Growth rates are not consistent in all regions, but countries with a de-regulated airline industry have more competition and greater pricing freedom. This results in lower fares and sometimes dramatic spurts in traffic growth. The U.S., Australia, Canada, Japan, Brazil, India and other markets exhibit this trend. The industry has been observed to be cyclical in its financial performance. Four or five years of poor earnings precede five or six years of improvement. But profitability even in the good years is generally low, in the range of 2–3% net profit after interest and tax. In times of profit, airlines lease new generations of airplanes and upgrade services in response to higher demand. Since 1980, the industry has not earned back the cost of capital during the best of times. Conversely, in bad times losses can be dramatically worse. Warren Buffett in 1999 said "the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero."
Increasingly since 1978, US airlines have been reincorporated and spun off by newly created and internally led management companies, and thus becoming nothing more than operating units and subsidiaries with limited financially decisive control. Among some of these holding companies and parent companies which are relatively well known, are the UAL Corporation, along with the AMR Corporation, among a long list of airline holding companies sometime recognized worldwide. Less recognized are the private equity firms which often seize managerial, financial, and board of directors control of distressed airline companies by temporarily investing large sums of capital in air carriers, to rescheme an airlines assets into a profitable organization or liquidating an air carrier of their profitable and worthwhile routes and business operations.
Should you tire of frolicking on the shore, three supersized kouros statues are hidden in the hills and there are dozens of drowsy villages to explore. Try kitron, the local citron liqueur, at the Vallindras distillery in Halki or sample homemade wine and arseniko cheese under the plane trees in Ano Potamia village. No wonder Herodotus described Naxos as 'the happiest of islands'.
My fiancee and I are heading to Greece in July. We’ve been to Naxos, Paros, Mykonos, and Santorini. This time we plan on being there July 1 to 23. We’re definitely including Milos, and one of Paros or Naxos. Any recommendations for other islands? Any particular ferry routes we should consider? Some “less touristy” islands are a must (for at least one island). We can be lively or very chilled. Thanks and best wishes!
I’m sorry if you covered this in another part of your site, (either I’m technically challenged or there just isn’t a search function for your site) but I’m curious about Corfu. From what I can tell, you mentioned it once in your site under your post about best beaches. The Paleokastritsa area is something that has caught my attention for a while and is on my list, and then I saw pictures of Nissakids Bay and that looked kind of amazing.
The so-called pearl of the French Caribbean, Guadeloupe is a butterfly-shaped archipelago of five main islands where volcanoes tower and 200-plus beaches come in shades from black and white to red and pink. Basse-Terre’s tropical forest and the bay of Grand-Cul-de-Sac Marin were declared a UNESCO Biosphere Reserve in 1993. From there, island-hop to discover Grande-Anse beach on Les Saintes; Marie-Galante’s rum estates (and old-fashioned oxcarts); and La Desirade’s 900-foot plateau.
Excellent choice of islands, though getting between them presents one or two challenges (they are not as conveniently connected like the Cycladic or Dodecanese islands so island hopping is not as popular in this island group). All three islands are served by airports with year-round connections to Athens and in the Summer with international charter flights from Europe. Let’s take the pros and cons of each island.
DELAG, Deutsche Luftschiffahrts-Aktiengesellschaft I was the world's first airline. It was founded on November 16, 1909, with government assistance, and operated airships manufactured by The Zeppelin Corporation. Its headquarters were in Frankfurt. The first fixed wing scheduled airline was started on January 1, 1914, from St. Petersburg, Florida, to Tampa, Florida. The four oldest non-dirigible airlines that still exist are Netherlands' KLM (1919), Colombia's Avianca (1919), Australia's Qantas (1921), and the Czech Republic's Czech Airlines (1923).
Hi Dave! One more question, do you know of any resorts with heated pools or private jacuzzis/pools in the room that are heated on islands other than Santorini and Mykonos? Looking for something above 26/27 degrees and can’t seem to find any! Elounda Beach resort said they could heat the private pool but it costs 45 EUR per degree! Hoping you know of another option that would allow us to swim comfortably in Early June. Thank you!!
The Island of Hawaii (i.e., the Big Island) contains 10 of the world’s 14 climate zones — the only spot on the planet with so many condensed into one small region. Lush tropical terrain rules the green, wet, windward side of the island (see Akaka Falls and Waianuenue/Rainbow Falls), while more arid beauty is on display at Hapuna Beach Park. You can even enter an ice climate at the mystical summit of Mauna Kea volcano, as well as Lake Waiau, one of the highest lakes in the United States.
These little coral islands are surrounded by excellent diving, snorkeling, and white sand beaches, and are filled with friendly locals. Private resorts litter the islands, and a vacation here is also very pricey. Luckily, Bangkok Airways offers cheap flights to and from Thailand. The best time to go to the Maldives is from November to May, when the weather is cool and dry. June through October sees wetter and hotter weather due to the monsoon season.
Described as the Philippines’ last frontier, Palawan boasts not one but two UNESCO World Heritage sites: Tubbataha Reefs Natural Park (don your dive gear), and the Puerto-Princesa Subterranean River National Park (climb in a canoe for a guided tour). Striking limestone formations like Ugong Rock and Karst Mountain Elephant Cave rise starkly from the rice fields of the interior. You can even find overwater bungalows on outlying islands, courtesy of El Nido Resorts.