BEIJING – China’s largest online travel agency, Ctrip.com, together with Ping An Insurance, has begun selling pollution travel insurance. Tourists who have booked packaged tours or backpack tours via Ctrip that last between three and seven days can buy pollution insurance on the company’s website.
GENEVA – The International Air Transport Association (IATA) says the airline industry remains on track to deliver a second consecutive year of improved profitability - despite a slight downward revision to its industry outlook for 2014 to an industry-wide profit of US$18.7 billion (previous forecast US$19.7 billion).
YANGON - Hongkong and Shanghai Hotels and Yoma Strategic Holdings have concluded an agreement to restore the former Myanmar Railway Company headquarters into The Peninsula Yangon, redeveloping and restoring the heritage building, which dates from the 1880s and is one of the oldest existing colonial buildings in Yangon.
TOKYO - Japan Airlines and S7 Airlines, both members of the oneworld alliance, have agreed to further expand their codeshare flights, adding 12 domestic destinations in Russia from March 19. The new codeshare routes between Moscow (Domodedovo) and domestic cities in Russia includes Saint Petersburg, the second largest city in Russia, and Sochi, host city of the 2014 Winter Olympic and Paralympic Games. www.jal.com (ATI).
SINGAPORE - The Singapore Airlines Group has reported an operating profit of $151 million in the third quarter of its 2013-14 financial year, $20 million higher (+15.3%) than a year ago. SIA said higher passenger numbers were offset by weaker yields (down 2.7%) in a competitive environment which included unfavourable exchange rate movements. Average jet fuel prices decreased 5.6% on-year. This was partially offset by higher staff and non-fuel variable costs which rose in line with the increase in capacity. www.singaporeair.com (ATI).