Airline
Mideast Carriers Face More Turbulence
Middle East carriers face more turbulence according to the International Air Transport Association’s (IATA) revised annual forecast. IATA said airline industry losses will reach $1.5 billion (Dh5.5 billion) by the end of the year. Previously IATA forecast losses of $200 million (Dh734 million). IATA explains that the region’s geographic location is the centerpoint for several international hubs which means it is severely impacted by the recession in Europe and Asian, which are source markets.
IATA Director-General said “There is no modern precedent for today’s economic meltdown. The ground has shifted. Our industry has been shaken.” Giovanni Bisignani addressed top industry leaders about the economic slowdown at the IATA annual general meeting and world air transport summit yesterday. He said the current economic meltdown is the worst situation the airline industry has ever faced.
More Airline
Latest Travel News
Featured Sights To See
The Sao Paulo Zoo
Sao Paulo, Brazil
A place worth visiting, the Sao Paolo Zoo has over 3,000 different kinds of animals, including several endangered species. The zoo has a lake in its center containing the monkey islands, which must not be missed. Address: Av. Miguel Stéfano 4241, Água Funda, Parque do Estado Tel: 011-5073-0811 Timings: Tuesday-Sunday, 9am-5pm Entry fee: R$10 ...
What to do with Children in Tow
New Delhi, India
There is no dearth of attractions for children in Delhi. With parks aplenty, museums of varied nature and theater for kids where you're bound to find something of their choice, there's never a dull moment for your little ones. Be sure to check out these places for they're as compelling for adults as well! Shankar's International Dolls Museum This fascinating collection of dolls from ar...
Grauman's Chinese Theatre
Los Angeles, United States
This opulent building was built by Sid Grauman in 1927 and is one of the most famous tourist attractions in Hollywood. Renovated several times in the past, it's facade has a distinctive Oriental look resembling a pagoda. In the forecourt you will find footprints and handprints of celebrities embedded in the cement. You will also find hoof prints of Roy Roger's horse Trigger. Tours backsta...
Gold Souk
Dubai, United Arab Emirates
No visit to Dubai is complete without a visit to the Gold Souk. Even if you do not intend to buy anything, the unique feel is worth the price of admission (which is free). Here everything that glitters really is gold! Perhaps the most surprising thing is the lack of security. With shop upon shop laden with gold, the expectation is that visitors would be under lots of scruti...