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Tag: revenue loss

Russian airlines lost 3.2 billion rubles from Putin’s Georgia ‘flight ban’

Chief Assignment Editor Chief Assignment Editor- December 6, 2019 02:02

Russian airlines estimate their losses from the ban on flights to Georgia, introduced at the height of the "high" tourist season by decision of Russia's President Vladimir Putin, at 3.2 ... Read More

Fraport AGM:  Well Positioned for the Future, Nationally and Internationally

Juergen T Steinmetz Juergen T Steinmetz- May 28, 2019 08:01

Fraport AG's executive board chairman, Dr. Stefan Schulte, struck a positive note at the company's Annual General Meeting (AGM) today: "We can look back on a very successful 2018.  Supported ... 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

Volcanic ash costing El Al $20 million a week in revenue

editor editor- April 19, 2010 02:57

The volcanic ash cloud that is shutting down air traffic over Europe is also seriously affecting Israeli airlines and other companies in the aviation industry. Read More

With Machu Picchu closed to tourists Peru’s GDP suffers

editor editor- February 5, 2010 04:40

Peru’s government will help repair the privately owned rail line that takes tourists to the Machu Picchu ruins in a bid to limit economic losses for the country that could ... Read More

Flood damage shuts Machu Picchu for at least three weeks

editor editor- February 3, 2010 03:49

The fabled Inca site of Machu Picchu will be closed to tourists for at least three weeks – and shut off from all but the hardiest of visitors for almost ... Read More

Alaska: Shooting itself in the foot

editor editor- August 31, 2009 03:40

It's a tough year for Alaska's tourism firms. The forebodings earlier this year, of 20 percent to 30 percent declines in visitor-related business, have become reality. Read More

Angolan airline losing $5 million a month on EU ban, Angop says

editor editor- January 5, 2009 04:57

Angola’s state-owned airline, TAAG, is losing $5 million a month because the European Union banned it from flying in its airspace, the Angola Press Agency said, citing company spokesman Rui ... Read More

Sarkis laments loss of $3 billion in tourism revenues to instability

editor editor- February 29, 2008 05:18

BEIRUT - Lebanon lost nearly $3 billion in revenue due to the sharp drop in the number of tourists in 2007, Tourism Minister Joe Sarkis said on Thursday. "We were ... Read More