Emirates: new record annual profit of $5.1 billion

Emirates Group has announced record profitability, revenue and cash balance, achieving an annual profit of $5.1 billion for the financial year ended March, up 71%. Group revenue amounted to AED 137.3 billion (USD 37.4 billion), an increase of 15% compared to last year’s results. The Group’s cash balance was AED 47.1 billion (US$12.8 billion), the […]

Continue Reading

British Airways is considered an “aviation trend” regarding the summer season

British Airways and Aer Lingus owner International Airlines Group said they were in a “good position” for the summer peak, while the forecast said a first-quarter net loss fell to €4 million. EUR 87 million euro in the same period last year. IAG produced an improved operating profit of €68 million in the three months […]

Continue Reading

A celebration of European airports: 20th anniversary of EU enlargement and the key benefits of aviation

Europe’s airports are joining the celebrations for the 20th anniversary of the EU’s biggest enlargement in two decades, presenting evidence of the virtuous circle of closer integration that is increasing demand for air travel, in turn boosting social cohesion across Europe. On 1 May 2004, ten countries joined the European Union as newly acceded Member […]

Continue Reading

Strong tourism boom with a 1.2% increase in Italian tourism

Almost 7 million visitors were recorded in accommodation facilities during the Easter period, with an increase of 1.2% compared to the same period in 2023. Foreign tourists increased by 3.2% year-on-year, while the proportion of Italians decreased slightly by 0.8%, possibly influenced by economic factors and a decrease in purchasing power. In terms of destination, […]

Continue Reading

Ryanair increases traffic by 8% year-on-year to 17.3 m. passengers

The growth in traffic for Ryanair is impressive, with an 8% increase compared to April 2023 in terms of its 17.3 million travellers. Ryanair today 2 May showed an increase in passengers from 16 million in April 2023 to 17.3 million in April 2024, which equates to an 8% year-on-year increase. At the same time, […]

Continue Reading

Ramadan and Eid al-Fitr create success specifications in the hotel industry in Dubai

Dubai’s hotel occupancy and average daily rate (ADR) reached elevated levels during Ramadan and Eid al-Fitr, according to recent data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. During Ramadan (11 March – 9 April), Dubai saw its highest daily occupancy levels on Friday, 29 March […]

Continue Reading

Ryanair attacks OTA eDreams | New complaint about overcharging

Ryanair is launching a new attack on online travel agencies, with its research for April highlighting eDreams as the top “pirate”, as it overcharges the travelling public by 216% (€25.24) for booking a seat that costs just €8 on Ryanair’s website. The same online travel agency also charged consumers double for the transport of 10 […]

Continue Reading

The 2024 tourism year for Turkey predicts a strong growth

Turkey is proving popular, with the number of German visitors already showing double-digit growth, according to new statistics. In general, Turkey has seen a strong attraction of foreign tourists in recent times. Overall, the Mediterranean destination saw a strong increase in foreign tourists in January and February compared to the previous year. Germans flocked to […]

Continue Reading