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Tourist numbers continue to fall drastically in Turkey

Tourist numbers in Turkey are continuing to fall amidst political unrest and terrorism threats. While the year-on-year figure for May revealed a drop of 34.7%, June’s year-on-year figure stands at 40.86%, which will equate to an approximate loss of revenue from tourism of US$8 billion if the year’s overall reduction in tourist numbers averages out

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Atlas Air Worldwide commences air transport service for Amazon

Atlas Air Worldwide Holdings announced the inaugural flight of the first of 20 B767-300 converted freighters to be provided to Amazon to support the continuing expansion of Amazon’s e-commerce business and to enhance its customer delivery capabilities. The aircraft, the first in Amazon’s new “Prime Air” livery and named “Amazon One,” departed from Seattle-Tacoma International

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Delays continue at Delta after power outage

Problems continue at Delta Airlines as the ‘ripple effect’ of early Monday’s power outage continues to spread. While it was initially thought the outage originated at Georgia Power which controls the power grid to Atlanta Airport, it was subsequently discovered that the outage started in the airline’s equipment. A Delta Airlines spokesperson confirmed Tuesday that

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Embraer to reduce staff levels

In a reaction to the “unprecedented” crisis in the global economy and with 90% of its revenue coming from exports, Embraer, the world’s fourth-largest airplane manufacturer and market leader in mid-sized passenger jets, has announced the intention to lay off some of its workforce. Both production and administration sides of the business will be affected as

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Lufthansa A321 in near-miss with UAV at Munich Airport

As regulators worldwide search for a solution to the ever-increasing problem of unmanned aerial vehicles (UAVs), or drones as they are also called, a further incident has occurred at Germany’s Munich Airport between a UAV and a Lufthansa A321 on its approach to the airport on August 4. The plane in question was on a

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IndiGo profits down 7.4% for Q1 due to “competitive fare pressures”

Despite IndiGo’s reported increase in operational revenue of 8.7% compared to the same quarter last year, the figure of INR45.8 billion for Q1 2017 has resulted in a net profit of only INR5.29 billion, a drop of 7.4% compared to Q1 2016. Aditaya Ghosh, IndiGo president, confirmed that profitability had fallen “primarily because of competitive

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Quatar Airways increases stake in IAG to 20% in just over 18 months

It was in January 2015 that Qatar Airways first acquired a stake in International Consolidated Airlines Group (IAG), buying 9.9% of the company for approximately £1.2 billion (US$1.7 billion), shortly after which it increased this stake to 10.01%. In May this year it increased that stake to 15.01% with the acquisition of a further 5%

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