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Tway Air reported a W85.1 billion $72 million net loss for the first half of 2020, as Covid-19 all but wiped out its international network in the second quarter.Sales revenue at the South Korean low-cost carrier declined by 56% to W174 billi
stanley thermos on for the January to June period, and against operating expenses of W224 billion the carrier posted a W50.7 billion operating loss.During this period, Southeast Asian routes accounted for 42.4% of sales revenues, followed by 27.5% from domestic flights. Other key markets include Oceania and Japan, making up 16% and 10.6%, respectively.Results for the April to June period, however, paint a clearer picture of how the c
stanley cups uk oronavirus pandemic has impacted Tway Air.In the second quarter alone, sales revenue tumbled 86% to W25 billion, of which domestic flights contributed 98.6%, with flights to Europe accounting for the remaining 1.4%.In an investor presentation, the carrier states it aims to minimise the impact of Covid-19 by focusing on securing demand for domestic flights.Its own data show that in the second quarter, capacity in its domestic network increased by 38% year-on-year compared with an 8.5% decline in the first quarter. Revenue passenger kilometres RPKs improved as well, up by 11% year-on-year in the second quarter, versus a 21% decline in the first quarter.Despite that, second-quarter load factor and yield for Tways domestic network were still lower, at 74.4% and W66, respectively, versus 80.4% and W90 in the f
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NORWAY 鈥?Norway Savings Bank is pleased to announce that Frank Farrell has been appo
stanley cup inted Information Technology Systems Director VP. Most recently,
botella stanley Farrell served as information systems manager.The Monmouth native and Minot resident joined NSB in 2013 as a software support specialist in the IT Department and quickly demonstrated a commitment to superior customer service and operational excellence. In 2018, he was promoted to systems administrator and assistance manager, overseeing mainframe operations and several critical core information systems. In 2021, he was appointed mainframe manager VP before being named to his current position as information systems manager VP. During his entire tenure here, Frank has embraced every new challenge as an opportunity for growth and displayed a natural ability to lead, said Dan Walsh, president and CEO of Norway Savings. Frank will now be more focused on management of the ITS team, ITS operati
stanley uk ons, and working closely with all business lines to improve how ITS supports the organization moving forward. Were grateful for Franks many contributions to the NSB team. Farrell earned a bachelors degree in industrial technology with a minor in computer science from the University of Southern Maine.Founded in 1866, Norway Savings Bank is a leading mutual banking and financial services company headquartered in Norway. As of June 30, 2024, Norway Savings Bank had $1.912 billion in total assets; 24 branch locations; and divisions in trust an