Thai Airways faces more bad news with bigger losses in Q2

Flag of Thailand.svg

Thai Airways faces more bad news with bigger losses in Q2 | The Thaiger
Thai Airways’ problems appear to be compounding with a perfect storm of an ageing fleet, a plateauing of tourist intake and increased competition from newer, more nimble budget airlines.

The country’s national pride and joy had a poor Q2 this year, compounding years of declining profit results. The  second quarter loss more than doubled losses for the same quarter last year as the global economic slowdown took a toll on the airline’s revenue.

Thai Airways reported a net loss of 6.88 billion baht in Q2, 2019. In the same quarter last year the loss was 3.1 billion baht.

Aviation analysts say the legacy airline struggles to operate with ageing aircraft, declining tourist arrivals and a strong Thai currency. In the past 12 months the Thai baht has appreciated 8% against the US dollar, and appreciated against many other world currencies affecting decisions of tourists to travel to Thailand.

The Airline has been criticised for resisting changes to its business culture and upper management – long accused of cronyism, nepotism and inefficiencies.

New Transport Minister Saksayam Chidchob has already thrown his supported behind Thai Airways’ plan to buy new aircraft. Last week Thai Airways executives inspected the new Airbus A220 during its tour of south east asia – a smaller single-aisle new generation jet.

 

Source : thethaiger.com

Seven people injured in clashes between two families in Iraq’s Duhok

Flag of Iraq.svg

Erbil (IraqiNews.com) – Seven people were wounded Saturday in clashes between two families in Duhok governorate in Iraqi Kurdistan, a security source said.

Speaking to the Arabic-language Baghdad Today news website, the source said that two of the wounded are in critical condition, adding that the confrontation erupted over a plot of land.

Police forces were able to control the situation, added the source.

The Iraqi government and non-governmental organizations launched many initiatives over the past period to persuade rival tribesmen to sign petitions to stop their fighting, which claims the lives of several people daily.

Chieftains were also urged to intervene to put an end to tribal disputes in the country through forcing tribesmen to hand over their weapons to the Iraqi army.

 

Source : Iraqi News

King Salman arrives in Mina to oversee pilgrim services

Flag of Saudi Arabia.svg

King Salman arrives in Mina to oversee pilgrim services. SPA

MINA — The Custodian of the two holy mosques King Salman Bin Abdulaziz arrived in Mina, in the holy city of Makkah on Saturday, to supervise the services provided during the Haj pilgrimage.

As Custodian of the Two Holy Mosques, King Salman is there to oversee the comfort of the pilgrims and “ensure the services provided by the relevant government and private sector bodies meet the needs of the pilgrims and allow them to complete their Haj rituals with ease, tranquility and safety,” according to Saudi Press Agency.

Almost 2.5 million Muslims from all over the world are participating in Haj, one of the largest annual global gatherings.

On Saturday, pilgrims ascended Mount Arafat, the most important aspect of the Haj rituals.

Muslims on Sunday will observe the first day of Eid Al-Adha, or Feast of Sacrifice, which marks the end of the Haj.

King Salman was accompanied by several senior officials, including Interior Minister Prince Abdulaziz bin Saud bin Naif. SPA

Source : http://saudigazette.com.sa

Stations, roads packed as travelers leave for summer holidays

File:Flag of Japan.svg

Numerous ports of departure overflowed Saturday with people traveling for the summer holidays, as many shinkansen (bullet trains) reached over 100 percent occupancy for unreserved seating and highways saw traffic jams of more than 30 kilometers long.

According to railway operators, the rate for unreserved seating areas on the Tohoku shinkansen line from Tokyo to the northeastern city of Morioka reached 150 percent in the morning, while the shinkansen from Nagoya to Hakata saw an occupancy rate of 180 percent.

A section of the Sanyo Expressway in the western prefecture of Okayama was backed up for 40 km, while other areas on western, central and eastern Japan expressways saw traffic jams of over 20 km, according to the Japan Road Traffic Information Center.

On the Shin-Tomei Expressway in Shizuoka Prefecture, a truck rammed into a line of cars stuck in traffic at around 6 a.m., killing one and injuring six others, and causing the section of the expressway in Numazu to be closed for over four hours.

The holiday exodus also led to congestion at airports. Airlines said travelers’ departures on international flights would peak between Friday and Saturday, while those on domestic flights would continue through Monday.

The rush of people returning home by bullet train and on expressways is expected to peak on Thursday.

© KYODO

 

Source : Japan Today

%d blogueiros gostam disto: