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."
Airlines have substantial fixed and operating costs to establish and maintain air services: labor, fuel, airplanes, engines, spares and parts, IT services and networks, airport equipment, airport handling services, booking commissions, advertising, catering, training, aviation insurance and other costs. Thus all but a small percentage of the income from ticket sales is paid out to a wide variety of external providers or internal cost centers.
Christened the Garden Island, Kauai’s splendor extends from its vermillion Waimea Canyon, plunging down 3,600 feet, to its rugged Napali Cliffs, stretching up 4,000 feet. Often dotted with dozing monk seals, Kauai’s Poipu Beach has appeared on Dr. Beach’s esteemed list of America’s Best Beaches. Rivers, rainforests and waterfalls garnish the interior; don’t miss a photo op of Wailua Falls, famously featured in the opening credits of Fantasy Island, which aired from 1977 to 1984.
The almighty church has kept nightlife in check. If you must see and be seen, head to quietly glamorous Astivi or Stoa bar, on miniature Agia Lesvias square, in Hora. Beach life is generally languid and low-key; Psili Ammos and Livadi Geranou are our favourite hideouts. Dinner reservations are essential at Benetos, for Med-Asian fusion on an organic farm, and Lambi for grilled fish on a purple pebble beach.
Holding the largest number of overwater bungalow resorts in the world (more than 75 and counting), the Maldives understands its best asset is the gin-clear, abundant waters of the Indian Ocean. When you’re not snorkeling, diving, or gazing at the rich marine life through the floor windows of your water-top villa, continue enjoying the underwater display while dining at 5.8 Undersea Restaurant, or even while getting pampered in Huvafen Fushi’s submerged spa.
The island’s next hotspot may be The Shore Club, the only development on Providenciales’ Long Bay Beach with 106 ocean view suites and six luxury villas on a nine-acre stretch. On popular, pristine Grace Bay Beach, Grace Bay Club’s tropical-chic redesign led by interior designer Thom Filicia includes redesigned lobby and guest rooms, the new Infiniti Restaurant and Raw Bar and The Residences, a trio of freestanding, beachfront villas. To get off the radar, the eco-conscious Sailrock Resort debuts this year on untouched South Caicos Island — secluded beaches are the buzz.
Computers also allow airlines to predict, with some accuracy, how many passengers will actually fly after making a reservation to fly. This allows airlines to overbook their flights enough to fill the aircraft while accounting for "no-shows", but not enough (in most cases) to force paying passengers off the aircraft for lack of seats, stimulative pricing for low demand flights coupled with overbooking on high demand flights can help reduce this figure. This is especially crucial during tough economic times as airlines undertake massive cuts to ticket prices to retain demand.
To sum up: a lot depends on your own stamina because island hopping means packing and unpacking, getting on and off buses and ferries. Limit your choice of islands to perhaps one or two less than you think you can manage. Maximise transport links to avoid backtracking or port-transferring and since you are traveling high season be aware that you will usually need bookings ahead at most places. It is possible to turn up on an island and not find a place to stay or have to make do with a third-rate option.
Major airlines dominated their routes through aggressive pricing and additional capacity offerings, often swamping new start-ups. In the place of high barriers to entry imposed by regulation, the major airlines implemented an equally high barrier called loss leader pricing. In this strategy an already established and dominant airline stomps out its competition by lowering airfares on specific routes, below the cost of operating on it, choking out any chance a start-up airline may have. The industry side effect is an overall drop in revenue and service quality. Since deregulation in 1978 the average domestic ticket price has dropped by 40%. So has airline employee pay. By incurring massive losses, the airlines of the USA now rely upon a scourge of cyclical Chapter 11 bankruptcy proceedings to continue doing business. America West Airlines (which has since merged with US Airways) remained a significant survivor from this new entrant era, as dozens, even hundreds, have gone under.
Like Imperial Airways, Air France and KLM's early growth depended heavily on the needs to service links with far-flung colonial possessions (North Africa and Indochina for the French and the East Indies for the Dutch). France began an air mail service to Morocco in 1919 that was bought out in 1927, renamed Aéropostale, and injected with capital to become a major international carrier. In 1933, Aéropostale went bankrupt, was nationalized and merged into Air France.
Drop-dead gorgeous Fiji is a filmmaker’s dream. Spy its Mamanuca island chain in Cast Away and Survivor; ogle its Yasawa archipelago in the 1980 version of Blue Lagoon. A dizzying amount of natural beauty — from mountains and mangroves to rivers and reefs — swathes Fiji’s 333 islands, and awe-inspiring wildlife (whales, sea turtles, dolphins, parrots) is the icing on the cake. For scenery with a side of luxury and exclusivity, reserve a bure (villa) at one of Fiji’s numerous private-island resorts.
How can we do this? It's easy. Because of our position, we have been able to create partnerships with every major airline in the world, and we buy the largest volume of airfare on flights to, from and within Canada. This allows us to get the best fares and pass those savings on to you. If you happen to find a better price elsewhere, let us know and we'll beat it! But there's no need to spend hours checking for flights on lots of different websites. By booking with us you can save time by comparing all available deals in one place all while being assured that if the price of the flight drops after you book, we'll credit you the difference with our amazing and free Price Drop Protection program.
A limestone spike rising dramatically from the emerald waters of Phang Nga Bay, James Bond Island (Koh Tapu — Nail Island in Thai) earned its moniker from appearing in two 007 movies: The Man with the Golden Gun (1974) and Tomorrow Never Dies (1997). Excursions depart from the popular resort areas of Phuket, Khao Lak and Krabi on photogenic longtail boats. On the tour, explore secret lagoons, craggy sea caves and a floating village.
Following World War I, the United States found itself swamped with aviators. Many decided to take their war-surplus aircraft on barnstorming campaigns, performing aerobatic maneuvers to woo crowds. In 1918, the United States Postal Service won the financial backing of Congress to begin experimenting with air mail service, initially using Curtiss Jenny aircraft that had been procured by the United States Army Air Service. Private operators were the first to fly the mail but due to numerous accidents the US Army was tasked with mail delivery. During the Army's involvement they proved to be too unreliable and lost their air mail duties. By the mid-1920s, the Postal Service had developed its own air mail network, based on a transcontinental backbone between New York City and San Francisco. To supplement this service, they offered twelve contracts for spur routes to independent bidders. Some of the carriers that won these routes would, through time and mergers, evolve into Pan Am, Delta Air Lines, Braniff Airways, American Airlines, United Airlines (originally a division of Boeing), Trans World Airlines, Northwest Airlines, and Eastern Air Lines.
Hi, Dave! My husband and I will be going to Greece 8/26 – 9/4. We are flying into and out of Athens for cost efficiency. We really want to see Navagio Beach on Zakynthos for a day, and we realize this will likely be an overnight trip, or even 2 nights depending on the travel options. What is the best way to get from Athens to Zykanthos? What is the best way to get from Zakynthos to Santorini? Or is it best to just go from Zakynthos back to Athens and then to Santorini? We are trying to avoid additional flights but realize we may have to fly from Zakynthos to Santorini.
With the exception of Elounda - a pocket of bling popular with oligarchs - the north-east coast is scarred by over-development. Instead head south, where there are miles of empty sand dunes, sprinkled with simple yoga retreats such as Yoga Rocks at Triopetra and Yoga Plus at Agios Pavlos. Or take a back-to-nature break with Wild Fitness at Milia, a 17th-centruy hamlet powered entirely by solar energy. Time slows almost to a standstill in the mountain villages, where locals with formidable whiskers welcome you with shots of raki (Cretan grappa) for breakfast and celebrate saints' days with a volley of gunshots. Even the road signs are peppered with bullet holes.
Hi Dave! Your website is so detailed and helpful! I’m starting to plan a trip for late May-early June. We were interested in visiting Santorini, Naxos (we opted for Naxos instead of party-filled Mykonos) and Milos. Our main airport of arrival is Athens. What order should we visit all three islands (in terms of convenience of ferry/flight availability) and how many nights do you recommend allotting to each? Thanks in advance for your time!
Hi everyone.Went back home (seychelles)for 7 weeks,it was amazing!Just the island way of life(no stress),the weather,the families,creole food especially the fresh fish and of course the beautiful beaches with amazing sceneries.You need to get off the main road sometimes to see the secluded beaches,Some beaches can be seen while driving.My favourite is ANSE ROYALE where i grew up,ANSE PARNEL,PETITE ANSE,ANSE COPRA,ANSE TAKAMAKA,L’INTENDANCE,AND OF COURSE PORT LAUNAY.I also went on PRASLIN AND LA DIGUE ISLAND(WOW)it blew me away.I left seychelles at 17,missed so much,one thing for sure i will be back(hopefully for good one day)THANK YOU