International News

International News

Increase of the debt of airlines

The International Air Transport Association (IATA) predicts that airline debt will reach 550 billion $ by the end of this year. That's 120 billion $ more than the International Atomic Energy Agency forecasted earlier this year. More than half of the new debt is related to government loans, deferred taxes and loan guarantees.

Create: May 28, 2020 Edit: May 29, 2020

The beginning of the second wave of unemployment caused by Coronavirus in the United States

Reuters latest report; The beginning of the second wave of unemployment caused by Coronavirus in the United States According to the US Department of Labor's Statistics Office, 34 states set a record for unemployment last month. Meanwhile, the state of Nevada, which is heavily dependent on the food and hospitality industries, has the highest unemployment rate among the others.

Create: May 28, 2020 Edit: May 29, 2020

Bankruptcy of Latin America's largest airline

The damage caused by the Coronavirus to the tourism industry has led LATAM to declare bankruptcy as the largest airline in Latin America. The airline and its affiliates in Chile, Peru, Ecuador and the United States have filed for bankruptcy in the United States.

Create: May 28, 2020 Edit: May 28, 2020

Probability of dismissal of 30% of Dubai hotel staff

About 43,000 rooms, equivalent to three-quarters of the rooms in Dubai hotels, are likely to remain closed until early September. In Abu Dhabi, 17% of hotel rooms remain closed and the government has rented out some of the rooms for senior quarantined staff.

Create: May 25, 2020 Edit: May 25, 2020

Corona's billions damage to the world's most famous hotels

Financial News report from London; Corona's billions damage to the world's most famous hotels With the implementation of the social distance plan, famous hotels and small resorts have been more or less affected. The implementation of these plans to combat and prevent Covid19 has caused 20% damage to famous hotels, which is equivalent to 14 billion $. Hilton Hotels Group, the world's largest hotel brand, has suffered a 35 percent loss or 10.8 billion $.

Create: May 21, 2020 Edit: May 23, 2020

Renewal of Turkish Airlines flights canceled

Turkish Airlines announced in a statement; Cancellation and suspension of international flights will be extended at least until June 10. The airline's return flight will also be announced on June 4, 2020.

Create: May 21, 2020 Edit: May 23, 2020

5,000 aircraft will retire

Airline Rating Analytical Institution Report; 5,000 aircraft will retire. The world's aviation fleet is preparing for its biggest clean-up following the outbreak of the coronavirus. The decision follows an analysis of maintenance costs, long-term fuel rates and environmental issues. New aircraft consume less fuel due to new engine and structure technology.

Create: May 20, 2020 Edit: May 21, 2020

Corona's negative impact on India's tourism industry

Indian airlines lose an average of between 10 million to 12 million $ a day. As the current situation continues, these companies will need 3.4 billion to 6.4 billion $ fund over the next two years. Airlines have also fired a number of employees or reduced their salaries to avoid delays in paying off debts and bankruptcies.

Create: May 20, 2020 Edit: May 21, 2020

Italian hoteliers go on strike

Bernabeu Boca, president of the Italian Hoteliers Association; Thirty percent of accommodation centers are at risk of being closed this summer. As the current situation continues, 60 to 70 percent of accommodation centers will be closed by the end of the year. Revenues do not cover expenses because we are the first to close and the last to reopen.

Create: May 19, 2020 Edit: May 20, 2020

The British government's plan to force quarantine passengers on international flights is foolish and unenforceable

Ryanair Airlines CEO Michael O'Leary emphasized; Neither passengers have complied with the new restrictions, nor do the police have the capacity to monitor its proper implementation. The 14-day quarantine of passengers has no medical or scientific basis, and the best course of action is to use a mask. The plan has no credibility and is likely to be called off in the coming weeks until the end of June due to disobedience by passengers.

Create: May 19, 2020 Edit: May 19, 2020

Destroy the hotel which hampered the view of the Acropolis

The order to demolish two floors of a large hotel in Athens was issued due to the deterioration of the landscape of the historic Acropolis complex. Now the five-star, high-rise hotel, which has been in operation for more than a year, is forced to demolish its two upper floors. The hotel is currently 31.5 meters high and should not be more than 24 meters high.

Create: May 18, 2020 Edit: May 19, 2020

Corona's devastating hit to South Korea's largest airline

"Korea Air" recently announced that its revenue in the first quarter of 2020 was 1.9 billion $. Compared to the same period last year, the company's revenue fell by 559 million $.

Create: May 17, 2020 Edit: May 19, 2020