Amadeus IT Group has maintained what it is calling “a positive financial evolution” in 2019. Growth was supported by the solid operating performances of its businesses, particularly IT Solutions, the consolidation of TravelClick and positive foreign exchange effects. All these factors drove double-digit growth both in revenue and EBITDA. Revenue for the year grew by 12.8 per cent, to €5,578 million, while EBITDA increased by ten per cent, to €2,245 million. Luis Maroto, Chief Executive of Amadeus, commented: “Amadeus has closed another year of good growth. “In distribution, we saw market share gains in all regions except Asia-Pacific. “In IT…
Author: holidayweekly
MOSCOW: Aeroflot has received and presented their first Airbus A350 passenger jet, TASS reported from the official ceremony on March 4. Aeroflot has become the first Russian air carrier having this aircraft in their fleet. According to the aircraft presentation, the A350 jet is planned for used in routes to the American continent, to Washington, Miami, Los Angeles, and Havana. An option is also considered to use it for flights from Moscow to New Delhi, Singapore, Denpasar, Guangzhou, Beijing, and Osaka. The jet will make its first flights on the route from Moscow to St. Petersburg and its first scheduled…
SINGAPORE: Sabre Corporation, the leading software and technology company that powers the global travel industry, today announces a new partnership with Taiwan’s newest carrier, STARLUX Airlines. The long-term agreement to connect to Sabre’s GDS platform, will provide the airline access to Sabre’s rich global travel marketplace, comprising over 425,000 travel agents worldwide; supporting the carrier as it aims to become a leading luxury, full-service boutique carrier within the Asia Pacific region and beyond. “STARLUX Airlines has ambitious plans for the future and, as such, it is vital that we leverage the right partners that support our business objectives,” said Glenn…
DUBAI: flydubai has reported a full-year profit of $53.9 million for 2019 compared to a loss of$43.4 million in 2018, helped by a compensation agreement with Boeing over the worldwide 737 MAX grounding. However, revenues dipped to $1.63 billion, down 2.6 per cent from ($1.68 billion) in 2018. The total number of passengers carried also fell to 9.6 million, a decline of 12.7 per cent from 11 million in 2018. Ghaith Al Ghaith, Chief Executive Officer at flydubai, said: “We have had to manage a number of unprecedented issues faced by the aviation industry. Our results demonstrate that we have…
DUBAI: Emirates will axe charges for changing flight bookings as the Gulf carrier bids to reassure customers weighing travel plans against coronavirus uncertainty. Aviation continued to grapple with the Covid-19 outbreak on Thursday with airline Lufthansa and aircraft manufacturer Airbus amongst those pondering cuts as the crisis continued. Airline Emirates told Irish travel agents that it would not charge passengers change or ticket reissue fees on flights booked from Thursday March 5th to the last day of the month. The Dubai-based airline’s move means that if anyone who books flights during that time subsequently changes the travel date the airline…
COLOMBO: Sri Lanka will host the 32nd Joint Meeting of UN World Tourism Organization’s Commission for East Asia and the Pacific and the UNWTO Commission for South Asia from 29th June to 01st July 2020 in Colombo and Sri Lanka Tourism Development Authority is currently in the process of organizing the conference. The theme of the Conference is “Contemporary Challenges and Tourism Revitalization” aimed at discussing how to revitalize tourism in response to the times of crisis and share effective crisis management tools and examples for the tourism sector and its industries. Approximately 150 foreign delegates representing member states are…
ISLAMABAD: The relocation process of the Pakistan International Airlines (PIA) Head Office to Islamabad is very much on and different departments are being shifted to the Federal Capital one after another. While its framework plan has been sent to Prime Minister Imran Khan for final approval. According to the Aviation Division sources, the PIA Head Office is being shifted to Benazir Bhutto International Airport’s terminal building. The sources said each detail of relocating the head office from Karachi to Islamabad has been finalized. They lauded the role of CEO Air Marshal Arshad Malik in shifting of the PIA Head…
RAWALPINDI: Pakistan International Airlines (PIA) will induct five more aircraft into its fleet by the end of the year, Minister for Aviation Ghulam Sarwar Khan said on Tuesday. During an informal interaction with the press at the Aviation Division, Mr Khan said that PIA’s losses have decreased considerably due to improved management. Aviation Secretary Hassan Nasir Jamy and Senior Joint Secretary Abdul Sattar Khokhar were also present. Mr Khan said that the segregation of functions within the Civil Aviation Authority (CAA) into two divisions —commercial (airport services) and regulatory — was in process and would be completed by March 31.…
QUETTA: Aviation Minister Ghulam Sarwar Khan says development of airports is among the top priorities of the government to increase regional connectivity and to bring direct economic benefits to various areas of the country. The Minister, along with Balochistan Chief Minister Jam Kamal Khan, on Wednesday, March 4, performed the groundbreaking of a new runway at Quetta International Airport. Speaking on the occasion, he said that the Quetta airport handled half a million passengers annually with 38 flights every week, so the new runway would enhance flight operations and the airport would now be able to handle 1.6m passengers annually.He…
DUBAI: Emirates Group has seen a “measurable slowdown” in business due to the coronavirus outbreak and has asked staff to take paid and unpaid leave, according to a report. Emirates Group, a state-owned holding company that counts Emirates airline among its assets, had more than 100,000 employees, including more than 21,000 cabin crew and 4,000 pilots, at end-March 2019, the end of its last financial year. “A particular challenge for us right now is dealing with the impact of the COVID-19,” the email to staff said, using the name of the disease caused by the coronavirus SARS-CoV-2, adding: We’ve seen…