TUI AG has continued the positive performance in its core business sectors in the third quarter of the ongoing year. Turnover and earnings were improved compared to the previous year in both tourism and shipping.
Turnover in the tourism sector for the first 9 months of 2005 rose by 6.0 percent to 11.3 billion euros, while shipping turnover rose by 17.0 percent to 2.3 billion euros.
LAN Airlines S.A. and its related companies, one of the leading airline groups in Latin America, reported its preliminary monthly, accumulated traffic statistics and punctuality indicators for October 2005.
System passenger traffic for October spiked 6.7 percent as capacity rose of 3.2 percent. As a result, the Company´s load factor soared 2.4 points to 72.9 percent.
Traffic measured in revenue passenger-mile (RPM) went up 9.5 percent for Spanish airline Iberia in the month of October, compared to the previous year, against a capacity increase of 5.5 percent. The number of passengers surged by 6.5 percent, reaching 2.5 million, of which 1.1 million corresponded to international routes.
Following the strategy of increasing intercontinental flights in a higher proportion, long-haul capacity rose by 8.2 percent compared to the previous year. Traffic maintained the good performance of the previous months, growing by 10.4 percent and continuing the improvement of the mix.
Latin American and Caribbean migrants will send around $55 billion to their countries of origin this year, according to estimates released last week by the Inter-American Development Bank´s Multilateral Investment Fund (MIF).
The MIF, an autonomous fund administered by the IDB, had said earlier this year that remittances to this region could reach $50 billion, up from $45 billion in 2004.
Mexico will begin the Mercosur incorporation process during the first half of 2006, announced Mexican president Vicente Fox during his stay in Mar del Plata, Argentina for the IV Americas Summit.
Mexico already is member of the North American Free Trade Agreement, NAFTA, with United States and Canada and has similar accords with other countries in the region including Chile, Uruguay, Argentina and “will now try to resume an initiative that had remained dormant for some time”.
Mexico´s industrial production growth slowed in September, the latest evidence that the expansion in Latin America´s second-biggest economy is sputtering as export growth to the U.S. eases.
Output rose one percent in the month, less than half the 2.1 percent increase in August. September marked the fifth straight month in which output growth failed to reach 3 percent. Mexico had average monthly output growth of 3.8 percent last year.