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Most if not all airline companies have suffered some major losses in the economic downturn of the past couple of years. Virgin Atlantic is one that had its worst year ever during 2009, and reported losses of around £158 million for the twelve months up to February 2010. However, the company seems to be rebounding with [...] Holidaymakers that found themselves stuck in Turkey after the holiday group Goldtrail went into administration arrived back at the East Midlands airport yesterday. However, flights out of East Midlands Airport to Dalaman, Bodrum, and Corfu have all been cancelled. Goldtrail was a package holiday operator that booked spaces for travellers on charter flights before it went [...] The Business Travel market hosted the captains of the business travel and aviation industries with a presentation speech by the British Airwars CEO Willie Walsh. Walsh addressed a crowd of 350 visitors, exhibitors, suppliers, and buyers at the event, which took place at ExCel, and told them that he had new found optimism and confidence in [...] Expedia’s travel management subsidy Egencia has seen a gradual improvement in the business travel environment over the first three months of 2010. Vice president of Egencia Americas supplier relations Noah Tratt stated that corporate travellers are starting to return to the road and the air, although companies are still attempting to control their travel expenditures. However, compared [...] Volcanologists and other scientists who have been studying the behaviour of volcanoes both in recent times and throughout human history are warning that the disruption of air travel in Europe may be just the prelude to even more problems. In fact there are several areas of concern, according to scientists from different parts of the [...] The global financial crisis hurt the travel industry enough in 2010, but the volcanic ash cloud that caused most European airlines to close for five days during April was symbolically simply an additional catalyst for disaster. This week, TUI Travel and Easyjet announced their costs from the volcano’s eruption with losses of £78.7 from Easyjet, which [...] Google is once again reaching for control of another online business avenue by taking on the profitable online travel booking business. In March, Google choose to add hotel links to its Map app by listing hotels along with their room rates depending on where users searched. They also are said to be negotiating paying $1b for ITA [...] The recent volcanic ash cloud debacle, combined with again increasing fuel prices is expected to see an increase in the cost of air tickets of around 11 to 12 percent across-the-board. This is expected to happen in two phases with around 5% added to every ticket before the end of the year, which although it does [...] |
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