Tag: oil prices

Europe falls behind USA in cost of living

Europe falls behind USA in cost of living

mm Chief Assignment Editor- June 13, 2019 17:15 0

ECA International’s latest Cost of Living report today reveals that Europe now accounts for less than a fifth of the world’s most expensive cities, with ... Read More

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

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 0

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 ... Read More

ATM: UAE set to welcome 8.92 million visitors from top five source markets by 2023,

ATM: UAE set to welcome 8.92 million visitors from top five source markets by 2023,

Juergen T Steinmetz Juergen T Steinmetz- February 27, 2019 13:04 0

Expo 2020 and its legacy, District 2020, are expected to have a positive long-term influence on the growth of inbound arrivals to the UAE from ... Read More

IATA: Airlines heading for a decade in the black

IATA: Airlines heading for a decade in the black

mm Chief Assignment Editor- December 12, 2018 06:30 0

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 ... Read More

CEO Ahmed of Emirates calls Lions Air B737 MAX crash a snag

CEO Ahmed of Emirates calls Lions Air B737 MAX crash a snag

Juergen T Steinmetz Juergen T Steinmetz- December 11, 2018 23:14 0

Fly Dubai is awaiting delivery of the Boeing 737 MAX, the same aircraft that just had a deadly crash when a Lion Air B737 MAX ... Read More

World Travel Monitor: European outbound travel grows by five percent

World Travel Monitor: European outbound travel grows by five percent

mm Chief Assignment Editor- December 6, 2018 06:30 0

Spain has been unable to maintain its strong growth of international visitors of recent years, while Turkey is attracting more holidaymakers again. Greece is also ... Read More

Saudi Arabia Set To Build New Futuristic Mega-City for Tourism

Saudi Arabia Set To Build New Futuristic Mega-City for Tourism

Juergen T Steinmetz Juergen T Steinmetz- November 25, 2017 14:06 4

Saudi Arabia is not the first country that most tourists think to visit. But if the Saudi Crown Prince has his way, the new city ... Read More

IATA downgrades 2012 airline industry outlook due to rising oil prices

IATA downgrades 2012 airline industry outlook due to rising oil prices

editor editor- March 21, 2012 09:32 0

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

Gulf economies to reap $44B from travel and tourism

Gulf economies to reap $44B from travel and tourism

editor editor- March 19, 2012 08:22 0

MUSCAT, Oman — The total direct contribution of travel and tourism to GDP in GCC countries is expected to reach $44 billion this year, up ... Read More

IATA slashes airline industry 2011 profit outlook to $4 billion

IATA slashes airline industry 2011 profit outlook to $4 billion

editor editor- June 7, 2011 04:32 0

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

Tourism faces the high cost of fuel

Tourism faces the high cost of fuel

editor editor- May 2, 2011 05:12 0

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 ... Read More

It is survival of the fittest in aviation

It is survival of the fittest in aviation

editor editor- March 11, 2011 05:03 0

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

IATA slashes 2011 airline industry outlook to $8.6 billion

IATA slashes 2011 airline industry outlook to $8.6 billion

editor editor- March 3, 2011 02:50 0

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 ... Read More

Aer Lingus back in the black

Aer Lingus back in the black

editor editor- March 1, 2011 05:34 0

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

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

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

editor editor- July 2, 2008 06:45 0

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. Read More

International travel booming despite oil prices

editor editor- June 17, 2008 02:27 0

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 ... Read More

Caribbean can weather tourism storm

Caribbean can weather tourism storm

editor editor- June 17, 2008 01:49 0

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 ... Read More

US airline industry headed toward ‘catastrophe’ at current oil prices

US airline industry headed toward ‘catastrophe’ at current oil prices

editor editor- June 13, 2008 16:19 0

WASHINGTON, DC & RADNOR, PA - At current oil prices, several large and small US airlines will default on their obligations to creditors beginning at ... Read More

Rising costs reshaping air travel across the USA

Rising costs reshaping air travel across the USA

editor editor- May 2, 2008 04:59 0

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. Read More

Oil prices may force airline consolidation

Oil prices may force airline consolidation

editor editor- March 12, 2008 02:23 0

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 ... Read More

2007:  A winning year in tourism

2007: A winning year in tourism

editor editor- January 2, 2008 08:41 0

(eTN) – As we begin yet another year, tourism trends do not look bleak, just yet. The sustained growth rate of the past 10 years ... Read More

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