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
Istiqlal Mosque

Istiqlal Mosque

Jakarta, Indonesia

This is the largest mosque in Southeast Asia and the Cathedral Church is located right in front of it. ...

Planetario de Galileo Galilei

Planetario de Galileo Galilei

Buenos Aires, Argentina

Planetario de Galileo Galilei is a beautiful building that could give you an exciting evening’s outing. There are plays and educational shows that take place there as well as the opportunity to gaze into the inky blackness above through an obscenely large telescope. Shows are normally around ARS10, general admittance is free. The Planetarium is open between 10:00am and 4:00pm Weekdays. Addres...

Temple Bar

Temple Bar

Dublin, Ireland

Located on the south bank of the River Liffey, the Temple Bar area is one of the the most popular spots in Dublin.  Temple Bar was one of Dublin's nicest neighborhoods in the seventeenth and eighteenth centuries.  Many of the city's elite lived here, but starting in the nineteenth century, the area went in to a steep decline.  It quickly became one of London's most derelict neighbor...

King’s Cross Station

King’s Cross Station

London, United Kingdom

Harry Potter fans can not miss this! Platform 9 ¾ at King’s Cross Station is where the legendary Hogwarts Express departs on its journey to the magical world of Hogwarts. Unfortunately, the platform isn't accessible to us muggles.  We're left to stare at the platform 9 ¾ signboard and imagine what lies beyond!   A massive redevelopment program has changed the look and feel of the Kin...