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Iberia’s first flight to Dubrovnik surpasses 85% occupancy
Friday, June 06, 2008
Iberia’s first flight to Dubrovnik will depart tomorrow from Madrid airport’s Terminal 4 with a seat occupancy of more than 85%.

The Spanish airline will fly to Dubrovnik from June 7th to October 12th and will operate three return flights on Tuesday, Saturdays and Sundays in July, August and September. In June and October, it will offer two weekly flights, on Saturdays and Sundays, between Madrid and the “Pearl of the Adriatic”.

The aircraft to be used on the route are Airbus A320s, equipped with a Business Class section.

Iberia thus becomes the sole airline to connect Madrid and Dubrovnik. The company expects to carry more than 14,000 passengers on the route during the summer months and has scheduled these flights to facilitate connections to its other network destinations, especially in Spain and in the Americas.

Today, Iberia is Spain’s leading airline and also market leader on flights between Europe and Latin America. In 2007 it posted operating income of more than 5.52 billion euros and net earnings of 327.6 million, with an Ebitdar of 932 million. Iberia is also distinguished by its social, corporate, and environmental policies. Along with its franchise partner Iberia Regional, it operates some 1,000 flights every day to about 100 destinations. In 2007 Iberia carried 32.5 million passengers. It is a member of the oneworld airline alliance along with American Airlines, British Airways, Cathay Pacific, Finnair, JAL, LAN, Malev, Qantas and Royal Jordanian.

Vicky Karantzavelou - Friday, June 06, 2008
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How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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