Zamaneh Media
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Contact us
    • Legal
  • Advertise
No Result
View All Result
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Contact us
    • Legal
  • Advertise
No Result
View All Result
Zamaneh Media
No Result
View All Result

Fall of rial strains airline budgets

by Zamaneh Media
January 9, 2012
in Latest Articles
Reading Time: 1 min read
0
Fall of rial strains airline budgets

Kish Air has announced that Iranian airlines are faced with cost increases of 30 to 35 percent due to the rial’s falling value relative to foreign currencies.

The Mehr News Agency reports that Saeed Bahari, the head of Kish Air, said today that despite the rial’s fall against the dollar, airfares have not been increased.

He added that air safety could be at risk “because there is no coordination between expenses and the income of the airline companies.”

The rial has been in a steep fall against foreign currencies in recent weeks. Iranian airlines have called on the Central Bank to give them a fixed quota of foreign currency, but so far the bank has said no.

The airlines have also been grappling with the rise in fuel costs since last year, when the government cut subsidies for energy and food staples.

Bahari said, however, that once the second phase of subsidy restructuring is implemented, airlines will be allowed to increase fares in proportion to costs.

The Minister of Transportation has estimated that a 17-percent increase would allow airlines to continue offering adequate service.

Previous Post

Iran announces arrest of “election disruptors”

Next Post

American accused of spying sentenced to death in Iran

Related Posts

Kidnapping Iranian Children for Sex: The Role of Patriarchy and Religion
Latest Articles

Kidnapping Iranian Children for Sex: The Role of Patriarchy and Religion

June 23, 2022
A story from Qarchak prison: the gang that sells girls’ virginity for men’s sexual pleasure
Featured Items

A story from Qarchak prison: the gang that sells girls’ virginity for men’s sexual pleasure

June 21, 2022
Mazut Production in Iran: Human and Environmental Devastation for Nothing
Featured Items

Mazut Production in Iran: Human and Environmental Devastation for Nothing

June 18, 2022
Flag of
Featured Items

Khatam Al-Anbiya, Central Headquarters: A Representation of the IRGC’s Political Ambitions and Economic Pursuits

June 14, 2022
Iranian Civil Society Calls for Support of Detained Teachers and Trade Unionists during ILO Summit
Latest Articles

Iranian Civil Society Calls for Support of Detained Teachers and Trade Unionists during ILO Summit

June 8, 2022
The Iranian Workers Protest More Wage Suppression: Download Zamaneh’s Quarterly Labor Rights Report
Latest Articles

The Iranian Workers Protest More Wage Suppression: Download Zamaneh’s Quarterly Labor Rights Report

May 29, 2022

RSS Iran in Other Media

  • Iran purges security apparatus amid Israeli espionage fears - Arab News July 3, 2022
  • Why Inflation In Iran Is Hitting Even Harder - Worldcrunch July 3, 2022
  • U.S. wrestles with Russian, Iranian provocations in the Middle East - The Washington Post July 3, 2022
  • Iran Wins West Asia Squash Tournament - Tasnim News Agency July 3, 2022
  • Iran's yearly energy output increases by 6.4pct - MENAFN.COM July 3, 2022
  • Iran reveals COVID-19 data for July 3 - Trend News Agency July 3, 2022
  • A New Era For Iranian-Central Asian Relations? - Radio Free Europe / Radio Liberty July 3, 2022
  • Pasolini returns to Iran - La Prensa Latina July 3, 2022
  • Iran ready to raise output as market may face shortage in next few months - spglobal.com July 3, 2022
  • Technical Abilities of Iran Well Suited for Joint Projects with Syria: FM - Tasnim News Agency July 3, 2022
  • Lapid vows to 'act against' threats from Hamas, Hezbollah, Iran - Haaretz July 3, 2022
  • Iran's CB Foreign Assets Add to Monetary Base Expansion - Financial Tribune July 3, 2022
  • Central Bank of Iran Says $815m Given for Medicine Imports - Financial Tribune July 3, 2022
  • 'If a regime like Iran arrests you, just shout': Nazanin Zaghari-Ratcliffe on life after being released - Varsity Online July 3, 2022
  • Kissinger Warns About Dangers Of Restoring Iran’s Nuclear Deal - ایران اینترنشنال July 3, 2022
  • New Israeli PM Calls Iran 'Greatest Threat', After Fresh Strike In Syria - ایران اینترنشنال July 3, 2022
  • Iran Monitoring All Hostile Moves: Top General - Tasnim News Agency July 3, 2022
  • Large blast reported at Guard Corps base in Iran - Israel Hayom July 3, 2022
  • Headlines of Iran’s Persian dailies on July 3 - Mehr News Agency - English Version July 3, 2022
  • Propaganda, Narratives and Influence in Latin America: Iran, Hezbollah and Al-Tajammu - ICT - The International Institute for Counter-Terrorism (ICT) July 3, 2022
Zamaneh Media

© 2020 Zamaneh Media

More information

  • Sponsors
  • Donate
  • About us
  • Contact us
  • Legal

Follow Us

No Result
View All Result
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Contact us
    • Legal
  • Advertise

© 2020 Zamaneh Media