Archive for the ‘Business Travel’ Category
By Jay Boehmer
JUNE 09, 2008 — In 2007, so much looked so right for domestic airlines: Their planes were the most full in history, passenger demand blossomed to its highest levels and revenues rose throughout the year. Those positive operating fundamentals nurtured net incomes that doubled, or in some cases tripled, the baseline profits established by most carriers in 2006—making 2007 the second profitable year for the domestic industry since 2000. However, last year’s profits are likely to be the last for some time as the operating environment grows bleaker with every trip airlines take to the fuel pump.
That single expense item—the current growth of which was unfathomable to airline executives five years ago—is spurring airlines to segment traveler populations, raise fares, add surcharges and a plethora of ancillary fees, and slash domestic capacity. It helped bring together Delta Air Lines and Northwest Airlines in a merger pursuit to create the largest airline, while forcing others into operational oblivion or bankruptcy. In the past six months, Air Midwest, Aloha, ATA, Big Sky, Champion, Eos, Maxjet, Silverjet and Skybus ceased operations, while Frontier Airlines filed for Chapter 11 bankruptcy protection. Despite carriers’ best efforts to offset rising fuel costs through capacity cuts, new revenues and higher fares, analysts said the bleeding has just begun.
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A number of organizations in the country have come out in support of the United States’ decision to lift its travel warning for Indonesia, and hope the policy reversal will benefit trade between the countries.
During a recent press conference, the Indonesia-United States Committee (KIKAS) and the American Chamber of Commerce in Indonesia (AmCham) said direct, personal contact between business people from the two nations was key to strengthening existing commercial relations and encouraging new investment and trade.
“This action by the U.S. will be good for business in Indonesia. It will help bring more American investment and help achieve our development goals.” said KIKAS chairman Sofjan Wanandi.
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Exhibition joins forces with YouGovSiraj to survey companies on their Green travel commitments.
The Business Travel Show Dubai is teaming up with YouGovSiraj this month to roll out a comprehensive survey into the business travel trends of corporates in the UAE.
The survey, which will target buyers and bookers of business travel, will question the market’s commitment to green travel initiatives, with a view to finding out how many companies are prepared to pay extra to offset their travelling employees’ carbon emissions, and who are using suppliers that minimise carbon footprints.
The Business Travel Show Dubai and YouGovSiraj survey will also consider the latest issues and trends facing corporate travel managers and bookers of business travel, from booking habits and decision making processes to business travel policy making. The survey is being carried out starting from 2nd June, with results being made public at the end of June. Read the rest of this entry »
Tags: dubai, uae
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