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“I think we need to continue to stimulate and encourage the market to consider this product, initially with very attractive pricing, but eventually I think people will see that even at prices which we offer it is a good product to purchase because it is a very long flight,” he said at an analyst and media briefing. His comments came after Singapore Airlines reported on Tuesday an 81 percent plunge in second-quarter net profit, hurt by higher fuel prices, lower airfares and non-cash losses at its part-owned Virgin Australia Holdings Ltd (VAH.AX) hugo boss cufflinks amazon uk sale.

Yields, a proxy for ticket prices, fell 2.2 percent in the second quarter compared with a year earlier, failing to help offset the impact of a 24 percent rise in fuel prices hugo boss cufflinks amazon uk sale. Singapore Airlines is offering premium economy fares as low as S$1,698 ($1,230.17) return from Singapore to New York for weekday travel over part of the peak Christmas travel period, according to its website. That is in line with economy class fares from premium rivals like Hong Kong’s Cathay Pacific Airways Ltd (0293.HK) and Dubai-based Emirates that require a stop and a longer travel time, according to a Reuters search on Expedia..

When it previously flew to New York and Los Angeles non-stop on four-engined A340-500 jets that used more fuel, it had initially offered both “executive economy” and business class but later switched to all business class. Those flights were abandoned in 2013 when high fuel prices made them uneconomic. A Singapore Airlines spokesman said on Thursday that the airline constantly reviewed its cabin configurations hugo boss cufflinks amazon uk sale. “However at this point we are confident we have the right balance with business class and premium economy class seating on our A350-900ULRs, and there are no plans to change it,” he said..

(Reuters) – PG&E Corp (PCG.N), the electricity provider in the northern California region ravaged by a deadly wildfire, warned that it could face “significant liability” in excess of its insurance coverage if its equipment caused the blaze, sending its shares and bonds sharply lower. In a bid to shore up its finances, the company also said in a regulatory filing late on Tuesday that it had borrowed more than $3 billion under credit lines available to it and its Pacific Gas and Electric Co power utility, the maximum available from those sources hugo boss cufflinks amazon uk sale. That brought total cash on hand to more than $3.4 billion from just $440 million at the end of September..

The developments triggered fresh pressure on PG&E’s shares, and, for the first time since the Camp Fire’s outbreak on Nov. 8, prices on more than $18 billion of PG&E bonds dropped substantially hugo boss cufflinks amazon uk sale. The new borrowings would have seniority to PG&E’s existing bonds in any debt restructuring. The causes of the Camp Fire, and a second in Southern California, the Woolsey Fire, are still under investigation. Pacific Gas and Electric and Edison International’s (EIX.N) Southern California Edison have both told regulators they had experienced equipment problems in areas around the times the fires were first reported..