Airline

IATA Lowers Loss Forecast For Mideast

March 14- The aviation industry body IATA cut its net loss forecast for Middle East carriers to $400 million (Dh1.46bn) a substantial reduction from its initial forecast in 2009 of a $1.5 billion loss.  Giovanni Bisignani said demand is causing recovery in the region but low yields on hub traffic will limit profitability. 

Bisignani, who is IATA’s director-general and chief executive, explained in a teleconference yesterday, that “We can clearly see from the numbers that the industry situation is improving.”   He said the improvement is driven by a recovery in demand as evidenced by year-end gains that have continued into the first months of 2010.  Globally, passenger demand has increased 6.4 percent and cargo growth increased 28.3 percent in 2009.  However, IATA said demand is still 2-3 percent lower than before the international economic crisis.  Bisignani projects Middle East carriers demand will grow 15.2 percent in 2010.

More Airline
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
flydubai touches down in Ljubljana, Slov...
Four new hotels opening soon in Dubai...
flydubai celebrates ten years of flying ...
Featured Sights To See
National Museum

National Museum

Damascus, Syria

This is an extremely remarkable museum and a must stop for any visitor to Damascus. It is a good course in the colorful history and culture of the city. The exhibits are fascinating and labeled in English and Arabic. The museum is divided into categories corresponding to the three eras in Syrian history; Pre-Classical, Classical and Islamic. The Pre-Classical section comprises of a number of ...

Jeita Grotto

Jeita Grotto

Beirut, Lebanon

Jeita Grotto is a complex of caves in the foothills of Mount Lebanon.  The lower cave was inhabited in prehistoric times, but not rediscovered until 1836.  The upper cave, or gallery, wasn’t discovered until 1958.  The caves are karstic – they were formed over millions of years by the dissolution of bedrock with water.  The upper gallery is more than a mile long, with a ceiling...

Omayyad Mosque

Omayyad Mosque

Damascus, Syria

This is arguably Damascus’s most popular architectural attraction. It is a significant and sacred religious site for Muslims all over the globe. There are a number of stories and beliefs surrounding this architectural masterpiece. This mosque is magnificent from the limestone floors, to the gold mosaics depicting forests, domes and towers. Also located within it is a huge courtyard that houses the...

What to do with Children in Tow

What to do with Children in Tow

Johannesburg, South Africa

Johannesburg is a great place for kids! The Joburg Zoo is sure to make them gape in wonder at the hordes of animals there, or perhaps the Zoo Lake would be more to their liking. The Walter Sisulu National Botanical Gardens are a great place to have fun while learning about the various forms of plant life found there. The Montecasino Bird Gardens are also great to tell kids about the hundreds of sp...