Arab Today, arab today mea reports annual profit decline of 44
Last Updated : GMT 08:39:35
Arab Today, arab today
Arab Today, arab today

MEA reports annual profit decline of 44%

Arab Today, arab today

Arab Today, arab today MEA reports annual profit decline of 44%

Beirut - Arabstoday

Middle East Airlines, Lebanon’s national carrier, reported a 44 percent drop in profit last year, the Daily Star reported, citing the airline\'s chairman Mohamad el-Hout. The Beirut-based carrier saw its profits decline to $40 million in 2011 from $90 million in 2010 due to a rise in the prices of fuel, and increase in the cost of employee salaries, and political instability in the region, the newspaper reported, citing Hout. \"These factors contributed to the fall in profits last year but we expect the picture to change this year if the price of oil becomes more stable,\'\' Hout told the daily. Hout said MEA saw an increase of as much as 20 percent in the number of passengers in the first four months of 2012. The carrier\'s plans to list 25 percent of its shares on the Beirut Stock Exchange, were skirted by regional turmoil. Hout told the daily he plans to visit Cyprus to discuss the possible acquisition of unprofitable Cypriot Airways. The government of the Mediterranean island said in February it would consider offers for a stake in Cyprus Airways. MEA, owned by the Central Bank, which rescued it from bankruptcy in 1996, has a fleet of 16 Airbus SAS planes and flies to more than 38 destinations.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today mea reports annual profit decline of 44 Arab Today, arab today mea reports annual profit decline of 44

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today mea reports annual profit decline of 44 Arab Today, arab today mea reports annual profit decline of 44

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday