The Spanish Association of Charter Airlines said yesterday that their members' profits would be down this year because they had concentrated too much on the tourist trade and due to rising fuel costs. The association which consists of 25 airlines said that although revenue had increased, operating costs were higher. Some airlines have been forced to increase the price of their fares because of escalating fuel costs. Palma airport this summer has handled a record number of aircraft, many of which belong to this association but the airlines industry is not particularly buoyant at the moment. The association also fears that the recent mergers and take-overs of the major tour operators will result in less work for their members. Many Spanish airlines are employed by British and German tour companies.
Also in News
- Rafa´s wife is doing just fine, says sister
- Deal with Spain over British driving licences is "close", British ambassador gives update
- New Nomad visa could result in surge of foreign families moving to the island
- Yes, it does snow in Spain...even in September!
- Home sharing takes off in Mallorca as the cheap alternative to owning a property