- The company has recorded losses of more than $200 million after supporting ticket prices throughout the pandemic
RIYADH: Lebanon’s Middle East Airlines (MEA) will start selling tickets in dollars or the equivalent black market rate in Lebanese pounds to ensure the continuity of its business, said Chairman Mohamad El Hout.
The company has recorded losses of more than $200 million after supporting ticket prices throughout the pandemic, he told Asharq Business.
MEA no longer has the ability to subsidize ticket prices, he said.
“The company cannot ensure continuity, while it charges the ticket price according to the exchange rate of 3,900 Lebanese pounds to the dollar, while it pays its dues in dollars or according to the black market price of more than 12,000 pounds. Accordingly, the company has no other solution,” he said.
It comes as the carrier continues to struggle with persistently low passenger numbers while the already weak tourism sector is not expected to recover in the near term.
The airline boss said MEA would continue to charge $50 for PCR testing, adding that the government does not support tests that are conducted for passengers arriving at the airport.
Ohio man who hid camera in bathroom to record children sentenced to 20 years in prison
A federal judge sentenced a man to 20 years in prison for creating child pornography, including using a hidden camera in a bathroom to secretly record children. Timothy Wright, 50, of Dublin, Ohio, also will spend 10 years on supervised released once he completes his...
Powerball winning numbers for Monday, Dec. 12, 2022; jackpot $124 million
Winning numbers were selected in the Monday, Dec. 12, 2022, Powerball drawing, with the jackpot at an estimated $124 million. The winning numbers are 16-31-50-55-61 Powerball 9 Power Play 4. The Classic Lotto numbers are 1-3-4-16-17-47 Kicker 206288. The jackpot...
Northeast Ohio Monday weather forecast: Rain and snow showers possible
Chilly weather kicks off the work week in Northeast Ohio, with chances of both snow and rain showers on Monday. The National Weather Service says the best chances for snow showers are before 11 a.m., with temperatures in the mid-30s. It will be cloudy throughout the...
Submit your event
We will be happy to share your events. Please email us the details and pictures at publish@profilenewsohio.com
Address
P.O. Box: 311001 Independance, Ohio, 44131
Call Us
+1 (216) 269 3272
Email Us
Publish@profilenewsohio.com