Six years ago, JP Morgan analysts predicted that low-cost carriers “will eventually inherit the Earth.” It’s a big planet. But low-cost carriers are certainly taking an ever-larger share of the U.S. domestic market.
Argentina’s government Tuesday authorized rate increases for domestic airline tickets, saying it was protecting the financial viability of carriers.
Argentina’s tax revenue could return to double-digit growth in November, the head of the country’s tax agency said on Wednesday. Higher tourist volume and a pick-up in international trade will contribute to the increase, Ricardo Echegaray, the head of AFIP agency, told reporters in Buenos Aires.
The Hawaii Tourism Authority (HTA)’s marketing committee announced yesterday that it has approved an additional $1.238 million from the marketing opportunity fund for programs that will help to stimulate short- and long-term travel to Hawaii.
The boards of British Airways and Iberia have approved an agreement for a proposed merger to be completed late next year. The merger would take the form of new holding company that would own the two carriers.
Choice Hotels posted a $32.8 million profit in the third quarter, down 9 percent from the same period last year.