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1. Business Travellers help to lift Profits for Virgin Atlantic
Business Travellers help to lift Profits for Virgin Atlantic. Virgin Atlantic’s Premium passenger numbers rose by 22% in 2007/2008 helping the airline to boost its annual profits. Pretax profits before exceptional items rose 38%, from £44million to £60.9million. Group sales, including tour operator Virgin Holidays, rose 9.1% to £2.336billion.
2. IATA Revises Financial Outlook for Global Air Transport Industry Profits
IATA has revised its 2016 financial outlook for global air transport industry profits upwards to $39.4 billion (from $36.3 forecast in December 2015). The revised number is expected to be generated on revenues of $709 billion for an aggregate net profit margin of 5.6%. 2016 is expected to be the fifth consecutive year of improving aggregate industry profits.
3. Asia Pacific Airlines Expected to Make Largest Contribution to Industry Profits in 2012
This will be the second year of declining returns since airline profits peaked in 2010 at $15.8 billion with a net profit margin of 2.9%. In 2011, industry profits fell to $7.9 billion for a 1.3% net profit margin. This year’s projected $3.0 billion industry profit would yield a net profit margin of just 0.5%.
4. Virgin Atlantic Reports Increase in Profits
Virgin Atlantic Reports Increase in Profits. Virgin Atlantic has reported its pretax profits increased to £68.4million during the last financial year, up from £34.8million the year before.
5. Sol Melia Increases Net Profits to 136 Million Euros in 2006
Sol Melia Increases Net Profits to 136 Million Euros in 2006. Spanish hotel company Sol Meliá celebrated its fiftieth anniversary in 2006 with a 7.9% increase in revenues, a 13.2% increase in EBITDA, and an increase in net profits of 51.2%. The results have been influenced by the positive performance of the company’s three hotel divisions and Sol Meliá Vacation Club (SMVC), togethe
6. IFA Hotels & Resorts Reports Year End Profits of KD 30.85 millio
IFA Hotels & Resorts Reports Year End Profits of KD 30.85 millio. IFA Hotels & Resorts (IFA HR) has reported year end profits of KD 30.85 million (US$ 108 million), which is 77.75 fils per share (27 cents per share), with revenues totalling KD 52.8 million (US$ 184.67 million).
7. Record Profits for IFA Hotels & Resorts
Record Profits for IFA Hotels & Resorts. IFA Hotels & Resorts has reported year end profits of KD 37.46 million (US$ 143 million), which is 111 fils per share (42 cents per share), an increase of 64% compared to the same period last year. Total revenues increased to US$ 211.47 million during 2008 compared to US$ 113.88 million in 2007, an increase of 86%. Shareholders' equity also
8. IFA Hotels & Resorts reports 130% Increase in Q1 Profits
IFA Hotels & Resorts reports 130% Increase in Q1 Profits. IFA Hotels & Resorts has reported first quarter 2008 profits of KD 15.01 million (US$ 56.41 million), an increase of 130% compared to the same period last year. Earnings per share increased by 134%, from 16.09 fils (6 cents) last year to 38 fils (14 cents) this quarter. Shareholders' equity also increased to KD 90.53 million

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