Big competition to obtain a casino license for New York City hotels, as more and more names join the list as they believe the casino will increase their profits. The high-stakes frenzy kicked off in April 2022 when three new casino licenses for downstate New York, which includes the city and surrounding counties, made their […]
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The new cancellation policy, that Airbnb has already changed, will cover hurricanes, that are connected with travel bans. As far as a flu warning in the U.S., a malaria emergency in Thailand, or a Covid-19 outbreak, these situations would be not covered from Airbnb. It will help the businessmen not to miss and have more […]
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-Heathrow Airport made big profits despite the onset of Covid and this was contributed by the delay in the delivery of sustainable aviation fuel, which resulted in an increase in prices and tickets according to Travel Gossip. London’s Heathrow Airport made a pre-tax profit last year of £38 million. It was the first time the […]
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Ryanair today (22 Oct.) reported a 7% fall in H1 profits (“PAT”) to €1.20bn (excl. Laudamotion losses). Average fares declined 3% due to excess capacity in Europe, an earlier Easter in Q1, repeated ATC strikes/staff shortages which caused a spike in cancellations of higher fare, weekend flights. Higher fuel, staff and EU261 costs have offset […]
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Ryanair reported a 20% fall in Q1 profits to €319m (excl. exceptionals). Strong traffic growth (up 7%), overcapacity in Europe, and the earlier timing of Easter led to a 4% decline in ave. fares. Higher fuel and staff costs offset strong ancillary revenue growth in the quarter. Q1 Results (IFRS) June 30, 2017 June 30, […]
Continue ReadingRyanair, Europe’s No. 1 airline, today (7 Nov) reported a 7% increase in H1 profits to €1,168m as AGB and lower fares delivered 12% traffic growth to 65m customers and a 2% jump in load factor to 95%. Ave. fares fell 10% to €50, however H1 unit costs also fell by 10% (ex-fuel down 5%). […]
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The International Air Transport Association (IATA) revised its 2016 financial outlook for global air transport industry profits upwards to $39.4 billion (from $36.3 forecast in December 2015). That is expected to be generated on revenues of $709 billion for an aggregate net profit margin of 5.6%. 2016 is expected to be the fifth consecutive year […]
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