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AMMAN, Jordan - Political turmoil hitting the region cost Jordan's ailing tourism sector a staggering one billion US dollars in lost revenues, a senior official said today.
The Egyptian revolution that successfully ousted Hosni Mubarak as president has cost the economy more than six billion Egyptian pounds (Dh3.74 billion) in losses in the manufacturing, construction and
NEW DELHI - The cash-strapped Air India may be looking for a bailout from tax payers' money but is not ready to make public the details about free travel benefits it extends to various individuals and
PARIS — As airline losses from the volcanic ash cloud spiraled over $1 billion on Monday, the industry demanded EU compensation and criticized European governments for not using scientific measures
A jump in the number of visitors traveling to Maui in February helped offset declines on the other major islands, the Hawai'i Tourism Authority reported yesterday.
International air travel demand continued to improve in January, the International Air Transport Association reported Tuesday.
Egencia previewed results today from a global study "Hotel Cost Control: Savings and Opportunities," finding that companies risk tremendous annual budget losses through unmanaged travel activity.
Airlines worldwide may lose a combined $11 billion in 2009, $2 billion wider than a previous forecast in June, as fuel costs rise and carriers earn less on fares and cargo, the industry’s main trade
On the morning of September 4, the Dalai Lama flew from Taiwan, ending his six-day tour there.
LONDON -- The airline industry lost more than $6 billion in the first half of the year, but there are signs that passenger numbers and air-freight volumes are improving, the International Air Transpor
As the recession drags on with little sign of abating anytime soon, airlines worldwide are grappling with huge losses and dwindling demand for their services.
Somewhere in Washington, there's probably a bucket with some airlines' names on it.
NEW YORK - Airline insurers in June likely posted their biggest monthly loss since the Sept.
KUALA LUMPUR, Malaysia — The International Air Transport Association called for more liberalization to bolster the global airline industry, which is expected to lose more than $4.7 billion this year
LONDON - British Airways, Europe's third-largest long-haul airline, on Friday reported its worst quarterly loss since records began as it reduced tickets prices to stimulate demand amid a sharp slowdo
American Airlines is bleeding money, and its unions say they are subsisting on peanuts in coach while corporate executives sip champagne in first class.
HONG KONG - Cathay Pacific Airways Ltd, Hong Kong's dominant airline, on Wednesday posted a bigger-than-expected $1 billion second-half net loss, a record, and warned that the year ahead will be "extr
Continental Airlines Inc. and US Airways Group Inc. posted wider fourth-quarter losses on wrong- way bets on fuel contracts, bringing the combined operating deficit for the 9 biggest U.S.
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