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Travel Hot News.com
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| FLash | Swedish travel group SAS reports lower Q3 earnings on rising fuel prices
SAS Group AB reported a smaller profit for the 3rd quarter, struggling with rising fuel prices that have hurt the industry and increased competition among its domestic routes from rival low-cost carriers. The Scandinavian travel conglomerate earned 68 million kronor ($9.5 million US), or 0.41 kronor (five cents) a share, in the 3 months ended Sept. 30, compared with 699 million kronor, or 4.25 kronor a share, in the same period in 2003. Sales for the quarter rose to 15.4 billion kronor ($2.1 billion) from 14.9 billion kronor a year earlier. Scandinavian Airlines is the joint carrier of Sweden, Denmark and Norway. |
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| Cuba Departure Tax Payable in Cuban Convertible Peso Only |
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Please note, effective November 8, 2004 onward the Cuba departure tax must be paid in Cuban Convertible Peso (CUC) only as all U.S. currency will be pulled from circulation in Cuba. The CUC is equivalent to USD$1 (approx. CAD$1.22). The exchange rate to the U.S. dollar is fixed, one to one, as established by the Central Bank of Cuba. Therefore, the departure tax becomes 25 Cuban Convertible Pesos (which is equivalent to approximately CAD$31).
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| CanJet introduces Moncton-New York service |
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Doug Newson, Director, Marketing & Sales Delivery, CanJet Airlines, is pleased to announce that Canada's Low-Fare Airline will introduce regular scheduled  service between Moncton, New Brunswick and New York LaGuardia on Monday, November 29th. Mr. Newson stated, "New York is the financial and cultural capital of North America and CanJet Airlines is very proud to create this new link for both the business and leisure travelers of New Brunswick and Prince Edward Island. With one-way web fares beginning at $144 (CDN), excellent departure times in both directions and convenient connections at Pearson International Airport, we are hopeful this new service will receive solid customer support."
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| Ensemble Travel™ Members Select Top Partners for 2004 Supplier Awards |
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Superior member sales support, innovative marketing programs, proactive customer service, and a collaborative spirit were all rewarded today as Ensemble Travel™ announced the winners of its second annual preferred supplier awards.
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| Fall Regional Conferences A Resounding Success |
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If the superb attendance in Toronto and Vancouver is any indication, Vacation.com-Canada’s upcoming Fall Regional Conference in Halifax (November 18) is also destined for success! Last month more than 520 participants attended the Fall Regional Conferences in Toronto (280 Agents & 60 Suppliers) and Vancouver (140 Agents and 40 Suppliers).
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| Capilano bridge, Scenic Caves win national tourism awards |
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The Capilano Suspension Bridge in B.C. and Scenic Caves Nature Adventures in Collingwood, Ont., were among recipients of the 2004 National Awards for Tourism Excellence. The suspension bridge won the innovator of the year award for its Treetops Adventure, opened in May. ``This unique mainstream eco-tourism experience, minutes from downtown Vancouver, takes visitors 100 feet above the forest floor on a series of seven suspension bridges through magnificent old-growth Douglas firs,'' said awards organizers.
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| Deadline Extended For Receipt Of Applications For Position Of CTO Secretary General |
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Caribbean nationals both within and outside the region who wish to apply for the Caribbean’s top public sector tourism position, have received an extension to the date by which they are to send in their applications. The Ad Hoc Search Committee of the Caribbean Tourism Organization (CTO) has extended the deadline for receipt of applications for the position of Secretary General of the organization to Wednesday, November 24th, 2004.
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| FLash | Air Jamaica executive David Banmiller named Aloha Airlines' new CEO
Air Jamaica executive David Banmiller was named the new president and CEO of Aloha Airgroup Inc., the Honolulu-based parent company of Aloha Airlines. Company officials said Tuesday that Banmiller will succeed Glenn Zander who recently stepped down to devote more time to personal matters related to his wife's health. Zander now serves as vice chairman of the board of the privately held company. Aloha chairman Han Ching said Banmiller's appointment is effective Nov. 14. |
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| FLash | Auditor clears struggling Alitalia's first half accounts for rescue plan
An auditor has approved Alitalia SpA's accounts for the first half of its fiscal year, the struggling state-controlled carrier said Tuesday. Some traders had been concerned that Deloitte & Touche SpA might not sign off on the calculations in Alitalia's rescue plan. Alitalia last month said it posted a 620-million-euro ($787.3-million-US) loss in the first six months of the year, including expenses for a rescue plan that splits the company's core flying business from its service units and cuts the workforce by some 17 per cent. In its report on Alitalia, Deloitte said the Italian Treasury, which owns 62 per cent of the company, will in the coming days pick an adviser for the carrier's privatization. The turnaround plan aims to bring the government's stake down to below 50 per cent. |
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| FLash | Irish budget airline Ryanair sees profits rise despite high fuel costs
Higher passenger numbers helped Irish budget airline Ryanair increase earnings by 14.9 per cent in the latest quarter despite rising fuel costs. But the carrier said Tuesday the outlook for the rest of the year was ``cautious'' because of the high price of oil, which it predicted would lead to a ``bloodbath'' for its competitors. Ryanair Holdings PLC said net profit for the three months to Sept. 30 was 147.6 million euros ($188.3 million US), up from 128.4 million euros in the same quarter last year. Earnings per ordinary share were 19.31 euro cents (24.63 cents), up from 16.76 euro cents. Revenue for the quarter was 418.3 million euros ($533.6 million), up 19 per cent from 351.218 million euros a year ago. Fuel costs rose 41.7 per cent in the second quarter to 61.9 million euros ($79 million), while passenger numbers rose 24 per cent to 14 million during the same period a year ago. |
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