British Airways posted its worst-ever first-half results, reporting a $360 million net loss in the six months ended Sept. 30. Last year, the airline reported a profit of $86.3 million for the first six months. Half-year revenue for 2009 fell by 13.7 percent, to about $6.8 billion.

British Airways posted its worst-ever first-half results, reporting a $360 million net loss in the six months ended Sept. 30. Last year, the airline reported a profit of $86.3 million for the first six months. Half-year revenue for 2009 fell by 13.7 percent, to about $6.8 billion.

Cruise tourism revenue in Cayman is growing, according to a report commissioned by an industry body, despite a decline in visitor numbers. The latest Florida-Caribbean Cruise Association report reveals that the cruise sector appears to be doing much better, with passengers spending more in the destinations they visit.

Bahamian-owned tour and excursion providers are increasingly being squeezed by the major cruise lines, industry sources revealed, as more are dropped from the ships’ itineraries.

TUI Travel PLC, one of Europe’s largest tourism companies, has acquired 8.4 million shares in Air Berlin and now owns 9.9 percent of the airline. Air Berlin is Germany’s second-biggest airline behind Lufthansa. TUI Travel already owns Germany’s third-biggest airline, TUIfly.

TUI Travel PLC, one of Europe’s largest tourism companies, has acquired 8.4 million shares in Air Berlin and now owns 9.9 percent of the airline. Air Berlin is Germany’s second-biggest airline behind Lufthansa. TUI Travel already owns Germany’s third-biggest airline, TUIfly.