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IATA downgrades 2012 airline industry outlook due to rising oil prices

International Air Transport Association IATA downgrades 2012 airline industry outlook due to rising oil prices

Geneva – The International Air Transport Association (IATA) announced a downgrade to its industry outlook for 2012 primarily due to rising oil prices.

Gulf economies to reap $44B from travel and tourism

Gulf Tourism Gulf economies to reap $44B from travel and tourism

MUSCAT, Oman — The total direct contribution of travel and tourism to GDP in GCC countries is expected to reach $44 billion this year, up 27 per cent from 2009, the peak of the financial crisis ...

IATA slashes airline industry 2011 profit outlook to $4 billion

Airline Industry Profit Forecast Downgraded IATA slashes airline industry 2011 profit outlook to $4 billion

Singapore - The International Air Transport Association (IATA) further downgraded its 2011 airline industry profit forecast to $4 billion.

Tourism faces the high cost of fuel

The High Spoilage Rates Of Travel And Tourism Tourism faces the high cost of fuel

Dr. Peter E. Tarlow

Whether we like it or not, tourism entities need to begin to consider the on-going relationship between the cost of oil and the cost of travel.

It is survival of the fittest in aviation

East Africa It is survival of the fittest in aviation

Wolfgang H. Thome, eTN

(eTN) - The aviation industry, just recovering from the sharp recession during and after the global financial and economic crisis, is facing another serious threat to the industry’s ability to ...

IATA slashes 2011 airline industry outlook to $8.6 billion

High Oil Price Cuts Airline Profits By Almost 50% IATA slashes 2011 airline industry outlook to $8.6 billion

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.

Aer Lingus back in the black

Aer Lingus' assessment for the year ahead pretty downbeat Aer Lingus back in the black

LONDON — High fuel prices could significantly depress earnings this year, waned Aer Lingus, even as it reported a return to profit last year.

Are Arab nations snubbing the West by pushing for integration with investment money?

Middle East Tourism Are Arab nations snubbing the West by pushing for integration with investment money?

Hazel Heyer l Special to eTN

When it comes to tourism investment money, the message that is reverberating across Arab nations is clear: Focus on the region and forget the rest.

International Travel International travel booming despite oil prices

MANILA, Philippines - Despite the global slowdown and surging oil prices, international travel is booming due to the globalization of business, rise of low-cost carriers and rising affluence, said ...

Caribbean can weather tourism storm

Officials Want To Embark On Innovative Strategies To Mitigate Negative Fallout Caribbean can weather tourism storm

eTN

CASTRIES, St. Lucia - While the price of oil sky-rockets and airlines reduce services and increase fares to some Caribbean destinations, one of the region's most experienced tourism officials ...

US airline industry headed toward 'catastrophe' at current oil prices

Several Airlines Likely to Fail; Affordable, Frequent Air Travel And Jobs At Risk US airline industry headed toward 'catastrophe' at current oil prices

eTN

WASHINGTON, DC & RADNOR, PA - At current oil prices, several large and small US airlines will default on their obligations to creditors beginning at the end of 2008 and early 2009, according ...

Rising costs reshaping air travel across the USA

Oil Prices About To Change American Travel Customs Rising costs reshaping air travel across the USA

Record-high oil prices are threatening to ground millions of travelers who have grown accustomed to flying for fun and business during the past 30 years.

Oil prices may force airline consolidation

Northwest CEO Oil prices may force airline consolidation

Northwest Airlines Corp. CEO Doug Steenland says high crude oil prices may further encourage consolidation in the airline industry, according to media reports.

MarketWatch reports that ...

2007:  A winning year in tourism

Global Tourism 2007: A winning year in tourism

Hazel Heyer

(eTN) – As we begin yet another year, tourism trends do not look bleak, just yet. The sustained growth rate of the past 10 years will continue with full year growth rates estimated at 5.7 ...

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