Cost controls and contract wins have seen Avis Europe return a first half year profit. The leading European hire vehicle provider recorded its best first-half performance in the past five years, with further growth signalled for the emerging regions of the Middle East and Asia. The peak trading months of July and August saw good [...]

Motorists across the UAE have been reeling from a massive 11 per cent rise in the cost of petrol prices in recent weeks. The soaring fuel charges have been met with condemnation in the region, which relies heavily on car rentals given the already significant cost of purchasing a new car in the state. Hertz [...]

Mexicana de Aviacion, one of the largest airlines in Mexico, has filed for bankruptcy protection. The move is a result of the carrier’s inability to come to a cost-cutting resolution with unions. A number of flights have already been suspended this week. The airline has said that priority will be given to passengers who had [...]

The widespread European economic crisis has been hard felt in Iceland. A new report has revealed that the cost of a summer car rental for a period of one week can cost in the hundreds of thousands of Iceland kronur (ISK), with rental cars found in some locations for over ISK 100,000 – around $800 [...]

Less people are buying in favour of hiring cars in the Emirates, bucking the downward trend of the global travel industry. The British ‘staycation’ trend of 2009 has spread to the Middle East, where an increasing number of people are steering clear of buying new vehicles over job and financial security fears, leaving car rental [...]

The Dollar Thrifty Automotive Group has announced a new cash injection as it slowly rights itself from a bleak 2009. Dollar Thrifty has advised that it has raised $300 million in revenue from a three-year financing deal which involved the private placement of asset-backed securities from its rental car operations, giving the company a much [...]

The government has admitted that there is very little chance of airlines disrupted by the ash cloud which closed much of the airspace over Europe for nearly a week earlier in the year, receiving compensation. The Department for Transport stated that although the UK government has not completely ruled out giving support to operators and [...]

International Air Transport Association chief executive, Giovanni Bisignani, has launched a surprise attack on British Airways’ staff, as a walkout by trade union members enters its fifth day. Bisignani described the current labour dispute as unbelievable at a time when the entire airline industry is struggling to pull itself out of a crippling recession. The [...]

A recent investigation by the Sunday Mirror has revealed that renting a car during a holiday abroad can now cost more than an entire package deal. Due to the recession, over recent years rental companies have been cutting back fleets and putting up prices. Industry experts predict that prices will sky rocket again this summer [...]

The Greek tourist industry has suffered a decline in holiday bookings following protests in the capital, Athens. The demonstrations and strikes have been a reaction to austerity measures put in place by the government. According to the hoteliers’ association in Athens, there has been cancellations of 20,000 resort and hotel bookings so far. Travel agent [...]