Airline employment has dropped from last summer because of job cuts at American Airlines and regional carriers that use smaller planes.
The US Department of Transportation yesterday (Tuesday, Aug 27, 2013) said that airlines employed the equivalent of 381,441 workers in June, down 2.4 per cent from the same month last year. It’s the 10th straight month of decline compared with a year earlier.
With a reduction in the jobs numbers for 10 straight months, that is not a good sign.
Air Canada - Bright Future Ahead - Photo by Caribb
Air Canada reports booming profits while reinforcing its commitment to the Caribbean
Air Canada’s stocks took flight on Wednesday after reporting booming second-quarter profits; beating the expectations of various analysts.
Addressing the news, Air Canada President and CEO, Calvin Rovinescu, explained that this result was based on managing costs in addition to revenue growth. Matter of fact, these results came about even after the launch of rival WestJet Airlines’ new regional carrier, Encore, in June. Continue Reading
Fly Jamaica’s inaugural flight did not take place today as scheduled. Please offer a proper explanation… your future depends on it. The Gleaner reports; Jamaica’s newest carrier Fly Jamaica will not take to the skies on its inaugural flight today, … Continue reading
Boats waiting at the Panama Canal. Photo by zachstern
As Bloomberg reports, ‘The Panama Canal, handling 5 percent of world trade, may change how it calculates tolls for ships carrying energy cargoes to boost traffic once a US$5.25 billion expansion is complete in 2015.’ Continue Reading
Jamaica as a Logistics Hub. Big Business!
Project of National Importance
Jamaica’s Minister of Industry, Investment and Commerce, Anthony Hylton has said that the Government is fully behind this new project to position Jamaica as a logistics hub. In signalling its full support for the project the Government has elevated the status of this project to national priority, pointing out that the logistics hub initiative must be viewed as a flagship project, this according to a release from the Jamaica Information Service. Continue Reading
Plans to Operate as a Standard Airline
The Jamaica Observer reports;
NEW local airline company Fly Jamaica will make its first commercial flight on January 25 — from the Norman Manley International Airport in Kingston to JFK Airport in New York. Continue Reading
There may still be hope for the embattled airline REDjet as Barbadian Prime Minister, Freundel Stuart, indicated that he is prepared to meet with the airline’s executive to discuss its future. The Million Dollar MoneyMax Question is: Why did he take so long? Continue Reading
Even as one new Caribbean airline whines about its ability to stay afloat, we are getting word that “Passenger numbers in Latin America and the Caribbean are expected to almost triple from their 2010 figures in 18 years.
The number of visitors is expected to jump from 145.9 million in 2010 to 438.9 million in 2030, according to a recent reported entitled “Aviation: Benefits Beyond Borders.” Continue Reading