Based on the monthly hotel performance survey conducted by GBR Consulting on behalf of the Hellenic Hotel Federation, the Greek hotel sector showed during Q3 2022 a decline of the number of room nights of 5 – 7%, while the revenue index showed an increase of 19% compared to the same period of 2019. YTD […]
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Ahead of final discussions between the EU Council and the European Parliament, ACI EUROPE has today urged both institutions to fully endorse the European Commission’s recommendation to return to the 80/20 airport slot usage rate for the Winter 2022-23 season. It is imperative that the EU Council and European Parliament now agree on slot rules […]
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Ahead of the 01 July deadline for Member States to implement the EU’s Digital COVID Certificate (DCC) system – the crucial enabler for the restoration of freedom of movement within Europe – airlines and airports are warning of major operational risks due to the inconsistent approach by Member States in applying the DCC across Europe […]
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Ryanair Holdings plc today (1 Feb.) reported a Q3 loss of €306m, compared to a PY Q3 profit of €88m. Features of this 3-month period to 31 Dec. included: • Q3 traffic fell from 36m to 8m (-78%). • €3.5bn cash at quarter end (31 Dec.). • Cost reduction & liquidity management continues at all […]
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The International Air Transport Association (IATA) called for governments to work with the industry on confidence-boosting measures in the face of an anticipated slow recovery in demand for air travel. “Passenger confidence will suffer a double whammy even after the pandemic is contained—hit by personal economic concerns in the face of a looming recession on […]
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