Qantas Group Reports $1.25 Billion Underlying Profit Before Tax in First Half of FY24

Underlying Profit Before Tax: $1.25 billion (down 13 per cent) Statutory Profit After Tax: $869 million (down 13 per cent) Statutory earnings per share: 52 cents (down 4 per cent) Net debt: $4.0 billion Additional on-market share buy-back of up to $400 million announced. Fares falling as capacity continues to normalise; restart costs unwinding. Significant… Read the full press release

UN Tourism Focuses on Resilience Building in Jamaica

(IN SHORT) During an official visit to Jamaica, UN Tourism led by Secretary-General Zurab Pololikashvili emphasized the importance of building a resilient tourism sector. With international arrivals nearing pre-pandemic levels, the focus has shifted to protecting the industry from future shocks. The visit coincided with the second Global Tourism Resilience Day, marked by high-level meetings… Read the full press release

Shannon Airport Reports Record Growth in 2023, Eyes Further Expansion

“Ultimately, Shannon’s permanent inclusion in the Regional Airports Programme will deliver economic benefits for Ireland” says The Shannon Airport Group CEO Over €17m investment by The Shannon Airport Group across its Shannon Campus in 2023 (IN SHORT) Shannon Airport saw significant growth in 2023, welcoming over 1.95 million passengers, marking its best year since 2009…. Read the full press release

Minor Hotels Achieves Record Revenue in 2023, Projects Strong Growth Ahead

Full-year revenue tops THB 121.4 bn (approx. USD 3.4 bn) in 2023. Core net profit in 2023 increases 450% versus 2022. Europe, Thailand lead growth in group-wide ADR (+10%) and occupancy (+6%). Q423 core profit increases by 95% versus 2022 on like-for-like basis. Strong market conditions tipped to drive continued growth in 2024 (IN SHORT)… Read the full press release

FITUR 2024: UNWTO Highlights Tourism Investment, Sustainability, and Collaboration

(IN SHORT) The FITUR International Tourism Trade Fair, with Ecuador as the official partner country, is set to be a platform for tourism innovation and collaboration from January 23 to 26, 2024. The UNWTO will focus on fostering investment opportunities, strengthening international partnerships, and addressing sustainable development and climate action. Key highlights include investment forums,… Read the full press release

Emirates SkyCargo Concludes a Year of Growth and Investment, Poised for Further Expansion in Air Logistics

(IN SHORT) Emirates SkyCargo, the cargo division of Emirates, has completed a year of substantial growth and investment, underlining its confidence in the continued importance of air cargo in global trade. In 2023, the division witnessed a 7% increase in cargo uplift, outperforming the market. To support future growth, Emirates SkyCargo added two Boeing 747-400Fs… Read the full press release

Emirates Invests Over AED 186 Million in Fine Wines for In-Flight Experience

(IN SHORT) Emirates is enhancing its in-flight experience by introducing an array of exceptional wines onboard its global flights. The airline has invested more than AED 186 million into its wine and champagne offerings over the past year. Emirates boasts the most extensive wine cellar of any airline, housing around 6 million bottles of fine… Read the full press release

Daimler Buses UK Focuses on eMobility and Workforce Expansion in Coventry

London, UK, 2023-Oct-15 — /Travel PR News/ — Daimler Buses UK Ltd shapes its future in eMobility and the workforce which make it. With funding from parent company Daimler Truck AG, Daimler Buses UK Ltd is well underway investing its electromobility infrastructure at its Coventry-based premises as well as increasing the number of employment opportunities… Read the full press release

Federal Aviation Administration Grants Over $3.3 Million for Zero Emission Vehicles at San José Mineta International Airport

SANTA CLARA, CA, 2023-Oct-08 — /Travel PR News/ — Representatives Ro Khanna (CA-17), Zoe Lofgren (CA-18), Anna Eshoo (CA-16), and Jimmy Panetta (CA-19) announced that the Federal Aviation Administration will distribute $3,334,533 to the San José Mineta International Airport for zero emission vehicles under the Airport Improvement Program. The representatives were joined by San José… Read the full press release

Alaska Airlines Invests in AI Company Assaia to Enhance Turnaround Efficiency and Sustainability

The 5th largest US airline, known for its award-winning passenger experience and genuine caring service, is set to play an important role in the ongoing optimization of turnaround operations by collaborating on the development of Assaia’s AI-based technology. Seattle-Tacoma, 2023-Sep-29 — /Travel PR News/ — Alaska Star Ventures, the investment arm of Alaska Airlines, is announcing its… Read the full press release

Ethiopian Airlines Partners with AAICEC to Establish International Convention Center in Addis Ababa

Addis Ababa, Ethiopia, 2023-Aug-21 — /Travel PR News/ — Ethiopian Airlines Group, the fastest-growing global airline brand and the continent’s largest airline, and Addis-Africa International Convention and Exhibition Centre (AAICEC), signed equity investment agreement to establish an international convention center in Addis Ababa that will host multiple business events. The center being built and named AAICEC, will be one… Read the full press release

Aer Lingus Records Strong H1 2023 Performance, Focusing on Recovery and Future Investment

Dublin, Ireland, 2023-Jul-29 — /Travel PR News/ — Aer Lingus recorded an operating profit before exceptional items of €40 million for H1 2023, having delivered a very strong performance in Q2 2023. The positive H1 performance demonstrates an increased seasonality in the business with a Q1 operating loss of €81m being offset by a €121m… Read the full press release

Boeing Invests $950,000 in Scholarships to Foster Diversity and Talent for Future Pilots

Expanding and diversifying the talent pipeline for careers in commercial aviation $950,000 for flight training and education scholarships, including programs for underserved youth in Los Angeles ARLINGTON, Va., 2023-Jul-25 — /Travel PR News/ — Boeing [NYSE: BA] is investing $950,000 in scholarships for pilot training to grow and diversify talent required to meet significant long-term demand for… Read the full press release

Qantas unveils $100m plan to revolutionize lounge experience with new flagship lounge at Heathrow

Sydney, Australia, 2023-Feb-23 — /Travel PR News/ — Qantas will significantly enhance its network of lounges in Australia and overseas, elevating the pre-flight and transit travel experience for customers to a new level of luxury at key destinations. The $100-million investment features four brand new lounges, including a new flagship First Lounge at London’s Heathrow… Read the full press release

Emirates announces $135 million investment to build a new state-of-the-art pilot training facility in Dubai

An advanced facility with Full Flight Simulator Bays (FFS) for Emirates’ new Airbus A350 and Boeing 777X fleet When ready in 2024, new facility will have the potential to expand Emirates’ pilot training capacity by 54% annually Dubai, UAE, 2023-Feb-21 — /Travel PR News/ — Emirates will soon build an advanced training facility to accommodate… Read the full press release

Manchester Airport announces £440m investment to create thousands of jobs and boost economic growth in the North

New facilities will provide a great airport experience and attract new routes to the UK’s global gateway in the North Investment will unlock billions in economic value for the North, supporting thousands of new jobs over the next decade More than 500 jobs to be created in two-year construction phase Manchester, UK, 2023-Jan-28 — /Travel… Read the full press release

Bristol Airports announces £4 million investment to enhance its retail and catering facilities

London, UK, 2022-Dec-04 — /Travel PR News/ — This week marks the beginning of a period of development for Bristol Airports retail and catering facilities with close to £4 million being invested by the airport and the retail partners to enhance the facilities, including opening a Boots Health and Beauty retail store. This exciting period… Read the full press release

London City Airport announces £12m investment to upgrade its departures area

Investment of £12m along with SSP, Lagardère Travel Retail and WHSmith Upgrade will see 30% more seating, two new dining experiences and newly expanded duty free and retail space, along with new and expanded toilets Phased transition to maintain existing facilities during works, with the upgrade set for completion by Summer 2023 News comes as… Read the full press release

dnata to further enhance its environmental efficiency with US$ 100 million investment

Global air and travel services provider to reduce its carbon footprint by 50% by 2030 Dubai, UAE, 2022-Jun-08 — /Travel PR News/ — dnata, a leading global air and travel services provider, announced that it would invest US$ 100 million in green operations in the next two years to further enhance environmental efficiency across its… Read the full press release

Emirates partners with Jebel Ali Free Zone to support Dubai’s efforts in establishing itself as one of the world’s preferred investment destinations

Cooperation supports Dubai’s growing SME ecosystem by promoting attractive business environment DUBAI, UAE, 2022-May-13 — /Travel PR News/ — Emirates and Jebel Ali Free Zone (Jafza), have signed a Memorandum of Understanding to explore joint cooperation and initiatives targeted at attracting more investments into Dubai by supporting new and existing businesses registered or licensed in… Read the full press release

Emirates helps preserve Dubai’s desert environment through ongoing investment at the Dubai Desert Conservation Reserve

DUBAI, UAE, 2022-Mar-04 — /Travel PR News/ — For almost 20 years, Emirates has helped support a sustainable and balanced ecosystem at the Dubai Desert Conservation Reserve (DDCR) through an ongoing investment of over AED 28 million (USD $7.6million). The funding has helped to preserve Dubai’s unique desert environment that is teeming with indigenous flora and… Read the full press release

Leading hospitality group Accor and investment leader Amundi adopted the Fondation de la Mer’s Ocean Framework

London, UK, 2022-Feb-12 — /Travel PR News/ — Amundi, a responsible investment leader, and Accor, a world-leading hospitality group, today (FEBRUARY, 10TH, 2022) announce an increased commitment to ocean preservation through the adoption of the Ocean Framework[1], designed by Fondation de la Mer to help companies and investors assess the impact of business activities on… Read the full press release

Travel Oregon helps the tourism industry recover from the pandemic through multi-million-dollar investment

New Initiatives Support Tourism Infrastructure, Set Stage for Economic Recovery PORTLAND, Ore., 2021-Mar-30 — /Travel PR News/ — As Oregon gears up for economic recovery, tourism is expected to lead the way and Travel Oregon is actively laying the groundwork. The agency, which serves as the state tourism office, has established a multi-million-dollar suite of… Read the full press release

Stagecoach announces major investment to introduce further 46 new fully electric buses across Scotland

Funding made available through Scottish Government’s Ultra-Low Emission Bus Scheme 22 double-deckers and 24 single-decker electric buses for Aberdeen, Kilmarnock and Perth Major investment totalling £11m in Aberdeen, £6m in Kilmarnock and £4.4m in Perth Buses all built in Scotland by leading bus manufacturer ADL with Perth and Aberdeen infrastructure provided by SSE Boost for… Read the full press release

Heathrow submits investment plan to expand the airport and connect all of Britain to global growth in the 2020s

Heathrow submits detailed investment plan to expand the airport and connect all of Britain to global growth in the 2020s Plan will mean lower fares for passengers with new capacity and shows how expansion is sustainable, affordable, financeable and deliverable It meets all requirements of the Airports National Policy Statement, with overall costs in-line with… Read the full press release

SITA: Investment made by airlines and airports significantly improved both satisfaction levels for passengers and average processing time

Investment has resulted in significantly higher passenger satisfaction and shorter queues. Lisbon, Portugal, 2019-Nov-08 — /Travel PR News/ — Airlines and airports spent a record US$50 billion in 2018 on IT to support improvements to the passenger journey and are now beginning to enjoy the benefit of that investment. Figures published by SITA for the first… Read the full press release

AAAE Urges Congress to Update Tax Code and Airport Financing Model to Boost Infrastructure Investment

Alexandria, Va., 2019-May-09 — /Travel PR News/ — With airlines collecting nearly $5 billion in baggage fees in 2018 along with billions more in other ancillary charges – record highs – the American Association of Airport Executives (AAAE) called on Congress to update the U.S. tax code and the federal cap on local airport user… Read the full press release

Qatar Airways’ investment in Air Italy and operations to the United States are fully compliant with the U.S.-Qatar Open Skies Agreement

All agreed Open Skies conditions being met Airline cross-border investments never raised as a point of concern during negotiations DOHA, Qatar, 2019-Apr-15 — /Travel PR News/ — Following recent false accusations relating to Qatar Airways’ shareholding in Air Italy, such baseless statements and consistent inaccuracies need addressing as a matter of urgency. Qatar Airways holds… Read the full press release

ANA HOLDINGS announces investment in PAL Holdings

TOKYO and MANILA, 2019-Jan-29 — /Travel PR News/ — ANA HOLDINGS INC. (hereinafter “ANA HD”), parent of All Nippon Airways (ANA), Japan’s largest and 5-star airline for six consecutive years, will invest $95 million US dollars in PAL Holdings Inc. (hereinafter “PAL Holdings”) and acquire 9.5% of PAL Holding’s outstanding shares. PAL Holdings is the… Read the full press release

ACI World welcomes the Indian government’s move to pursue further private investment in airport development

Investment will help India address growing air services capacity crunch Mumbai, India, 2019-Jan-18 — /Travel PR News/ — Airports Council International (ACI) World today said the Indian government’s move to pursue further private investment in airport development will better enable the country to respond to the growing demand for air services. The key context for discussion… Read the full press release