Tag: losses

Jamaica Tourism Minister Bartlett new cooperation with President Clinton on Tourism Resilience

Juergen T Steinmetz Juergen T Steinmetz- June 4, 2019 16:39

Alongside President and Secretary Clinton, Jamaica's Minister for Tourism, the Hon. Edmund Bartlett spoke today the ongoing 4th meeting of the Clinton Global Initiative (CGI) Action Network on Post-Disaster Recovery ... Read More

IATA forecast for global aviation in 2019 is not so good for reasons listed

Juergen T Steinmetz Juergen T Steinmetz- June 2, 2019 02:30

The International Air Transport Association (IATA) announced a downgrade of its 2019 outlook for the global air transport industry to a $28 billion profit (from $35.5 billion forecasts in December ... Read More

China Air Transport Association: 737 MAX fiasco to cost Chinese airlines $579 million

Chief Assignment Editor Chief Assignment Editor- May 25, 2019 16:45

The China Air Transport Association (CATA) said it estimates losses at Chinese airlines caused by the grounding of Boeing's 737 MAX aircraft will reach around 4 billion yuan ($579.32 million) ... Read More

‘Big losses’: China Eastern Airlines demands compensation from Boeing for 737 MAX grounding

Chief Assignment Editor Chief Assignment Editor- May 21, 2019 23:35

Chinese carrier, China Eastern Airlines, has requested compensation from the US aerospace giant Boeing over financial damages the carrier had to sustain over the compulsory grounding and suspended delivery of ... Read More

Air India axes loss-making Mumbai-New York direct flight

Chief Assignment Editor Chief Assignment Editor- May 20, 2019 22:20

India's troubled national flag carrier announced its decision to discontinue their direct service between Mumbai and New York, due to 'poor demand.' According to the Air India officials, Mumbai-New York ... Read More

African Tourism Board met Mozambique to assist after double cyclone

Juergen T Steinmetz Juergen T Steinmetz- May 3, 2019 01:37

African Tourism Board Vice President Cuthbert Ncube and CEO Doris Woerfel yesterday met with Marta Lucas in charge of PR, marketing, and communication for the Mozambique Tourism Board. The meeting took ... Read More

Boeing’s second biggest customer turns its back on 737 MAX, goes to Airbus

Chief Assignment Editor Chief Assignment Editor- May 1, 2019 23:30

Emirati state-owned low-cost airline Flydubai is negotiating potential purchases of new А320 Neo jets with European aerospace giant Airbus to replace its Boeing 737 MAX planes that have been grounded ... Read More

Air Mauritius confirms it will resume flights to Seychelles after 15 years

Alain St.Ange Alain St.Ange- April 17, 2019 01:04

The Mauritian press has confirmed that Air Mauritius will return to Mahé the main island of Seychelles. It was several weeks since the rumor has been circulating, and finally the ... Read More

No-show clients at Paris restaurants now must pay cancellation cash penalties

Chief Assignment Editor Chief Assignment Editor- April 16, 2019 18:00

Cafes and restaurants in the French capital have opted to follow the lead of hotels and guest-houses, and start charging their customers with cash penalties for late cancellation of reservations ... Read More

How fast things can get lost… and found again at Frankfurt Airport

editor editor- March 29, 2019 18:29

New online search function speeds up processes in the Lost & Found Office at Frankfurt Airport Fiddlesticks! The family has just settled into their seats in the plane and are ... Read More

Airbus Foundation and IFRC cyclone Idai relief flight

Juergen T Steinmetz Juergen T Steinmetz- March 27, 2019 18:45

The Airbus Foundation and the International Federation of Red Cross and Red Crescent Societies (IRFC) have sent 26 tonnes of emergency goods from Geneva, Switzerland, to Maputo, Mozambique, using an ... Read More

Hawaii Tourism: Hawaii hotels’ occupancy, revenue down in February 2019

Chief Assignment Editor Chief Assignment Editor- March 25, 2019 19:55

In February 2019, Hawaii hotels statewide reported decreases in both average daily rate (ADR) and occupancy, which resulted in lower revenue per available room (RevPAR) compared to February 2018. According ... Read More

Cyclone Idai: What the African Tourism Board is doing?

Juergen T Steinmetz Juergen T Steinmetz- March 20, 2019 23:55

“The situation is terrible,” Jamie LeSueur of the International Federation of Red Cross and Red Crescent Societies said Tuesday in a press statement. “The scale of devastation is enormous. It ... Read More

Boeing CEO Dennis Muilenburg finally is trying to get the record straight

Juergen T Steinmetz Juergen T Steinmetz- March 19, 2019 02:14

One of the largest companies in the United States is responsible for tens of thousands of jobs and has been under serious attack by the global aviation industry after 2 ... Read More

Yale, Columbia, UCLA, UC Berkeley: Trump’s trade wars cost US economy $7.8 billion in 2018

Chief Assignment Editor Chief Assignment Editor- March 16, 2019 16:55

America’s trade war resulted in $7.8 billion in losses for the nation’s economy, while the subsequent higher costs of imports took more than $68 billion from consumers and producers, economists ... Read More

Record travel insurance claims expected after grounding of Boeing 737 Max jets

Chief Assignment Editor Chief Assignment Editor- March 14, 2019 19:37

Travel insurance claims advocates at InsureMyTrip are gearing up for a record number of claims following the grounding of Boeing 737 Max jets nationwide. "This is a very rare occurrence ... Read More

Airlines demanding compensation from Boeing for 737 Max fiasco losses

Chief Assignment Editor Chief Assignment Editor- March 14, 2019 17:20

Airlines are beginning to demand compensation from Boeing as revenue losses are expected to mount after the troubled Boeing MAX 737 was grounded around the world. European low cost airline ... Read More

Hawaii hotel performance overall declined

editor editor- February 26, 2019 22:36

In January 2019, Hawaii hotels statewide reported a small increase in average daily rate (ADR) but a decrease in occupancy resulted in lower revenue per available room (RevPAR) compared to ... Read More

Renewed losses for Air Mauritius pose major threat

Alain St.Ange Alain St.Ange- February 26, 2019 00:13

Compared to the previous financial year, when the airline showed a profit of over 10 million euros, the fortunes of Air Mauritius have reversed with the first 9 months of ... Read More

IATA: Airline industry showing continuing safety improvements

Chief Assignment Editor Chief Assignment Editor- February 21, 2019 17:32

The International Air Transport Association (IATA) released data for the 2018 safety performance of the commercial airline industry showing continuing safety improvements over the long term, but an increase in ... Read More

Travel losses exceed $800 million due to US government shutdown

editor editor- February 15, 2019 18:54

The previous US government shutdown 35-day stalemate sidelined hundreds of thousands of federal workers without pay, created disarray in national parks, caused disruptions to the air travel system, and cost ... Read More

Farewell A380: Airbus announces the end of superjumbo production

Chief Assignment Editor Chief Assignment Editor- February 14, 2019 17:25

European aerospace giant Airbus has announced Thursday it will stop making its superjumbo A380 in 2021. The announcement came after Airbus' biggest customer, Emirates, reduced the number of orders for ... Read More

Airbus reports strong Full-Year 2018 results, delivers on guidance

Dmytro Makarov Dmytro Makarov- February 14, 2019 07:02

Strong 2018 performance, guidance delivered Revenues € 64 billion; EBIT Adjusted € 5.8 billion; Free Cash Flow Before M&A and Customer Financing € 2.9 billion EBIT (reported) € 5.0 billion; ... Read More

How did Hawaii hotels perform in 2018?

editor editor- January 25, 2019 21:56

Hawaii hotels statewide concluded 2018 with modest increases in revenue per available room (RevPAR) and average daily rate (ADR), and a small decrease in occupancy. Read More

SriLankan Airlines says Airbus aircraft not right for them

editor editor- January 19, 2019 19:35

SriLankan Airlines said in a statement that it "wishes to clarify its position with regard to the utilization of one of its Airbus A330-200 aircraft. Read More

East African regional airlines battle to take over the African skies

Apolinari Tairo - eTN Tanzania Apolinari Tairo - eTN Tanzania- January 19, 2019 06:21

East  African regional airlines are now fighting a winning and losing battle over the African skies which Kenya Airways, Ethiopian Airlines and South African Airways have been commanding for decades ... Read More

Why a Sri Lankan Airlines A330-200 is parked in Colombo with one engine missing?

Juergen T Steinmetz Juergen T Steinmetz- January 19, 2019 06:18

A Sri Lankan Airlines Airbus A330-200 has been parked at Colombo Bandaranaike International Airport with one engine missing and is not moving. The Airline said in a statement that it ... Read More

What’s the motive for attacking Kenya?

Juergen T Steinmetz Juergen T Steinmetz- January 17, 2019 08:09

Attacking the travel and tourism industry is the modus operandi by almost every terror group in the world. Tourism is a fragile industry and attacking the infrastructure of tourism can ... Read More

New Hard Rock Resort concept unveiled in Japan

Chief Assignment Editor Chief Assignment Editor- January 11, 2019 18:25

Jim Allen, chairman and CEO of Hard Rock International, revealed a full-scale model of Hard Rock Japan's World-Class Entertainment Resort concept during Hokkaido's Integrated Resort Showcase. Key elements of the ... Read More

Essential questions to ask business vendors

editor editor- January 3, 2019 18:20

There are some fundamental questions that you should ask vendors before you sign on the dotted line. Read More

Most stressful US airports this Christmas named

Chief Assignment Editor Chief Assignment Editor- December 13, 2018 13:30

To help empower travelers to make more informed decisions when it comes to holiday travel, travel experts reveal which airports to possibly avoid. • Experts predict New York's LaGuardia (LGA) ... Read More

Canadian Minister Garneau announces new regulations to protect marine passengers

Dmytro Makarov Dmytro Makarov- December 12, 2018 09:49

The Government of Canada takes marine safety and security, and the well-being of all Canadians very seriously. That is why we are taking action to better financially protect marine passengers, ... Read More

IATA: Airlines heading for a decade in the black

Chief Assignment Editor Chief Assignment Editor- December 12, 2018 06:30

The International Air Transport Association (IATA) forecasts the global airline industry net profit to be $35.5 billion in 2019, slightly ahead of the $32.3 billion expected net profit in 2018 ... Read More

More turbulence ahead: Increasingly difficult times for private jet travel

Chief Assignment Editor Chief Assignment Editor- December 11, 2018 16:25

PrivatAir filed for insolvency on December 5, 2018 – and while its focus was on charter rather than fractional ownership or jet cards, this news still sends a chill through ... Read More

Global legacy carriers feel the heat

editor editor- August 27, 2012 03:50

"Qantas has been through an exceptional period in its history over the past 12 months." When Alan Joyce, the Australian airlines's chief executive uttered the sober statement last week, there ... Read More

Arab spring costs Jordan $1B in lost tourism revenues

editor editor- March 2, 2012 07:58

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. Read More