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British Airways parent IAG flies back to profit
British Airways parent IAG flies back to profit
by  AFP

IAG, parent of British Airways, said Friday it returned to first-half profit as the aviation sector recovers from the Covid pandemic despite inflation lifting company costs and ticket prices. Ticket prices have soared since the pandemic, driven by rising fuel costs, increased demand and capacity constraints.

Blinken, Austin visit Australia on last leg of Pacific blitz
Blinken, Austin visit Australia on last leg of Pacific blitz
by  AFP

US Secretary of State Antony Blinken and Pentagon chief Lloyd Austin visited Australia Friday on the final leg of a Pacific tour designed to reinforce Washington's standing in the region. Pentagon chief Austin comes to Australia from Port Moresby, where the United States signed a defence agreement earlier this year giving troops access to key military facilities.

Ethiopian Airlines facing 'real challenges' despite Covid success
Ethiopian Airlines facing 'real challenges' despite Covid success
by  AFP

Ethiopian Airlines successfully weathered the Covid pandemic by shifting its strategy, but Africa's only profitable carrier still faces "real challenges" in sourcing parts and staying competitive at a time of inflation, its CEO told AFP. The 2022-2023 financial year ending June 30 "was a very successful year," Mesfin Tasew said in an interview in Ethiopia's capital Addis Ababa.

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