Travel
Emirates president says demand remains resilient, unlikley to dissipate in the short term
Emirates President Tim Clark says the company has seen a “very strong” recovery since the summer of 2021. Source
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‘The system is rusty’: Executives defend industry as airlines cancel scores of flights
Air travel is roaring back, but not without some significant hiccups. Particularly in North America and Europe, travelers have described chaos at airports, with scores of flights canceled or delayed, luggage lost and wait times to board planes exceeding four hours. That’s partly the result of labor shortages from the pandemic, as layoffs have put […]
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It’ll take two to three years for the aviation sector to recover from labor shortages, says Air Arabia CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Capital Connection Adel Ali, CEO of Air Arabia, discusses the need for more technical and operational expertise in the aviation sector. 02:12 an hour ago Source
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Airport chaos and delays are ‘isolated’ and not every airport is experiencing problems, says IATA
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Willie Walsh of the International Air Transport Association says that in the “vast, vast majority” of cases, flights are operating on schedule, without disruptions. Source
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‘Revenge travel’ is taking place throughout Asia-Pacific, says industry body
Subhas Menon of the Association of Asia Pacific Airlines says that because Asia-Pacific was the region that was closed for the longest period and with the most stringent Covid-19 restrictions, it will take some time before its travel demand returns to pre-pandemic levels. Source
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Holiday weekend sees massive amount of flight cancellations
Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in New York, June 1, 2022. Mike Segar | Reuters Thousands of flights wound up cancelled and delayed during the Juneteenth and Father’s Day holiday weekend, which included the busiest air travel day […]
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One key problem has 1 in 4 expats ‘seriously considering’ or ‘planning’ to renounce U.S. citizenship
Valentyn Semenov / Eyeem | Eyeem | Getty Images While many filers dread tax season, Americans living abroad face even bigger yearly burdens — and those are frustrating enough that some want to ditch their U.S. citizenship. Roughly 1 in 4 American expatriates is “seriously considering” or “planning” to renounce their U.S. citizenship, according to […]
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Casino stocks are taking a hit as consumers struggle with inflation and recession fears
Shares of casino companies have plummeted even as inflation has soared at rates not seen in four decades and fears of a recession rattle consumers and investors alike. Caesars Entertainment stock has plummeted 50% so far this quarter. Bally’s has dropped 40% over the same time period, and Penn National Gaming and MGM Resorts shares […]
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Dubai’s famous boozy brunches get a reboot as Saturday becomes the new Friday
The UAE is tackling this issue of work-life balance and the government recently rolled out a 4.5-day working week for Emirati government employees. Laszlo Szirtesi | Getty Images News | Getty Images They say it’s risky playing with a winning formula — especially when that formula results in massive revenue for Covid-battered restaurants and is […]
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Buttigieg urges airline CEOs to ensure carriers fly reliably this summer after waves of disruptions
Passengers line up at John F. Kennedy International Airport after airlines announced numerous flights were canceled during the spread of the Omicron coronavirus variant on Christmas Eve in Queens, New York, December 24, 2021. Dieu-Nalio Chery | Reuters Transportation Secretary Pete Buttigieg urged airline CEOs on Thursday to ensure they can fly their schedules reliably […]
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