Despite the massive security being offered to the travelers globally, the airline scams are on a rise. Here is a look into the most common scams by the airlines which leaves the passengers robbed of their time and money.
- Concourse rip offs:
- The desk clerks make the baggage appear overweight by not resetting the weighing machine after weighing previous baggage’s
- Selling articles to be made locally while they are nothing but cheap imports
- Poor money changing or foreign exchange rates
- Brochures and discount coupons hand over which could range from scratch cards and money savers
- Mementos and souvenirs at sky rocketing prices
- Car rental services charging a lot more than the normal rates
- Airport taxi scams
There are several airport taxi scams in almost every country. A meandering tour is offered to the intended destination by unofficial taxis that claim to have tied up with the airport. The longer the trip the more it costs. Many a times, the travelers are robbed of their belongings. Many taxi companies have a tie up with various hotels and they are paid commission for getting customers.
You may be paying inflated rates on your fare by:
- A driver claiming to have to pay airport fess
- Exaggerating the amount to be paid as bridge or road tolls
- Purposely not setting the meter at the beginning of a trip
- Parking Woes
The legal and official parking fees at the airport seems to cost a fortune for many. As an alternative, people look for cheaper alternatives which includes offsite parking. Many of these are legitimate and good. But many do claim to have a tie up with dominant names in the airlines industry and rob the travelers of their money claiming to offer secure parking areas.
Many parking sites require a customer to hand over the keys by signing a contract. The security of your vehicle entirely lies in the hands of the parking company which may just be another scam robbing you of your valuable possession. Parking companies don’t offer insurance and have clauses hidden in the contract. There isn’t any security being offered over your possession by unreliable parking companies. It is vital to read the documents carefully before relying on anybody. It is solely your responsibility to use your common sense.
- Airline Ticket Credit scam
A plenty of airlines make use of stolen credit cards to purchase the tickets faking to be passengers and cancel them before the scheduled take off to gain flight credit. After cancellation, the scamming airlines offer funds on various websites including the Gumtree and Craigslist. They claim to transfer the funds at discounted price claiming not to be able to take flights. Everything is showcased to be legitimate by revealing the confirmation number to the victims and fooling them. The purchasers are then asked to transfer money into an account that is almost untraceable. Services such as Western Union are made use of for wiring purposes. Then the victims are denied from accessing the tickets as they are told that the initial purchases of the tickets were made with a credit card that was stolen.
- Loyalty Scams
The expansion in loyalties being offered to frequent flyers has given rise to new vulnerabilities. The most common scam being the fraudsters gaining details of the customers and purchasing tickets based on the points accumulated. There have been many cases where an internal employee has been a reason for the scam. The tickets are then sold to third parties either directly or indirectly.
The financial performance for global airlines had improved in a significant way in 1Q15 on the net and operating levels and most of the airlines that are doing well are from North America airlines. Good performance is the result of cost-cutting measurements and reducing of the fuel prices. The improved dollars had led to the profitability for airlines in US while subduing the profitability for the airlines that are not in the US. This led to a gap in the performance of different companies in industry around the world.
The movement of an airline is impacted with different factors which are corporate profits, disposable income, jobs data and economic growth. The actual demand is being measured through the traffic of the airline. The supply is measured through the capacity of the airlines and the capacity utilization is measured by using the load factor. Other factors are airfares and fuel cost. The improvement in the global economic growth is expected to be the key demand driver for the airline industries. If you want to trade airlines stocks or any other stocks visit Is-Scam.com to choose the best broker.
When the economy improves, the corporate gets higher profits and this allows spending to other things which include travel expenses. This leads to a high level of the disposable income for the people and this allow spending on the vacation or other discretionary travel. However, while taking this into account, you should also be aware that airline industry in itself is a major contributor to the growth of the economy. The commercial airlines contribute to the jobs and to the revenue of the country.
It is one of the major economy activities that bring money to the country. An improved disposable economy in 2015 had led to more people who want to travel in airline and this leads to improvement stocks in the airlines. Corporate profits had also a significant improvement and it had reached maximum growth in the last decades. Improved corporate profits lead to improved economy and this leads to better activities in the airlines.
Both cargo and passenger traffic had reiterated the sentiments for the business confidence. The travel growth is over 5 percent up to now and after many years of stagnation, the cargo demand had grown in the year 2015. In May, 2015, the passenger traffic slowed down while cargo demand continued to be flat.
The investors in the airline stocks should keep their eye on the airline capacity and when the airlines embark on the unjustified expansion spree because of the economic climate, the same as the pre-recession action, this is going to come on the cost of the profitability and yields. The investors should also be aware of the trends in the airfare.
Despite the 40 percent fall of the crude oil prices which is the major cost for the airlines, the fares continued to be stable. It contradicts the tendency of the airlines to pass the cost to the customers. Many consumer organizations had begun to put the pressure on the airlines to reduce their fares. When the fare is reduced, it will lead to low profitability.
Today, due to globalization, the world has literally become a village. In that, in the morning you can be on one side of the globe and in the next few hours you are on the other side all courtesy of the modern era of travel. With the emergence of this new accessibility, the travel demand has been on the increase with most people hoping to visit places they’ve never been before or never imagined they existed. Most people have the expectation of experiencing something new when they travel and having memorable moments but the catch is always on the flight.
The busy terminals, poor service, continued delays, lost luggage and confusing airports are what demoralize passengers from visiting places. As much as there are airlines that strive to provide the best of services, some still lug behind and continue being the worst in respect to flight and airline services. Listed below are five of the worst airlines that provide poor services, carry out questionable business activities and have all the wrong reputations for delays.
Despite being among the largest airline carriers in America, US Airways has become infamous due to the reputation for poor quality standards of its customer service and lost luggage. According to a report by flightstats.com, US Airways on-time performance was approximately 75.34% for the 2015 first quarter. Moreover, the performance index dropped to 73.35% on-time in February. However, the airline seems to be improving gradually with the rate of claims on lost baggage consistently decreasing.
Similar to the US Airways, the United Airlines is one of America’s largest carriers. Also, it has nurtured a wrong reputation with the common complains being poor services offered to customers and some cases of customer abuse. This reputation had become so bad such that the transport authorities of the US fined the airline close to $1 million for the offence of leaving customers for hours on the tarmac end. During the 2015 first quarter, United Airlines recorded a 75.39% on-time performance, which dropped to 72.96% in February. According to a statistics by US Department of Transport, the number of claims on lost baggage per a thousand people in the United Airlines is slightly higher than in US Airways.
Ryan Air, which is a carrier based in Dublin, is not a budget airline but rather an ultra-budget airline. According to this carrier, “you get what you pay for” is the key phrase in their business endeavors. They have literary taken the phrase to a whole new dimension by offering cheap fares that are coupled with cheap products. Ryan air has seemingly built all its business activities on cutting corners such that it’s offers affordable fares. Unfortunately, that has been accompanied with a pretty atrocious customer experience. The seats neither have seatback pockets nor do they recline, therefore, a passenger is forced to sit upright throughout the flight. Historically, the number of washrooms available on board have been significantly reduced in order to provide more space for extra seats. To add more damage to injury, everything in this airline costs extra from a credit card usage to bringing in an allocated seat.
This is a North Korean based carrier that is state-owned. Historically, this airline is the first airline to feature in the 1 star position during the Skytrax system of rating airline. Apparently, the airline has earned the world’s attention and spot as the number one worst airline. It has the worst reputation in staff response, check-in service, language skills, transfer service, language skills and arrival assistance.
Frontier Airlines is a small carrier in America, however, it has grown infamous overnight due to the reputation for poor delays and cancellation handling. Also, the image of the airline has been dented because of its poor support service to customer and lack of efficiency in boarding service. Surprisingly, the issue of lost baggage isn’t that big. However, most people link that with the airline’s small size.read more
Profiting from trading in binary options is very easy. All that is required of you is to predict the direction of an asset price in the financial markets between a particular times. What is more? There are a lot of different assets you can trade on, giving you a wide range of choices. As an investor or trader, you will have to learn about the trends in the market properly to be able to benefit from trading in binary options.
Due to the fact that a lot of traders are constrained by time to study the market trends, a viable option is the trading signals for binary options. The signals would improve your binary options trading skills as it would help you to make informed choices on how a particular asset in the market will behave. If you want to make use of binary options signal, here are some tips to guide you.
- An established system that is recognized can be accessed through the services of signal providers for binary options. The established system has the potential of allowing a trader to benefit immensely from recording profitable and successful trades. In order to get the right signals provider however, you must ensure to take you time to evaluate and research the signal providers you are considering so that you are able to choose the best amongst them. The easiest way to know a signals provider you should avoid is if they offer you a 100 per cent or almost 100 per cent success rate. This is because such providers are biased and are most likely scam as no signal provider can guarantee you a success rate of over 90 per cent.
- A reliable signals provider for binary options will go out of their way to send you detailed information about what assets to trade through different instant means including email, online alerts, phone calls and SMS. This will save you a lot of stress and time from trying to analyze the trend of an asset from different, sometimes confusing, sources. There is however, a probability that you would not receive the information on time, which is a critical factor in binary options trading. The importance of timing in trading cannot be overemphasized. The whole system is regulated by time and just a second could be the difference between predicting correctly a wrongly.
- Binary options allow you to trade on four different assets type available in the financial market. These asset types include commodities, stocks, indices as well as foreign exchange. Organization of signal information is therefore very important. Your signals provider should be able to organize their updates into these different categories. This would help to save you crucial time in trying to organize them yourself before trading. Lack of organized updates from signal provider could therefore be the difference between a win and a loss.
- Many binary options signal provider offer some free services. Apart from their free services, they also offer paid services. If you really intend to benefit from them, it is advisable that you do not use their free services. This is because most providers are not as committed to their free subscribers as they are to their paid subscriber. The reliability of their free information is thus, much lesser than the reliability of their paid information.
- Binary option signal providers provide you with instant messages about the movement of assets in the financial market. You are therefore able to make quick decisions in advance. You are advised to only trade on assets which you understand properly. This would help to improve your profitability in binary options trading.
In conclusion, there is no sure way of becoming a consistent and successful binary options trader. There are however a lot of factors and tools that could aid in deciding how much profit you make. One of such tools is the binary options signal. Apart from improving your chances, they also save you a lot of stress, effort and time. You should however endeavor to do a lot of research in selecting a binary options signal provider.read more
To learn securities trading is one way to build wealth in a brokerage account or add some cash flow to your budget. If you have expertise in the area, trading a specific industry sector — airline stocks — can make sense or if you want to become an expert trader concerning that specific group of stocks. An investor can research and discover comparative values among the different companies because only a handful of United States airlines are publicly traded.
The stocks of 4 major United States airlines at the time of publication, 7 smaller airline stocks and about 6 international airlines trading on the United States exchanges as American depository receipts. You might want to continue with the larger companies with higher stock trading volumes for a plan of active trading. With a longer term trading strategy the smaller companies could be used. One more way to trade airline stocks is to use the 1 exchange-traded fund that completely holds airline stocks: the stock symbol of which is FAA – Guggenheim Airline ETF. It holds shares of twenty five different airline companies, including worldwide airlines that don’t trade in the U.S. Around seventy percent of the fund’s value consists of United States based airline stocks.
Build a Data Base
You must develop a data base of information on the stocks you want to trade in order to efficiently trade individual airline stocks. Basic data would include profit results and revenue going back numerous years and stock price charts for those years. Also, more in detail research would contain reading current quarterly earnings reports and listening to any recorded conference calls that are available on a company’s shareholder relations web pages. And you want to build up an understanding of what type of information causes a exact airline’s stock to go down or go up.
You must develop a trading strategy based on where you wait for share prices to go with your knowledge about the airline companies. There are plenty ways to join data from different companies into a strategy. For pairs trading some airline stocks may be good candidates: buying shares of the better companies and short-selling shares of the struggling companies. When quarterly earnings are announced a strategy can be developed around how share prices react. You should look for relationships where the airline stocks move in the same direction and other situations that cause shares to move in a different way.
Trading the ETF
In relation to the market forces that most have an effect on these companies, the Guggenheim Airline ETF permits a trader to buy and sell airline stocks as a group. One strategy could involve monitoring the relationship between the ETF and the price of oil. There may be a tradable cause and effect if higher energy prices are bad for the airlines and low oil prices help airline profits. Also, airlines are dependent on business and tourism results. When trends are positive for the airlines a strategy could engage watching numbers from these sectors and buying or trading the ETF shares.read more
By learning securities trading you can build wealth in a brokerage account or add some cash flow to your budget. By trading a particular industry sector (airline stocks) can make sense if you have knowledge in that area or if you want to become an expert trader regarding that specific group of stocks. An investor can research and discover relation values between the different companies, because only a handful of U.S. airlines are traded in public.
- Trading Choices
At the time of publication, the stocks of 4 major U.S. airlines, about 6 international airlines and 7 smaller airline stocks trading on the United States exchanges as ADRs – American depository receipts. You maybe want to go with the larger companies that have higher stock trading volumes for a plan of active trading. The smaller companies can be used with a longer term trading strategy. To use the 1 exchange-traded fund that completely holds airline stocks such as Guggenheim Airline ETF, the stock symbol of which is FAA – is another way to trade airline stocks. It holds shares of twenty five different airline companies, as well as international airlines that don’t trade in the U.S. Around seventy percent of the fund’s value consists of the United States based airline stocks.
- Build a Data Base
You must build up a data base of information on the stocks you want to trade in order to trade successfully individual airline stocks. Basic data would contain income and profit results going back a few years and stock price charts for those years. Also, more in detail research would include reading latest periodical earnings reports and listening to some recorded conference calls that are available on a company’s investor relations web pages. The thing is that you want to develop an understanding of what type of information causes a detailed airline’s stock to go down or go up.
- Develop Trading Strategies
You need to develop a trading strategy which is based on where you expect share prices will go with your knowledge about the airline companies. Also, there are many ways to unite data from different companies into a strategy. You should know that some airline stocks can be good candidates for pairs trading: for example, to buy shares of the better companies and short-selling shares of the struggling companies. As well, strategy can be developed around how share prices act in response when periodical earnings are announced. You should look for relationships where the airline stocks move in the same direction and other circumstances that cause shares to move in a different way.
- Trading the ETF
So, the Guggenheim Airline ETF permits a trader to trade airline stocks as a group concerning the market forces that most influence these companies. For example, one strategy can engage monitoring the relationship between the ETF and the price of oil. There could be a tradable cause and effect if higher energy prices are bad for the airlines and low oil prices help airline profits. Airlines are also dependent on tourism and business results. A strategy can involve watching numbers from these sectors and buying or trading the ETF shares when trends are positive for the airlines.
Implementing all of the strategies that we have discussed here should be based on your own observations and research.