May 7 - Sharjah based Air Arabia posted a Dh50 million net profit in the first quarter of 2010, 51 percent less than the Dh 103 million profit for the same period last year, because of declining passenger yields. The drop in net profit occurred even as passenger numbers increased by 9.02 percent to 1.03 million, earning the carrier revenues of Dh482 million in the first quarter of 2010, 4 percent higher than the Dh 463 million earned for the same period last year. Air Arabia’s seat long factor was strong at 80 percent, allowing it to sustain its performance from the previous period.
“This decline in profitability was in line with global trends of the aviation industry’s performance represented by the increase in fuel costs as well as continuous pressure on yield margins” the airline said in a statement. The lingering effect of the global financial crisis and rising cost of fuel continues to impact the profitability of airlines around the world because of an ongoing dilution in yields versus market capacity, explained Adel Ali, board member and group chief executive officer.
This has to be one of the most stunning edifices in all of Shanghai. Its claim to fame is that it is the tallest tower in all of Asia standing at over 1500 feet off the ground. The edifice comprises of three spheres and the architecture is incredibly modern and futuristic. Visit the observation decks to get a wonderful view of the city and visit the Shanghai History Museum. This museum showcases t...
This is an open air antique market located on the outskirts of the Menteng residential neighborhood. This is a a good place to bargain for exotic treasures. ...
Address: past the Medeu Ice Skating Rink and Medeu Dam, up the same trail Reception: +7 (3272) 58 19 99 Fax: +7 (3272) 58 20 30 Timings: open November to April/May Located at 2300 meters above sea level, this is a romantic little resort and hotel complex that perfectly terminates your breathtaking journey up the mountainside. From here you can go off on hike trails in different direc...
This museum showcases the evolution of the city of Tokyo through the ages; in particular from 1590- 1964 spanning almost four centuries from the era in which Tokyo was made the capital by the Shogun to when the Olympics were held in this amazing city. The history, geography, culture and social life of the city are showcased here. Edo literally means Old Tokyo and the Museum shows how the city as i...