Pass the parachutes

Article Abstract:

The economic downturn in Asia is affecting regional airlines. Profitability decreased 25% in 1997, while sales rose only 0.6%. Returns from key Asian routes are dwindling, and currency devaluations will harm future financial returns. Many airlines are seeing declining load factors after making substantial investments in fleet acquisition. Airline stock values have declined sharply.

Economic aspects, Finance, Airlines, Asia

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Islands out of stream

Article Abstract:

This article focuses on Melanesian countries displeased with the inaccurate portrayal of their people and countries by the tourism industry. Evidence of their displeasure includes plans to break from the Tourism Council of South Pacific and to petition major airlines to provide increased local service.

Oceania, Travel industry, Melanesia

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