U.S. airlines collected more than $1.7 billion in baggage fees during the first half of the year, the largest amount ever collected in that six-month period. .
U.S. airlines collected more than $1.7 billion in baggage fees during the first half of the year, the largest amount ever collected in that six-month period.
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Given the current markets, rising rates and stubborn inflation, the International Air Transport Association (IATA) has forecast that global airlines will make $9.8 billion in net profit in 2023, up from a December forecast of $4.7 billion. This is despite the fact that the global economy is expected to slow down this year.
Despite economic uncertainties, people are flying to reconnect, explore, and do business. Airports are busier, hotel occupancy is rising, local economies are reviving, and the airline industry has moved into profitability.
Stronger profitability was supported by cargo revenues, China’s reopening and lower jet fuel prices, IATA’s director general Willie Walsh said in a statement. There are a number of factors that are contributing to the expected increase in airline profits. First, the global air travel market is expected to grow by 5.5% in 2023, which would be the fastest pace of growth since 2019.
Today's Headline in NewsHours
0:00 Intro
3:20 Govt planning to shut down MTNL
3:50 #Oppo, OnePlus and Realme to become independent entities in India
4:15 Amid financial crunch, Byju’s launches AI models
4:50 #Nasscom releases guidelines for responsible AI
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Malaysia Airlines Flight Plane Crash MH370 Disappears - 239 Dead On Malaysia Airlines 2014 Malaysia Airlines Flight Plane Crash MH370 Disappears - 239 Dead On Malaysia Airlines Malaysia Airlines Flight Plane Crash MH370 Disappears - 239 Dead On Malaysia Airlines 2014 Plane Crash In Ocean
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Malaysia Airlines Flight Plane Crash MH370 Disappears/Lost contact - 239 Dead On Malaysia Airlines
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Yes...those are people falling out...
911 wasn't the only aviation disaster to happen in New York. The 1960 New York mid-air collision, also known as the Park Slope Plane Crash, was a mid-air collision between two airliners that occurred over New York City on Friday, 16 December 1960. The collision of United Airlines Flight 826 and Trans World Airlines Flight 266 caused Flight 266 to crash into Staten Island and Flight 826 to crash into Park Slope, Brooklyn, resulting in the deaths of all 128 people on board the two airliners and six people on the ground.
At 10:21 A.M. Eastern Time, the United plane advised its company radio operator that one of its VOR receivers had stopped working (although they did not notify air traffic controllers of the problem), making it harder to navigate in instrument conditions. At 10:25 A.M. Eastern Time, air traffic control issued a revised clearance for the flight to shorten its course to the Preston holding point (near South Amboy, New Jersey) by 12 miles (19 km). The United plane was supposed to circle the holding point at an altitude of 5,000 ft (1,500 m) at no more than 240 mph (210 kn; 390 km/h).
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It is reported that actor Akshay Kumar has slashed his fee by fifty percent when he got to know about the concentrated drink producer’s situation.
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