BOTM Ch. 7 - Finance and Accounting for Tourism

August 2008

2008-08-12T19:47:00.004+01:00

Air France-KLM profits down 60%.

Airlines could lose $6.1bn this year.

Disney reports 5% jump in revenue.

BA reports 88 per cent slump in profits.

July 2008

2008-08-04T21:58:00.003+01:00

Ryanair could lose up to €60m this year.

All Leisure Group's profits nosedive.

Accor posts 6% dip in sales.

Delta’s quarterly fuel bill jumps 50%.

June 2008

2008-06-04T21:14:00.007+01:00

Jet Airways posts a Q4 loss of 2.21 billion rupees.

Thomas Cook improves half-year pre-tax loss.

Soaring fuel costs dent Carnival profit.

Carnival steady despite 58% oil price rise.

Club Med upbeat despite first-half loss.

Turkish Airlines reports 260% profit increase.

Ryanair to break even in 2009 despite 20% profits rise.

Airline industry to lose $2.3B

May08

2008-05-19T21:04:00.012+01:00

BAA reports £24m T5 launch costs.

Bmi profits halved to £15.5m.

Flybe objects to ‘obscene’ Ferrovial profits.

Airlines mull valuing slots as assets.

BA reports record full year profits.

BA profits soar 45% despite rising fuel costs.

First-quarter profits indicative of difficult year for SIA.

Sol Melia hit by sliding sterling and dollar.

Euro Disney cuts first half loss by 47%.

First Choice merger boosts TUI's first quarter turnover.

Expedia reports record gross bookings.

Emirates reports record profit.

Apr08

2008-04-13T20:40:00.006+01:00

Record Q1 yields for RCCL.

Indian airlines expected to face $1bn loss.

Co-op cuts operating loss by a third.

Accor reports solid first quarter.

Silverjet fails to meet profitability target.

Mar08

2008-03-14T20:25:00.009Z

Airlines to lose more than $1 billion in 2008.

TUI Travel narrows loss.

TUI Travel halves Q1 losses.

Aer Lingus results 'better than expected'.

Strong growth and record net result at Kuoni.

Silverjet records strong February traffic.

TUI AG prelims reveal 47% earnings growth.

Accor full year net profit up 76%.

Feb08

2008-02-04T13:14:00.007Z

Lufthansa posts record 2007 results.

Record half year for Qantas.

IHG sees pre-tax profits drop.

Carlson Wagonlit Travel sales and new business rose to historic highs in 2007.

Smaller loss made in 2007, but 2008 may be turbulent: Alitalia.

Jan08

2008-01-08T22:07:00.001Z

RCCL reports record fourth quarter.

London hotels see double-digit profit growth.

Thomas Cook Group profit up 30%.

Accor Group raises 2007 operating profit forecast to EUR 900 million.

Center Parcs Europe expects 11% H1 growth.

Sydney Airport posts 9% increase in earnings.

Travelzest unveils record operating profit.

Norwegian Cruise Line reports US$25 million loss for second quarter.

UK hotel industry achieves growth of 6.9% in 2007.

Dec07

2007-12-03T19:31:00.001Z

UK hotels see November profits rise.

‘Economies of scale’ still to come for Carnival.

Club Med slips into the red.

Thomsonfly loses £27m in a year.

Thomas Cook UK falls short in strong year.

Czech Q3 revenues from tourism up 7.5%.

Airlines in the United States pinned by IATA as financially fragile in 2008.

Air France KLM Q2 profit jumps.

Record loads help SkyEurope slash loss.

Nov07

2007-11-19T19:53:00.000Z

Air Berlin disappointed despite record result.

Strike knocks €32m off Alitalia’s revenues.

Kuoni UK sees profits tumble.

Walt Disney Co shrugs off Hong Kong decline.

Euro Disney's FY attendance hits 14.5m.

TUI Travel sees Q3 earnings rise 13.5%.

Ryanair forecasts €470m FY profit.

RCCL UK hit full year target by June.

Ryanair sees half-year profits jump 24%.

BA lowers FY forecast despite record first half

Stagecoach FYs ahead of target.

Oct07

2007-10-23T22:42:00.000+01:00

€15m rugby World Cup boost for Accor.

EasyJet passengers up 14% in September but yields down in second half.

Aeroflot sees H1 profit drop but still £60m+.

Sep07

2007-09-20T21:43:00.000+01:00

Carlson Wagonlit Travel sales up 45% in first half.

Carnival summer profits up on stronger prices.

IATA revises airline profit forecast for 2007.

Aug07

2007-08-29T20:56:00.000+01:00

Kuoni UK margins continue to nosedive.

Virgin Blue staff to share in $7.1 million worth of profits.

Qantas hail record profits.

TUI Travel has finances in place.

easyJet on track for 40%-50% full-year profit growth.

Expedia's Europe revenue up but margin down.

BA lifts operating margin to 12%.

June delivers higher load factors and profits for Air NZ.

Jul07

2007-07-03T21:20:00.000+01:00

Royal Caribbean reports higher Q2 earnings.

Lufthansa to beat €1bn FY operating profit target.

Delay prompts big drop in Silverjet shares.

Solid half yearly revenue results for Accor.

TCG shares hold up despite bearish market.

Jun07

2007-06-09T16:15:00.000+01:00

Hogg Robinson Group reports 'transitional' year.

TCG decreases first half losses.

UK trading 'still challenging' - Thomas Cook Group (TCG).

Europe yields continue to buoy up Carnival.

First Choice winter losses rise.

Maxjet raises funds from a stockmarket flotation.

First Choice 'confident' despite widening winter losses.

Oneworld Alliance sees members’ profit grow by more than 10%.

Airline profitability improves says IATA.

Ryanair issues profits growth warning.

May07

2007-05-05T14:28:00.000+01:00

Alitalia loses £100m in three months.

Sol Melia profits decline.

Singapore Airlines sees 72% profit increase.

Thomsonfly helps offset TUI UK weakness.

United Co-operatives Travel Group satisfied despite flay turnover.

easyJet slashes H1 losses.

InterContinental continues its good performance.

Orient-Express Hotels see first quarter improvement.

Royal Caribbean profit falls 92 percent on acquisition, higher expenses.

bmi triples profit despite fog/security problems.

Air China’s stable growth sees RMB403 profit for 2007 Q1.

Apr07

2007-04-13T17:09:00.000+01:00

Lufthansa improves operating result in the first quarter by 111 million euros.

TUI UK to turn over one billion euros online.

Delta to exit bankruptcy.

Accor's growth continues.

Stenna doubles profit.

Q1 profits up for Eurostar.

Lufthansa predicts 07 to be the year it reaches EUR1 billion profit.

Carnival Q1 Profit up 13%.