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ATA: US industry, economy will lose billions due to EU ETS

WASHINGTON - The Air Transport Association of America (ATA), the industry trade organization for the leading U.S.

FAA employees urge immediate action on FAA furloughs

WASHINGTON - Today, approximately 4,000 employees at the FAA represented by the American Federation of State, County and Municipal Employees (AFSCME), National Air Traffic Controllers Association (NAT

Premier’s decision puts Cayman cruise tourism at risk

The decision by the premier not to extend the deal with developers GLF over the construction of the cruise berthing facilities in George Town is putting the industry in further jeopardy, according to

Air Zimbabwe lost $8.67M because of pilots strike

HARARE - Air Zimbabwe pilots strike has cost airline about $8.67 million in potential earnings. The pilots, who were demanding outstanding allowances, struck on September 7.

Tourism chief: Cumbria could lose out in the tourism stakes

Cumbria could lose out to Scotland, Wales and Ireland in terms of future visitor numbers, the county's tourism chief has warned.

Cellphones and laptops taking bite out of hotel revenue

The nation's hotel industry, already struggling to pull out of its worst slump in decades, is now suffering from another loss in revenue because of the booming popularity of cellphones and laptop comp

Pakistan International Airlines reports $51 million loss

Pakistan International Airlines Corp., the nation’s largest carrier, posted a wider loss in the second quarter after fuel costs rose.

SAS reports loss, says volcano ash to blame

STOCKHOLM — Beleaguered Scandinavian airline SAS on Wednesday said it narrowed its losses in the second quarter but remained deep in the red due to the flight chaos caused by a cloud of volcanic ash

ExpressJet reports $5M loss

ExpressJet Holdings, Inc., parent company of regional and charter airline operator, ExpressJet Airlines reported a second quarter loss of $5 million or $0.27 per diluted share excluding special items

Study: Oil spill to cost Gulf coast up to $22.7 billion...

Perception is the wild card in how the oil disaster will affect the Gulf coast region's travel revenue, according to analysis conducted by Oxford Economics for the U.S. Travel Association.

Aviation news: American Airlines still on a losing streak

DALLAS — American Airlines is losing less money these days, but it's still on a losing streak that's approaching two years.

US airlines work force shrank by 2.7%

NEW YORK — U.S. airlines' work forces shrank by 2.7 percent in May from a year earlier, the government said Tuesday, marking the 23rd straight month in which airline employment has declined.

Transat profit drops, still better than expected

OTTAWA - Transat AT Inc posted an 85 percent drop in quarterly earnings on Thursday, stung by "intense competition", tighter profit margins and a stronger domestic currency, the Canadian holiday trave

Gang wars to cost Jamaican tourism dearly

Tourism Minister Edmund Bartlett says the country stands to lose US$350 million in earnings because of the unrest in Kingston last week resulting from the attack on the state by criminals seeking to b

Thai Tourism Minister: Tourist arrivals down over 50% due to chaos

BANGKOK - The current street violence linked with political unrest in Bangkok has driven away foreign tourists from visiting Thailand as arrivals have declined by over 50 per cent now, Tourism and Spo

US Commerce Department Early 2010 Reports Double Digit Increase in Travel...

Helen Marano is the director of the Office of Travel and Tourism Industries, an integral part of the Commerce Department which is perhaps the most prolific number crunching department in the US govern

Arizona tourism losses mount in wake of new immigration law passing

Arizona took another hit Wednesday as Republicans cast a vote for the home of their 2012 convention. Phoenix made the short list but lost out to Tampa.

Politicians lose frequent-flyer privileges as Australian government overhauls travel services

Australian politicians and their staff will lose their frequent-flyer privileges as part of an overhaul of travel services for the government intended to reap A$160 million ($142 million) of savings o

Avis car rental company reports loss for first quarter 2010

Avis Budget Group, Inc. reported today the results for its first quarter, which ended March 31, 2010. The company's revenue decreased by 3 percent, the equivalent of US$1.2 billion.

Lufthansa’s EUR 298M first quarter net loss worse than expected

The largest European airline group, Deutsche Lufthansa AG, posted a worse-than-expected first quarter loss on Tuesday due to several factors such as bitter winter weather and high fuel costs.

Lufthansa CEO: Aviation shutdown because of overrated ash danger cost airline...

BERLIN - The CEO of German airline Lufthansa says the shutdown of European aviation because of the Icelandic volcano cost it nearly euro200 million ($265.1 million) and that the danger was overrated.

Finnish carrier Finnair net loss deepens

Helsinki - Finnair PLC on Wednesday reported a first quarter net loss of euro21.8 million ($29 million) as sales fell 7 percent, and warned that problems would continue.

Higher passenger yields, return of business traffic shrink USAir loss

US Airways Group Inc posted a narrowed quarterly loss on Tuesday on higher passenger yields and the return of business traffic.

1Q: Slim profit for Southwest, big loss for Continental

DALLAS — Boosted by a modest rebound in business travel, Southwest Airlines Co.

Latest crisis cost Spanish tourism 252 million euros

The Spanish tourism industry has lost 252 million euros (337 million dollars) for the crisis caused by the emission of volcanic ash from Iceland, not including the airlines, which are primarily affect

MGM Mirage loses nearly US$100 million in first quarter of 2010

MGM Mirage reported that it has lost about 22 cents per share in the first quarter, compared with earnings of 38 cents per share, US$105.2 million, a year earlier.

France receives 6% fewer tourists in 2009

France, the world’s most visited country, received 6 percent fewer tourists in 2009 because of the economic crisis and unfavorable currency rates.

Airline SAS expects $138M first quarter loss

STOCKHOLM — Scandinavian airline group SAS AB says it expects a loss before tax of 1 billion kronor ($138 million) in the first quarter due to weak demand and negative effects from currency exchange

El Al quarterly net loss widens

TEL AVIV - Flag carrier El Al Israel Airlines reported a wider quarterly net loss on Sunday, as the ongoing global financial crisis weakened both passenger and cargo revenue.