Airfares could rise globally on rising oil prices, says American Airlines CEO, Doug Parker
Businessam Staff
June 4, 2018
American Airlines issued a price warning to passengers at the weekend saying they may eventually face higher ticket prices if oil prices remain high. Oil prices have risen around 50 percent compared to the levels seen last year and that is putting pressure on airline profits. This has also prompted carriers to remove seats from […]
Airline profits this year unlikely at December forecast level, says IATA chief
Businessam StaffMay 31, 2018
Profits in the airline industry are unlikely to reach the record levels forecast in December due to a jump in fuel costs, the head of the world’s leading air transport group said on Thursday. Alexandre de Juniac, International Air Transport Association (IATA) chief executive said his organization will issue fresh forecasts next week, and that […]
Rising oil prices to bring about shakeout in airline industry, Ryanair CEO says
Businessam StaffMay 21, 2018
The rising price of oil is likely to bring about the demise of numerous low cost airlines with tight profit margins, Michael O’Leary, the chief executive of Irish budget airline Ryanair, said. Speaking to Bloomberg TV after his airline issued a profit warning for the first time in five years, O’Leary warned that a significant […]
Travelling the world: Just how do you get the money?
Businessam StaffMay 13, 2018
Where it began I’d always loved to travel, but it was a backpacking trip around Morocco in my late teens, long before the budget airlines started flying there, that really sealed the deal. Hopping onto scenic trains traversing dry, dusty, unknown lands and haggling for colourful spices in frenetic cities, felt so exciting, I knew […]
Sheraton Lagos marks hamburger day May 28
Businessam StaffMay 9, 2018
The food and beverage teams of Sheraton Lagos Hotel are participating in this year’s global food festivity with a hamburger day May 28, according to a statement from the hotel “With the hotel’s proven success and exceptional reputation in culinary expertise, Sheraton Lagos Hotel looks forward to celebrating one of the world’s favourite sandwiches with […]
Nigeria’s airports manager, FAAN, keys into ease of doing business with elimination of cash transactions
Businessam StaffMay 8, 2018
The Federal Airport Authority of Nigeria (FAAN) has announced that it is set to commence a cashless payment system across all airports nationwide. It said the move is being made in order to facilitate easy payment, create wider and more flexible payment options as well as improve speed and convenience of payment. The move falls […]
Kuala Lumpur-Singapore named busiest international air route
Businessam StaffMay 4, 2018
A flight linking Singapore and the Malaysian capital Kuala Lumpur has become the busiest international route in the world, research shows. Planes made 30,537 trips between the two airports in the year to February 2018, OAG Aviation said. The route overtook Hong Kong-Taipei in a list dominated by Asian destinations. Flying between Singapore and Kuala […]
RwandAir expands business in Nigeria, flies Abuja-Kigali route
Businessam StaffApril 28, 2018
RwandAir on Friday inaugurated its maiden flight to the Nnamdi Azikiwe International Airport, Abuja with 30 passengers on board Boeing 737-700 aircraft from Kigali, Rwanda’s capital. Ibiyemi Odusi, the airline’s Country Manager, Nigeria, said in a statement that the commencement of Abuja-Kigali route was part of the airline’s determination to expand its business to the […]
La Giara, Sheraton Lagos Hotel’s Italian restaurant, reopens May, following renovation
Businessam StaffApril 24, 2018
La Giara, the Italian restaurant of Ikeja based Sheraton Lagos Hotel, is reopening on May 17, 2018, and that’s official. Located on the boisterous Mobolaji Bank Anthony Way in the heart of the Ikeja bubbling area, the hotel management said the reopening is following a renovation programme that has elevated the quality, feel and offering […]
South African Airways maintains 4-star ranking in business, economy classes
Businessam StaffApril 23, 2018
South African Airways (SAA) has maintained a 4-Star Skytrax ranking in both business and economy classes for a 16th consecutive year. Skytrax, an independent global airline-rating organisation, awarded the 4-Star rating placing the airline amongst other international and partner airlines. “The South African Airways product and service standards continue to perform at a standard that […]