Tag Archives: loss

Etihad Airways reports staggering USD 1.7 billion loss

Etihad Airways reports staggering USD 1.7 billion loss

The post Etihad Airways reports staggering USD 1.7 billion loss appeared first on TD (Travel Daily Media) Travel Daily. Abu Dhabi’s national carrier Etihad has reported core operating losses of USD 1.7 billion in 2020, reflecting the severe toll of the coronavirus pandemic on the long-troubled airline that has lost billions in recent years. The […]

Qantas reveals shocking AUD 1 billion six-month loss

Qantas reveals shocking AUD 1 billion six-month loss

The post Qantas reveals shocking AUD 1 billion six-month loss appeared first on TD (Travel Daily Media) Travel Daily. As the COVID-19 pandemic left a terrible horror mark in the aviation industry and proved to be a fatal blow, Qantas has now posted an underlying loss of AUD 1.1 billion (USD 858 million) in the […]

Tourism in Spain staring at USD 120 billion loss due to COVID-19

Tourism in Spain staring at USD 120 billion loss due to COVID-19

Devastated by the pandemic, Spain’s all-important tourism sector is expected to incur losses of more than EUR 100 billion (USD 120 billion) this year, an industry body warned. If the dire prediction proves correct, it would take the sector’s annual income back to the level it was in 1995, the Exceltur tourism association said. “We […]

Ryanair logs in first-half loss due to passenger slump

Ryanair logs in first-half loss due to passenger slump

Low-cost carrier Ryanair has reported a loss of EUR 197 million (USD 230 million) for the first half of financial 2020 as the Covid-19 pandemic continues to extract a huge toll on the aviation sector. The loss compares to a profit of EUR 1.15 billion (USD 1.34 billion) for the same period of last year. […]

Malaysia unveils 10-year tourism plan after USD 25 billion loss in 2020

Malaysia unveils 10-year tourism plan after USD 25 billion loss in 2020

Malaysia has launched a 10-year plan to restart its battered tourism sector, which is estimated to have lost more than MYR 100 billion (USD 24.61 billion) this year due to the coronavirus pandemic. The Southeast Asian country had initially targeted 30 million tourist arrivals through its ‘Visit Malaysia 2020’ programme, up from 28 million last […]

Australia braces for $1.4 billion loss due to Chinese tourism slump

Australia braces for $1.4 billion loss due to Chinese tourism slump

Absence of cashed-up visitors from China will cost Australian tourism $1.4 billion over Chinese New Year holiday period Continue reading Australia braces for $1.4 billion loss due to Chinese tourism slump at eTurboNews | Trends | Travel News Online. The post Australia braces for $1.4 billion loss due to Chinese tourism slump appeared first on […]

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