Media reports had suggested the trip would begin as soon as Sunday and last two days
The Kuala Lumpur-based Association of Asia Pacific Airlines said total revenue for its 17 members rose 10 percent from a year ago to hit $162 million. But it said in a statement this represented only a 3 percent profit margin and a poor return on invested capital.
The association said cargo revenues fell 1.4 percent to $22 billion last year. It said operating expenses rose at a faster rate of 15 percent to $155 billion, largely due to a 28 percent surge in fuel costs to $52 billion.
“Asia Pacific carriers continued to outperform the overall industry in 2011, with continued growth in passenger numbers, but profit margins were squeezed by high oil prices, as well as the impact of a weak air cargo market,” said association director general Andrew Herdman,
Herdman warned persistently high oil prices and slower economic growth in the major developed markets would continue to cloud prospects.
“So far this year, Asian airlines have continued to benefit from stronger economic growth within the region, seeing further growth in international passenger numbers, but air cargo markets remain weak,” he said, adding that airlines are responding with strict cost controls and route cuts to match demand.
Media reports had suggested the trip would begin as soon as Sunday and last two days
Visitors can enjoy movies with family favourites, including ‘The Jungle Book’, ‘Jumanji’ and ‘Zootopia’ to match the wild theme every evening from 8pm
Sheikh Mohamed conveyed his congratulations to all eight honourees, recognising their inspiring efforts and significant contributions in service to society
His father thanked everyone who participated in the search mission despite the challenges posed by flooding in various parts of the emirate
It will be humid by night and Sunday morning with a probability of mist formation over some coastal and internal areas
Nearly 6,000 volunteers linked to a single support group are working tirelessly across the country to help those affected
Real estate developer MAG pledges to cover all the costs of necessary repairs for affected residents
The substantial increase in charges left many residents financially burdened, as they strive to retrieve their stranded vehicles