster operational efficiency as the vehicle producer confronts declining market share in Asia, elevated global tariffs, and sluggish demand for electric vehicles.