Fresh off the press!
Gentlemen, thought this might lift your spirits up a bit:
MEA has announced that it is estimating a $37 million profit for 2004 up from $22 million in 2003.
As a result, MEA has announced that it will launch two new destinations, Doha, Qatar as part of expanding the partnership with Qatar Airways and Sharm el Sheikh, Egypt which is an extremely popular destination for Lebanese. These two routes will be launched sometime at the end of October in time for the Muslim holiday, Eid el-Fitr.
MEA will also lease a 4th A330-200 boosting its fleet to 10 aircraft. The date of when it will be leased however was not mentioned, but it will be used to increase Paris (CDG) service from a daily A321 and daily A330 to two daily A330s. It will probably be leased sometime next year.
They predict that this year they will handle 1,150,000 passengers up from 974,000 passengers handled last year.
As a result of the massive increase in profit and higher passenger numbers, MEA will reduce ticket prices effective September 14. This will even further boost traffic numbers.
Keep the blue side up,
OD-AFA