AMR Corporation, parent company of American Airlines Inc., on April 20 reported a net loss of $436 million for the first quarter of 2011, compared to a net loss of $505 million in the first quarter 2010. The company said it improved year-over-year results in spite of sharply rising fuel prices that increased 24 percent compared to the first quarter 2010. Including the impact of fuel hedging, AMR paid on average $2.76 per gallon for jet fuel in the first quarter of this year versus $2.23 per gallon in the first quarter 2010.

Hotel magnate Gordon “Butch” Stewart is actively and aggressively pursuing the purchase of Veranda hotel, a five star fully-inclusive 123-room residence-style resort which is located right next to his sprawling Beaches Resort and Spa, in Providenciales, Turks and Caicos Islands.

Redjet, a new Barbados-based airline, won’t be able to launch U.S. service until Barbados is in compliance with standards set by the International Civil Aviation Organization. Earlier this week, the Federal Aviation Administration said that Barbados falls short of ICAO standards.

It is a bright breezy day in late March on Middle Caicos. The sun is dazzling as it sparkles on the sea, tempting you in for a swim. The tall stalks of the sisal plants with brilliant yellow flowerheads stand singly along the shoreline and the brown pelican zooms by. Fabulous!

Companies are consolidating their business travel in Latin America as corporate traffic to the region increases exponentially, according to Hogg Robinson Group (HRG), the world class corporate travel services company. In order to meet this growing demand, HRG has also appointed two new Partners in Bolivia and Panama. Business travel is growing in Latin America as its emerging economies thrive.

The Caribbean Community (CARICOM) and Italy have signed a Memorandum of Understanding (MOU) aimed at strengthening political, scientific and technical relationships and promoting development co-operation partnership between the two parties.