Since 2001, they have made amazing progress. Labour productivity is up 32 per cen while non-fuel related costs are down by 14 per cent. Traffic has also grown. Last year, passenger traffic grew 7.6 per cent and cargo by 3.2 per cent following double-digit growth in 2004.
Despite these improvements, airlines lost US$6 billion last year bringing total losses since 2001 to US$42 billion. US ...
While US and European LCCs enjoyed five years of high growth through the late 1990s to early 2000s, their South-east Asian counterparts seem to be heading for a premature consolidation.
'2005 has generally not been great to LCCs in the region,' noted Standard & Poor's regional aviation analyst Shukor Yusof. 'While they have continued to increase market share, they have suffered from a...
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Militant attacks, including the kidnapping of nine oil workers on Saturday, have led to a 25 per cent cut in...
NEW YORK - Turns out that the economy is doing pretty well, after all. Federal Reserve Chairman Ben Bernanke's congressional testimony sparked a major rally on Wall Street last week, with the Dow Jones industrial average hitting a new 4 1/2-year high after the Fed chief gave a bullish assessment of economic growth for 2006.
Throw in strong earnings from Hewlett-Packard Co. and oil prices...
Fair-trade entrepreneurs work to ensure small suppliers' success
Teresa Fritschi seeks out artisans in hidden corners of Scotland, pays generously for their lamb's-wool blankets, Orkney driftwood chairs and organic-tweed jackets, and peddles their indigenous craftsmanship to a far-flung audience over the Internet.
James Potemkin is a kindred spirit who specializes in selling the r...
Borrowers hoping for an imminent cut in interest rates had their hopes dampened after the Bank of England forecast robust growth and inflation on track to stay close to its 2 per cent target.
In its Inflation Report, published every three months, the Bank forecast gross domestic product (GDP) of 2.7 per cent for 2006, compared with a prediction of 2.5 in November last year. It described t...
There was a sudden jolt last week to the "steady as she goes" perception of the UK economy.
Just a day after the Bank of England had published its Inflation Report, which suggested the economy would pick up a bit more speed through this year, came news of a slump in retail sales in January. Year-on-year, the rate of increase in sales fell from 4.3 per cent in December to just 1.3 per cent...
A) don't listen to it any more than the rest of the music I've purchased.
A) by hearing it in random places and tracking it down.
B) from friends' or trusted sites' recommendations.
Add up the number of A's and B's from the seven questions.
You may want to consider renting; it gives you the opportunity to explore a huge catalog of music without committing to any on...
HOUSTON -- American consumers are paying for the most expensive winter on record. But consider how much worse it might have been.
When hurricanes Katrina and Rita ripped through the heart of the nation's offshore energy-producing region last year, natural gas experts feared the worst -- record gas prices and supply shortages.
Then came the warmest January since at least 1934. Cherr...
Call me incredibly naive but I believe individual voters can influence the outcome of elections.
I'll be at the polls Tuesday casting a vote for my preferred county executive candidate. The county clerk says fewer than 20 percent of my fellow citizens will exercise their right to go to the polls.
There's another right we all have — where to spend and invest our money.
Our de...