• Travel Destinations

    Boeing reports increasing profits in the second quarter

    The post Boeing reports increasing profits in the second quarter appeared first on TD (Travel Daily Media) Travel Daily. Boeing reported $17 billion in revenue for the second quarter, owing to increased demand for commercial aircraft. This is a 44 per cent increase over the $11.8 billion recorded in the same period last year. The manufacturing behemoth stated that GAAP earnings per share of $1 and core earnings per share of $0.40 were primarily due to higher commercial volumes and lower costs. Boeing earned $567 million in the second quarter, compared to a $2.4 billion loss in the same period last year. In response, the company announced that it would…

  • Travel Destinations

    Number of global new Covid-19 cases continues to fall – WHO reports

    The post Number of global new Covid-19 cases continues to fall – WHO reports appeared first on TD (Travel Daily Media) Travel Daily. The number of global new cases reported continues to fall for the sixth consecutive week, with 2.4 million new cases last week, an 11% decline compared to the previous week.  The number of new deaths also continued to fall for the past three weeks, with nearly 66 000 new deaths reported last week, a 20% decline as compared to the previous week. A total of four out of six WHO regions reported declines in new cases, with only South-East Asia and the Eastern Mediterranean regions showing a…

  • Travel Destinations

    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 airline reported revenues of USD 2.7 billion in 2020 compared to USD 5.6 billion the year before, a precipitous decline it attributed to ‘drastically fewer people traveling’ as the surging pandemic crippled air travel. But the airline, one of the Middle East’s top carriers, struggled with financial losses long before the pandemic wiped out the…

  • Travel Destinations

    Turkish Airlines reports better traffic results

    The post Turkish Airlines reports better traffic results appeared first on TD (Travel Daily Media) Travel Daily. Turkish Airlines is reporting promising traffic results during the pandemic, with an average of 603 flights per day to 208 destinations. Although this represents a 52% decline from 2019 levels, it’s significantly more than any of its major competitors in Europe, says the airline. Also notable is the fact that it achieved these results with no government bailouts of staff layoffs. For the full 2020 calendar year, Turkish Airlines flew 28 million passengers, with a load factor of 71%, and managed to maintain a robust route network and provide vital connectivity during these…

  • Travel Destinations

    UNWTO reports 87% decline in tourist arrivals in January 2021

    The post UNWTO reports 87% decline in tourist arrivals in January 2021 appeared first on TD (Travel Daily Media) Travel Daily. The United Nations World Tourism Organisation (UNWTO) has stated that the devastating impact of the COVID-19 pandemic on global tourism has carried on into 2021, with new data showing an 87% fall in international tourist arrivals in January as compared to 2020. The outlook for the rest of the year remains cautious as the UNWTO continues to call for stronger coordination on travel protocols between countries to ensure the safe restart of tourism and avoid another year of massive losses for the sector. Following a difficult end of the…