Airline
Airlines Restructure Assets
Airlines have been restructuring their assets because of decreased traffic and high cost of operations, caused by the impact of the global financial crisis and turbulent fuel costs. Managing Director of British Airlines bmi, Peter Spencer, said some legacy airlines have resorted to using smaller aircraft, carrying fewer passengers, and using some part of their fleet for charter services.
Spencer said legacy carriers over all sales have plummeted 30% and they are expected to see traffic decline further. Passenger traffic has dropped between 10% and 15% and so airlines have cut their capacity of up to 15%. Spencer noted the Middle East travel trade is not as affected by the global financial crisis as the western world. He said it “is doing well as is evident from the growth in our operations, especially in Saudi Arabia, Syria, Jordan, Lebanon, and Egypt.
More Airline
Latest Travel News
Featured Sights To See
Karen Blixen Museum
Nairobi, Kenya
The famous Danish author, Karen Blixen, who wrote under the pseudo name Isak Dinesen lived here. She is the author of ‘Out of Africa.’ Her house was originally in the coffee plantations in the countryside, but now with the growth of the city, it is just in the outer region of Nairobi and has been converted into a museum. It has many of her famous books and paintings of African life. It is the high...
Neka Art Museum
Bali, Indonesia
For an introduction to Balinese art and history, the museum should be part of your itinerary. All artwork is displayed and organised according to international standards. It was founded in 1982 by a patron of the arts, Suteja Neka. Jalan Raya Campuhan (about 10 min. north of central Ubud, near Ananda Cottages) Phone: 361/976206 Museum timings: Monday-Saturday: 9:00 am.- 5:00 pm Sun...
Dodger Stadium
Los Angeles, United States
The third oldest ballpark in the United States, Dodger Stadium has been home to the Los Angeles Dodgers Major League Baseball since 1962. A great place to watch a professional baseball game, Dodger Stadium has also had many of the world’s top music artists perform there including: Madonna, Kiss, The Rolling Stones, the Beatles, the Bee Gees, Elton John, Michael Jackson and U2. Addr...
Kirra Galleries
Melbourne, Australia
If you are an art lover then Melbourne holds all kinds of attractions to captivate your attention. One such attraction is the Kirra Galleries which specializes in the most superior form of art, sculpture and glass work. In addition the place also provides you some of the most dexterous work done on jewelry of gold and silver. Address: Cnr. Swanston and Flinders Street Melbourne Victoria 3000 ...