Lapa was authorized to fly on the route Buenos Aires-St. Aserca, from Venezuela, will fly charters from Caracas to Santo Domingo. Lynx Air International, a U.S. airline, was approved to operate charter flights from Miami to Santiago and back. Also Orlando-Puerto Plata and vice versa. Air Europe was authorized to change its equipment and fly wide body A-310 jets.
Some warning signs are on the horizon.
The Conference Board's index of consumer confidence fell to 101.2 in May after the six-year high recorded in April. Fewer consumers expect their incomes to rise this year and there is more concern about job prospects. Nevertheless, confidence remains at a fairly high level and we believe that summer travel prospects are good among our main target audience segments. CTO also looks into prospects for Canadian travel to the region and says that it appears that the flow of visitors will continue to improve with low inflation, a growing trade surplus to further shrink the deficit and signs that the Canadian dollar is making a comeback in spite of a Central Bank push to reduce short term interest rates which are currently below the U.S. for only the fifth time in the last 20 years. The political situation also appears to have stabilized with the spectre of a Quebec secession deferred for at least several years.