IATA forecasts a strong 2014 for the industry, but airlines on average only retain 5 dollars per passenger
The International Air Transport Association (IATA) has revised its 2013 global industry outlook downwards to 11.7 billion on revenues of 708 billion dollars, but anticipates that all regions during 2014 will see improved profitability, with divergence in performance and with strong emphasis in North America with 6.3 billion net profits.
Delays are plaguing work at airports in seven of the 12 Brazilian cities that will host the World Cup nine months from now, the daily O Globo reported Sunday. Citing a survey by Infraero, the federal airports agency, the paper said the worst delay was in the southern city of Porto Alegre, where work on expanding terminal at a cost of 69 million dollars has not even begun.
The 54 member federations of European governing body UEFA are unanimously in favor in principle of moving the 2022 World Cup in Qatar to a different time of the year, UEFA president Michel Platini confirmed on Friday.
There could be two Manchester Uniteds in European club competition next season after UEFA on Friday granted Gibraltar one place each in the Champions League and Europa League qualifying rounds.
With one lab suspended and its replacement unfinished, Brazil won't be able to handle drug testing for the 2014 World Cup alone and is looking overseas for help. The executive director of the country's anti-doping authority said the new lab in Rio de Janeiro should be running a year before the 2016 Olympics. But, Marco Aurelio Klein added, the lab won't be ready for the World Cup next June and July.
Europe’s 54 soccer nations are prepared to support moving the 2022 Qatar World Cup from the summer heat to playing in January. Allegedly European soccer leaders gave UEFA President Michel Platini a mandate for change on Wednesday.
Colombia’s government has refused registration as a trademark of the full name “Pablo Emilio Escobar Gaviria” the country most notorious narcotics criminal. According to local news in Bogotá the application was filed by Maria Isabel Santos Cabalerro, Juana Manuela Marroquín Santos and Juan Sebastian Marroquín Santos, Escobar’s widow and children respectively who changed their names after settling in Argentina in the late 1990.
Thomas Bach was elected president of the International Olympic Committee (IOC). The German became only the ninth president in the body's 119-year history after succeeding Belgium's Jacques Rogge who stepped down after 12 years at the helm.
The Spanish delegation arrived in Buenos Aires as favourites to host the 2020 Olympics in Madrid. They had top credentials: the future King (Prince Felipe) himself a sports enthusiast; the least demanding and irritating budget, (based on Brazil’s ongoing experience) and ample public opinion support in Spain despite the economic situation and record unemployment.
Tokyo was awarded the 2020 Olympics on Saturday, capitalizing on its reputation as a safe pair of hands and defying concerns about the Fukushima nuclear crisis. Tokyo defeated Istanbul 60-36 in the final round of secret voting Saturday by the International Olympic Committee. Madrid was eliminated earlier after an initial tie with Istanbul.