The Lufthansa Group’s revenue totaled 22.4 billion euros at the end of the financial year 2007 according to the preliminary figures. The operating result of 1.4 billion euros exceeded the profit target.

Star Cruises Group, parent of NCL Corp., recorded a net loss of $123.6 million in the fourth quarter 2007, compared to a net loss of $147.6 million in the same period in 2006. Net revenue for fourth quarter 2007 increased 17.7 percent from the same period a year earlier, primarily due to an 8.5 percent capacity increase and an 8.4 percent increase in net revenue yield.

The recent acquisition of the Carlson Leisure Group (CLG) by the Travel Acquisitions Group (TAG), dealt a body blow to prophets of doom for the travel agency industry. A second blow is this week’s appointment of Lehman Brothers veteran J.D. O’Hara, who will serve as TAG’s new senior vice president of corporate development.

The cost of business travel from the UK is likely to rise this year, a leading travel management company has warned. The prediction came from Hogg Robinson Group with the release of its 2007 Hotel Survey.

The cost of business travel from the UK is likely to rise this year, a leading travel management company has warned. The prediction came from Hogg Robinson Group with the release of its 2007 Hotel Survey.

International Air Transport Association’s (IATA) Cyriel Kronen-burg wants Caribbean governments to eliminate surcharges, implement independent economic regulations and adopt a regional approach to the aviation industry.