Tag Archives: billion

Etihad Airways reports staggering USD 1.7 billion loss

Etihad Airways reports staggering USD 1.7 billion loss

The post Etihad Airways reports staggering USD 1.7 billion loss appeared first on TD (Travel Daily Media) Travel Daily. Abu Dhabi’s national carrier Etihad has reported core operating losses of USD 1.7 billion in 2020, reflecting the severe toll of the coronavirus pandemic on the long-troubled airline that has lost billions in recent years. The […]

Delaying restart of international travel will cost UK economy USD 37 billion: WTTC

Delaying restart of international travel will cost UK economy USD 37 billion: WTTC

The post Delaying restart of international travel will cost UK economy USD 37 billion: WTTC appeared first on TD (Travel Daily Media) Travel Daily. The World Travel & Tourism Council (WTTC) has warned that nearly GBP 27 billion (USD 37.46 billion) will be lost from the UK economy if the government delays restarting international travel […]

Saudi Arabia announces USD 3 billion luxury mountain hub plan

Saudi Arabia announces USD 3 billion luxury mountain hub plan

The post Saudi Arabia announces USD 3 billion luxury mountain hub plan appeared first on TD (Travel Daily Media) Travel Daily. Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Deputy Prime Minister and chairman of the Public Investment Fund (PIF) in Saudi Arabia has announced the launch of Soudah Development Company (SDC) […]

Qantas reveals shocking AUD 1 billion six-month loss

Qantas reveals shocking AUD 1 billion six-month loss

The post Qantas reveals shocking AUD 1 billion six-month loss appeared first on TD (Travel Daily Media) Travel Daily. As the COVID-19 pandemic left a terrible horror mark in the aviation industry and proved to be a fatal blow, Qantas has now posted an underlying loss of AUD 1.1 billion (USD 858 million) in the […]

German, UK and French accommodation and restaurant sector to lose $95.7 billion in 2020

German, UK and French accommodation and restaurant sector to lose $95.7 billion in 2020

The post German, UK and French accommodation and restaurant sector to lose $95.7 billion in 2020 appeared first on TD (Travel Daily Media) Travel Daily. The year 2020 has been a rough one for the accommodation and restaurant industry. After the COVID-19 lockdown in the first months of 2020, many restaurants reopened in the second […]

Air travel down 60% in 2020, losses hit USD 370 billion

Air travel down 60% in 2020, losses hit USD 370 billion

A new report from the UN agency for civil aviation has confirmed that international passenger traffic suffered a dramatic 60% drop over 2020, bringing air travel totals back to 2003 levels. The International Civil Aviation Organisation (ICAO) reported that as seat capacity fell by 50% last year, passenger totals dropped by 60% with just 1.8 […]

Australia to lose 320,000 tourism jobs and USD 7 billion amid border shutdown

Australia to lose 320,000 tourism jobs and USD 7 billion amid border shutdown

Australia’s tourism industry is forecast to lose almost USD 7 billion and place 320,000 jobs at risk over the summer holiday period due to domestic and international border closures brought in by COVID-19. New analysis by the Tourism and Transport Forum (TTF) found that in the short period of December 24, 2020 to January 31, […]

COVID-19 pandemic has cost global tourism industry $935 billion

COVID-19 pandemic has cost global tourism industry $935 billion

COVID-19 pandemic has had a huge financial impact on tourism globally, affecting all countries around the world, as well as airlines, travel operators and other hospitality providers in the sector Continue reading COVID-19 pandemic has cost global tourism industry $935 billion at eTurboNews | Trends | Travel News Online. The post COVID-19 pandemic has cost […]

Boeing charged with 737 Max fraud conspiracy, to pay over $2.5 billion in fines

Boeing charged with 737 Max fraud conspiracy, to pay over $2.5 billion in fines

Boeing will pay a total criminal monetary amount of over $2.5 billion, composed of a criminal monetary penalty of $243.6 million, compensation payments to Boeing’s 737 MAX airline customers of $1.77 billion, and the establishment of a $500 million crash-victim beneficiaries fund to compensate the heirs, relatives, and legal beneficiaries of the 346 passengers who […]

Boeing to pay USD 2.5 billion for settling fraud charge over 737 Max plane

Boeing to pay USD 2.5 billion for settling fraud charge over 737 Max plane

Boeing has agreed to pay USD 2.5 billion to settle criminal charges in the US centred on the troubled 737 Max. Officials argued the manufacturer hid information from safety inspectors about the design of the aircraft. The US justice department said the firm chose profit over candour, impeding oversight of the planes, which were involved […]

Translate »