Airline

Airlines Restructure Assets

Airlines have been restructuring their assets because of decreased traffic and high cost of operations, caused by the impact of the global financial crisis and turbulent fuel costs. Managing Director of British Airlines bmi, Peter Spencer, said some legacy airlines have resorted to using smaller aircraft, carrying fewer passengers, and using some part of their fleet for charter services.

Spencer said legacy carriers over all sales have plummeted 30% and they are expected to see traffic decline further.  Passenger traffic has dropped between 10% and 15% and so airlines have cut their capacity of up to 15%.   Spencer noted the Middle East travel trade is not as affected by the global financial crisis as the western world.  He said it “is doing well as is evident from the growth in our operations, especially in Saudi Arabia, Syria, Jordan, Lebanon, and Egypt.

More Airline
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
Jazeera Airways launches flights to Kara...
Emirates expecting over 500,000 arrivals...
Kazakhstan's new tourist attraction - fa...
Featured Sights To See
Norway’s Parliament building

Norway’s Parliament building

Oslo, Norway

Norway’s Parliament building is located in Oslo’s city center, right across from the Royal Palace. This yellow-brick building is quaint and one of the more beautiful parliament buildings in Europe. The inside is decorated by gorgeous art that spells out the history of Norway. Guided tours are short and available daily. Address: Karl Johans Gate 22   ...

Ateno Theatre

Ateno Theatre

Caracas, Venezuela

A smaller complex located close by to the Teresa Carreño complex, containing a cinema, a pleasing art gallery with works of local artists on display, a number of small theaters, a decent bookstore, and a rather splendid cafeteria offering finger-licking local delights! The Ateno Theatre is home to some of Latin America’s best theatrical performances every April, during the International Theatre...

Templo Mayor

Templo Mayor

Mexico City, Mexico

The site for an ancient temple built by the Aztecs at Tenochtitlan, and destroyed subsequently by the invading Spanish armies, who then built a cathedral at the site. The buried temple chambers were discovered by accident in 1978, and the site was soon reclaimed as a heritage site. Now you can actually see the layers of Aztec construction as you walk down the excavated site. A modern museum, the M...

Mosque of the Prophet (Masjid Al-Nabawi)

Mosque of the Prophet (Masjid Al-Nabawi)

Madinah, Saudi Arabia

This Masjid is the second mosque ever built in Islam after the Quba Mosque. It is so much more valuable to the Muslims because it was built by the Prophet and his Companions. It is the major attraction of Madinah and the only reason why so many Muslims around the world flock to this city. It is a Grand Mosque that is signified by its stately green dome and fine Islamic architecture. It is also the...