Delta raises 2018 earnings guidance 20% due to tax law

Delta Air Lines on Thursday posted fourth-quarter earnings that beat Wall Street’s expectations, and it raised its 2018 guidance about 20 percent. Fueling Delta’s upbeat forecast was its ability to increase how much it generates from each seat it flies per mile, a key revenue metric. This rose 4 percent in the three months ended […]

New Zealand: International aviation organisation opposes proposed tourist tax

The international aviation industry has come out against a proposed tourist levy saying airlines should not be saddled with the extra costs involved in collecting it. International Aviation Transport Association (IATA) regional director Vinoop"‹ Goel"‹ argued that the revenue raised by Labour’s pre-election suggestion of a $25 per head charge on international visitors would be […]

Passengers at Dubai airports to pay excise tax

Dubai Duty Free (DDF) confirmed on Monday that both departing and arriving passengers at Dubai"™s airports will pay an excise tax on carbonated drinks and energy drinks in line with the UAE"™s implementation of the tax. Just like the rest of the country, passengers at Dubai"™s airports will pay a tax of 50 per cent […]

Lufthansa Cargo increases freighter services to India

Close on the heels of announcing fairly positive financial numbers for the first half of 2017, Lufthansa Cargo chief executive and chairman of the executive board Peter Gerber held a press conference in Mumbai to formally announce the launch of additional freighter services to Mumbai. Since July, the airline operates four instead of three freighter […]

IATA Welcomes Reduction in Austrian Air Travel Tax

The International Air Transport Association (IATA) welcomed the announcement that the Austrian Air Travel Tax will be halved from 1 January 2018. The Austrian Ministers Council confirmed that the decision was taken to increase the attractiveness of Austria as a business and tourism destination, to secure the future of Vienna airport as an international aviation […]

Governments Urged to Support Aviation"™s Ability to Drive Economic Growth

The International Air Transport Association (IATA) urged governments to support the vital role aviation plays in connecting people and commerce around the globe. «Our world has grown much wealthier through trade and travel. Air travel liberates people to live better lives and makes our world a better place,» said Alexandre de Juniac, IATA"™s Director General […]

Aeropuerto de Carrasco ofrece Tax Free con sistema de autoservicio

El Aeropuerto de Carrasco es el primero en América en implementar este sistema automatizado y digital, que se hizo posible con el trabajo conjunto de la empresa Global Blue, la Dirección Nacional de Aduanas y Puerta del Sur, concesionaria de los Aeropuertos de Carrasco y Punta del Este. El kiosco está ubicado en el sector […]

St Lucia to reduce tax

St. Lucia will reduce its Value Added Tax (VAT) rate on goods and services in retail shops, supermarkets and souvenir stores from 15% to 12.5%, prime minister Allen Chastanet said in an address to the nation. The reduction is planned to take effect Feb. 1. Chastanet said that the VAT reduction would pump more than […]