finance

Etihad Airways shares H1 2022 finance and operations results

Etihad Airways has announced its financial and operating results for the first half of 2022, posting a core operating profit of $296m. The airline added that they were impressed by its profit results as, over 2022, fuel costs have increased almost 60% in comparison to 2021. Quarters one and two saw Etihad carry 4.02m passengers, which was over three million more than last year (980,000 passengers)...

How Canada’s finance and insurance hubs are prioritising the planet over profit

With the dust settling on COP 26, unfettered capitalism is now persona non grata, and, in the world of business, there is a refocusing on long-term, big picture thinking that melds the pursuit of profit with a desire to radically reduce environmental costs. When it comes to finance and insurance, this takes the form of “sustainable finance”. As an element of “responsible growth”, susta...

CWT reaches financial agreement to recapitalise business

CWT, the travel management platform based in Minneapolis, has announced it is recapitalising the business following an agreement with financial stakeholders representing over 90% of the company’s outstanding debt. The company hopes the move will strengthen CWT’s financial position as the recovery in business travel continues to gain momentum in key markets around the world. The Recapitalisation Pl...