first_imgOverall, Time Warner reported $2.65 billion in operating profit through the first half (up more than 30 percent) on $12.69 billion in revenue. The company also upgraded its outlook for 2010, projecting adjusted earnings per share of at least 20 percent. That’s up from its May 5 outlook for adjusted EPS of growth at least in the mid-teens. Consumer publishing giant Time Inc. reported an operating income of $203 million through the first six months of 2010, nearly three times the $70 million it pulled in during the same period last year, according to parent company Time Warner, which reported its first-half financial earnings Wednesday. Revenues at the publishing group remained flat at roughly $1.72 billion.During the second quarter, Time Inc. reported an operating income of $153 million, up 50 percent from $102 million during the same three-month period in 2009. Revenues remained steady compared to last year’s period at $919 million.Time Inc. attributed the profit gains to company-wide cost savings initiatives which resulted in lower pension expenses. It also cited higher domestic magazine revenues in print and digital. Advertising revenue during the second quarter grew 4 percent, subscription revenues stayed flat and other revenues dropped 23 percent. Meanwhile, the company says it increased its share of U.S. magazine advertising to 21 percent—a gain of 1.8 percent points from the same period last year.last_img read more


first_imgDubai International Airport continued to be the world’s busiest airport in 2016 with traffic of 83.6 million passengers, even though the number fell short of the estimated 85 million passengers, Dubai Airports authorities said on Tuesday.Also read: Demonetisation did not affect foreign tourist arrivals in DecemberAnnual traffic rose 7.2 percent in 2016 on account of new routes launched and an expansion of existing markets. India remained Dubai’s single largest destination country in 2016 with 11.4 million passengers, up 10.1 percent. Indian carriers such as Jet Airways, SpiceJet and Air India also started new services to Dubai, while Nepal Airlines and Russia’s Rossiya Airlines also started flights to the Gulf destination. The airport is expected to have 89 million passengers in 2017, 6.5 percent more over 2016’s. Paul Griffiths, the CEO of Dubai Airports, said that the figure would show Dubai is “closing the gap on Atlanta and Beijing for the top spot in overall traffic.” Dubai International Airport overtook London’s Heathrow as the world’s busiest airport for international traffic in 2014. The addition of 11 new passenger destinations by local carriers, including Emirates and flydubai, lifted passenger traffic through Dubai airport, the operator said. On January 22, Dubai Airports said that passengers travelling through Dubai International Airport (DXB) will be treated to live performances from CATS the Musical as part of its ongoing initiative #musicDXB. Selected cast members from Andrew Lloyd Webber’s globally-renowned musical – running at Dubai Opera from January 16 until January 28 – will perform two shows for #musicDXB on January 24, at 1 pm (B-Gates) and 2.15 pm (A-Gates) at the airport. Performers in the shows will include Joanna Ampil, a popular musical theatre actress from the Philippines. According to the data released by the Directorate General of Civil Aviation, India’s civil aviation regulator, last week, Air India, IndiGo, SpiceJet, Jet Airways, Go Air, AirAsia India and Vistara flew about 95.2 lakh (about 9.5 million) passengers during December last year, an increase of 23.10 percent over the corresponding month in the previous calendar year. In full-year 2016, domestic carriers flew about 998.88 lakh passengers between the January to December period, while 810.91 lakh passengers flew in the same time period in the previous year (2015).last_img read more


first_imgA cut-out of Kim Jong-Un is burnt during a protest in South KoreaNorth Korea has up to 5,000 tonnes of chemical weapons, South Korean experts said Friday, including the toxin used to assassinate its leader’s half-brother.Traces of VX — a nerve agent listed as a weapon of mass destruction by the United Nations — were detected on swabs from the face and eyes of Kim Jong-Nam, who was poisoned at a Kuala Lumpur airport last week, Malaysian police said Friday.Malaysian detectives are holding three people — women from Indonesia and Vietnam, and a North Korean man — but want to speak to seven others, four of whom are believed to have fled to Pyongyang.South Korea’s defence ministry said in its 2014 Defence White Paper that the North began producing chemical weapons in the 1980s and estimated that it has about 2,500 to 5,000 tonnes in stock.North Korea has chemical weapons production facilities in eight locations including the northeastern port of Chongjin and the northwestern city of Sinuiju, it said in the 2012 edition of the document.”North Korea is believed to have a large stockpile of VX, which can easily be manufactured at low cost,” defence analyst Lee Il-Woo at the private Korea Defence Network told AFP.Developed some 100 years ago, VX can be produced at small laboratories or facilities producing pesticides, he said.”Chemical and biological weapons can be delivered through various means such as artillery, missiles and planes”, he added.If absorbed through the skin, eyes or nose, just a tiny drop of the colourless, odourless nerve agent is enough to fatally damage a victim’s central nervous system.Military science professor Kim Jong-Ha at Hannam University said the North has 16 kinds of nerve agents including VX and sarin, used by a Japanese doomsday cult, Aum Shinrikyo, in the 1995 attack at the Tokyo subway system that killed 12 people.It also possesses other lethal chemicals, including suffocating, blistering and blood agents, Kim said, as well as 13 types of biological weapons such as anthrax and bubonic plague.North Korea has not signed a global chemical weapons convention that prohibits the production, stockpiling and use of chemical weapons.More than 160 countries signed the treaty, that went into force in 1997.last_img read more


first_imgTags: SIREV, Softvoyage Share MONTREAL – Softvoyage has announced several new enhancements to SIREV, ones that enhance efficiency and reward agents for their efforts.In light of the popularity of suppliers’ loyalty programs, SIREV agents can now key in their reward account’s personal identification code in the corresponding field of the SIREV booking form. Agents are then assured that their electronic reservation is counted towards their reward account’s balance, without the need to communicate with the supplier’s service desk.This functionality is supported for the following loyalty programs: Transat (BONBON), Air Canada Vacations (ACV & ME Rewards), and Sunwing Vacations (STAR points).In addition, seat selections for regular seats are now offered on SIREV for all flights and vacation packages booked with Air Canada and Air Canada Vacations. Plus, seat selections are commissionable to agents.After a booking is completed, seat selections can be performed from ‘TripBook’, either by the agent via the ‘Bookings ‘ tab, or by the customer directly if the agent chooses to send the ‘TripBook’ to them.More news:  Marriott Int’l announces 5 new all-inclusive resorts in D.R. & MexicoThe seat selection is added to the other features of ‘TripBook’, such as the ability to view the detailed information about the products booked, to retrieve the traveller’s electronic documents, and to make a payment.Last year, Softvoyage announced a number of investments to the ‘Cruises’ engine. SIREV agents will be pleased to learn that the following suppliers are now available: cruise packages (including air) from Air Canada Vacations, Encore Cruises, Sunwing Vacations and Transat; and FIT cruises from Carnival Cruise Lines, Cunard, Holland America Line, MSC Cruises, Norwegian Cruise Line, Princess Cruises, and Seabourn.All of SIREV key features are available for the ‘Cruises’ module. Cruise bookings are commissionable by the suppliers and count again an agency’s minimum SIREV bookings requirement. Posted by Friday, November 25, 2016 center_img Travelweek Group SIREV now allows agents to enter loyalty programs, select regular seats << Previous PostNext Post >>last_img read more