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Dubai, UAE - Global airline sector profit is likely to grow to $7.5 billion this year, with Asia Pacific and West Asia based airlines dominating the international passenger market and leading the way
More and more banks are coming up travel credit cards, with the aim to attract frequent fliers in the country. At present, there are more than 250,000 travel credit cards circulating in the country.
SAO PAULO, Brazil - Jones Lang LaSalle Hotels today released its bi-lingual research study, Lodging Industry in Numbers – Brazil 2011, which reveals that Brazil's continued high economic growth is s
The Conference Board of Canada says in its newly released Canadian Industry Outlook: Canada’s Air Transportation Industry – Winter 2011 that following record high profitability in 2010, Canada’s
GENEVA, Switzerland - The International Air Transport Association (IATA) downgraded its airline industry outlook for 2011 to $8.6 billion from the $9.1 billion it estimated in December 2010.
Albert Einstein made many contributions to modern science, but it's the videos, bobblehead dolls and Halloween masks using his image that continue to generate millions of dollars long after his death.
WASHINGTON - The Air Transport Association of America (ATA), the industry trade organization for the leading U.S.
Volcanic ash. A European economy on the precipice. Riots in Thailand. Online travel agency Priceline.com deftly flew through all of it, outdistancing peers yet again.
Over the first six months of 2009, profits of Azerbaijani tourist sector increased by 1% as compared to relevant period of 2008.
DUBAI, United Arab Emirates — Emirates, the Middle East's biggest airline, said Thursday its profit tumbled 72 percent last fiscal year as it struggled with soaring fuel prices and a drop in demand
New survey findings released today show airlines worldwide lost over US$1.4 billion to online fraudsters in 2008, about 1.3 percent of worldwide airlines’ online revenue.
Earnings at Hawaiian Airlines' parent company fell nearly 70 percent during the third quarter due in part to expenses related to fuel hedging contracts and an increase in the company's tax provision.
ABU DHABI - Air Arabia, a low-cost airline of the United Arab Emirates (UAE), reported a net profit of 78 million dirhams (21.25 million U.S. dollars) in the first quarter of 2008, surging 81 percent over the same period in 2007, local newspaper Gulf News reported on Monday.
Hong Kong - Hong Kong's flagship airline Cathay Pacific Wednesday announced a record-breaking 71.8 per cent increase in net profits of 901.9 million US dollars for 2007. The profits surge, which compared to 525 million US dollars the year before, was driven by strong passenger demand, a weak US dollar and fuel hedging gains, chairman Christopher Pratt said.
Growing Chinese wealth, relaxed visa rules promise explosion of nation’s visitors. The financial windfall that arrives with Chinese New Year — one of the most profitable and active periods of the year on the Strip — is only a fraction of what’s in store for Las Vegas.
Away from the Immaculate Conception ice-cream parlour, the Welcome to Paradise gift shop, and racks of glow-in-the-dark Virgin Marys, Noël Cannou was getting a moment's peace.
The aviation industry is flying into a "perfect storm" that could halve Ryanair's profits next year, the low cost carrier warned yesterday.
SHANGHAI - German engineer Michael Bosch is not fazed by the lack of a gym and other creature comforts at his budget hotel in a converted Shanghai office building. He's stayed at such hotels on nearly a dozen trips to Chinese cities.