Glass-bottom boats with thatched canopies ply shimmering lagoons. Tanned locals in pareus (sarongs) play ukuleles. Ridged velvet-green mountains punctuate the skyline. Palm trees reach higher than any roof. This is reality in the Cook Islands, a 15-isle archipelago marooned in the South Pacific. Go on a mountain safari on the main island of Rarotonga, or head to Aitutaki to stay in an overwater bungalow and motu-hop to deserted sugar beaches that beg to be Instagrammed.
Travel & Leisure is part of the Travel & Leisure Group. CopyRight 2019 Meredith Corporation. Travel & Leisure is a registered trademark of Meredith Corporation Travel & Leisure Group All Rights Reserved, registered in the United States and other countries. Travel & Leisure may receive compensation for some links to products and services on this website. Offers may be subject to change without notice. Privacy Policy | Terms of Service | Ad Choices | Your California Privacy Rights | EU Data Subject Requests
Despite Zlarin’s small size and relative obscurity, it is certainly an island with dazzling beauty. It is known locally as the ‘Golden Island,’ because it’s really that eye-wateringly gorgeous! This small island is just off the mainland, separated by the Sibenik Channel and is mostly famous for its history of coral harvesting; there is even a Coral Museum where you can learn more about it.

Increasingly since 1978, US airlines have been reincorporated and spun off by newly created and internally led management companies, and thus becoming nothing more than operating units and subsidiaries with limited financially decisive control. Among some of these holding companies and parent companies which are relatively well known, are the UAL Corporation, along with the AMR Corporation, among a long list of airline holding companies sometime recognized worldwide. Less recognized are the private equity firms which often seize managerial, financial, and board of directors control of distressed airline companies by temporarily investing large sums of capital in air carriers, to rescheme an airlines assets into a profitable organization or liquidating an air carrier of their profitable and worthwhile routes and business operations.


At the same time, Juan Trippe began a crusade to create an air network that would link America to the world, and he achieved this goal through his airline, Pan American World Airways, with a fleet of flying boats that linked Los Angeles to Shanghai and Boston to London. Pan Am and Northwest Airways (which began flights to Canada in the 1920s) were the only U.S. airlines to go international before the 1940s.
Airlines have substantial fixed and operating costs to establish and maintain air services: labor, fuel, airplanes, engines, spares and parts, IT services and networks, airport equipment, airport handling services, booking commissions, advertising, catering, training, aviation insurance and other costs. Thus all but a small percentage of the income from ticket sales is paid out to a wide variety of external providers or internal cost centers.
×