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49. AirAsia Reports Q1 Profit
AirAsia Reports Q1 Profit. AirAsia has reported a profit after tax of RM 224,110 million for the first quarter of 2010. The company’s revenue for the quarter ending 31 March 2010, was up by 10% year-on-year from Q1 2009 – from RM 797,131 million to RM 878,041 million. Passenger growth registered a healthy 17.1% increase to 3.7 million passengers.
50. Online Travel Agencies Sell 85% More Ancillaries and Fare Families
Online travel agencies (OTAs) spearheaded a dramatic shift towards online merchandising this year. In the first three quarters of 2015, Amadeus IT Group saw an 85% increase in the amount of ancillaries being sold via travel agencies. This trend suggests that OTAs are becoming a big player in the merchandising market.
51. IATA Revises Airline Financial Outlook; $12.9B Global Net Profit Expected in 2013
IATA has revised its industry financial outlook. For 2013 airlines are expected to return a global net profit of $12.9 billion. This is expected to improve to a net profit of $19.7 billion in 2014. Both are improvements on the September forecast which anticipated an industry net profit of $11.7 billion in 2013 increasing to $16.4 billion in 2014. The upward revision reflects lower
52. Duty of Care and Cost Control Top Priorities for Corporate Travel Managers
Duty of Care and Cost Control Top Priorities for Corporate Travel Managers. An Amadeus survey of corporate travel managers in Hong Kong and Singapore has identified cost control through improved management of travel processes and duty of care as top priorities for 2011. The survey was carried out by Amadeus, a leading travel technology partner and transaction processor for the glob
53. Industry Survey Shows All Airlines Investing in Business Intelligence Solutions
According to the 15th annual SITA/Airline Business IT Trends Survey, all airlines plan to invest over the next three years in IT systems which will allow them to get to know their passengers better and deliver tailored services directly to them, This year 100% of airlines surveyed plan to invest in business intelligence (BI) solutions, which allow them to know more about their cust
54. Airline Industry on Track for Second Year of Improving Profits
IATA has said that despite a slight downward revision to its industry outlook for 2014 to an industry profit of $18.7 billion from the previously forecast $19.7 billion, the airline industry remains on track to deliver a second consecutive year of improved profitability. The main driver of the downward revision is higher oil prices which are now expected to average $108.0/barrel (B
55. Tiger Airways Establishing New Business Unit; Seeks MD
Tiger Airways Establishing New Business Unit; Seeks MD. Tiger Airways is establishing a new business unit built around its website. The new subsidiary will be a vehicle for generating additional shareholder value and leveraging the strength of the airline’s website. The hunt is now on for a Managing Director to drive this new business.
56. Amadeus: Travel Agents Need to Evolve to Stay Relevant
Amadeus: Travel Agents Need to Evolve to Stay Relevant. Travel agencies need to look at new sources of income if they’re to thrive in an increasingly competitive Japanese business climate, said Peter Smith, Vice President of Amadeus Asia Pacific’s Business Solution Group, at a Power Breakfast in Tokyo, Japan, on Thursday. Speaking to 19 of Japan’s leading travel agency representati

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