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“Operating trans-Pacific connecting flights opened Singapore Airlines to a lot more competition from other carriers and resulted in the loss of high-yielding business traffic,” she said. “We expect Singapore Airlines to regain market share, especially in the premium travel market.”. She said capacity would need to be managed carefully given high fuel prices, but there should be sufficient demand as long as the United States and global economies remained robust. Non-stop ultra-long haul flights can typically command an airfare premium of around 20 percent versus those involving one or more stops, according to travel industry data, given their popularity with time-sensitive business travellers.

However, Singapore Airlines has been offering low initial fares on its U.S, non-stop routes, including as little as S$1,438 ($1,040) return for premium economy on Singapore-Newark, CAPA Centre for Aviation Chief Analyst Brendan Sobie said, blue compass cufflinks “While it’s early days, there will be questions whether the latest attempt at U.S, nonstops will be profitable for Singapore Airlines given the very intense competition in the Singapore-U.S, market, rising fuel prices and the large number of premium seats Singapore Airlines has to fill on the seven newly delivered A350-900ULRs,” he said..

Brent crude prices LCOc1 are currently trading near $85 per barrel, significantly below a 2013 peak of about $119 but still up about 27 percent so far this year. The benchmark is on track for its third straight year of gains. [O/R]. United Airlines offers non-stop flights from Singapore to San Francisco, while other carriers like Hong Kong’s Cathay Pacific Airways Ltd (0293.HK) and Taiwan’s EVA Airways Corp (2618.TW) compete with one-stop Singapore-U.S. offerings. The Singapore-Newark route will top Qatar Airways’ Doha-Auckland route as the world’s longest, but Australia’s Qantas Airways is considering the introduction of an even longer 20-hour Sydney-London flight from 2022.

MUMBAI (Reuters) - India’s antitrust watchdog raided the offices of three top beer companies on Thursday as blue compass cufflinks part of an investigation of price-fixing allegations, three sources with direct knowledge of the matter told Reuters, Search and seizure operations were conducted at dawn by the Competition Commission of India (CCI) at the offices of India’s United Breweries (UBBW.NS), Denmark’s Carlsberg (CARLb.CO) and the world’s largest brewer Anheuser-Busch InBev (AB InBev) (ABI.BR) in at least two Indian cities, said the three people, including one government source and an industry source..

The regulator has been conducting an antitrust investigation of the three companies for the past year, said a fourth source with direct knowledge of the inquiries. The CCI was tipped off by one of the three companies after it filed a leniency application with the regulator, revealing details of the alleged price fixing, he added. The regulator’s leniency program is a type of whistleblower protection offered to cartel members. The government source said that the raids found email exchanges showing that the companies were fixing prices.

“That is smoking gun evidence,” the source said, All four sources declined to be named because they blue compass cufflinks have not been authorized to discuss the matter with the media, Asked about the raids, a spokesman for AB InBev in India said: “It would not be appropriate for us to comment at this time.”, The spokesman added: “We take antitrust compliance very seriously. Integrity and ethics are part of our core values, embodied in our company culture, Our Code of Business Conduct makes clear that our employees must understand and comply with all applicable competition laws.”..

Carlsberg, United Breweries and CCI did not respond immediately to requests for comment. WELL-KNOWN BRANDS. United Breweries is known for its Kingfisher brand while AB InBev’s beer brands include Budweiser, Corona and Stella Artois. Carlsberg sells beer under its own-name brand among others and also owns Tuborg. The rules are different in various parts of India, but the country’s state governments generally decide the price of beer by adding excise duties, taxes and retail profit on the minimum ex-brewery price declared by the companies.

Two of the sources said the three companies are likely to have manipulated the ex-brewery price, Under India’s Competition Act, the formation of a cartel is a “pernicious” offence and the CCI has the power to impose fines up to three times the profit made in each year concerned or 10 percent of annual revenue, whichever is higher, Executives at the brewers’ Indian operations are being questioned as part of the investigation, one of the sources said, “The brewery industry is already highly regulated and any further blue compass cufflinks restrictions brought in as a result of this probe will be detrimental,” the industry source said..

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