Boeing Board Raises Dividend 20 Percent, Establishes $18 Billion Share Repurchase Authorization
The Boeing (NYSE: BA) board of directors today declared the company’s quarterly dividend will increase 20 percent to $1.71 per share. The board also replaced the existing share repurchase program with a new $18 billion authorization. «Boeing’s strong and growing cash flow allows us to deepen our commitment to provide competitive returns to our shareholders, […]
Air cargo set for another solid year in 2018
Air cargo is expected to have another «solid» year in 2018, although growth is expected to slow and there are some potential challenges ahead. Speaking at the IATA Cargo Media Day in Geneva, the airline association"™s chief economist Brian Pearce said he expected e-commerce and inventory restocking to drive "good growth" in cargo revenues of […]
Uptick in Latin American cargo traffic
The Latin American and Caribbean Air Transport Association (ALTA) has reported that its member airlines flew 439.6m freight tonne-kilometres (FTKs) in October, up by 0.7% over the same month of 2016. At 130.9m FTKs, intra-Latin American cargo traffic was down by 2.2% year-on-year, but at 308.8m FTKs extra-Latin American freight traffic was up by 2% […]
October Passenger Demand Rebounds from Weather-Impacted September
The International Air Transport Association (IATA) announced global passenger traffic results for October showing that demand (measured in revenue passenger kilometers, or RPKs) rose 7.2% compared to the same month last year. Capacity grew 6.2% and load factor climbed 0.8 percentage points to 80.8%, which was a record for the month. October"™s performance was a […]
LATAM adjusts fleet commitments in line with demand
LATAM Airlines Group has grown its fleet commitments for 2018 and 2019, responding to an improving demand environment. The Santiago-based airline group now expects fleet commitments of $716 million in 2018 and $1.19 billion in 2019, up from $701 million and $1.14 billion previously. LATAM plans to add 14 aircraft and remove 10 in 2018, […]
Emirates welcomes 100th A380 to its fleet
Emirates today celebrates the milestone delivery of its 100th Airbus A380 aircraft at a special ceremony with Airbus at the manufacturer"™s delivery centre in Hamburg. His Highness Sheikh Ahmed bin Saeed Al-Maktoum, Emirate"™ Chairman and Chief Executive officiated the ceremony. He was joined at the event by Sir Tim Clark, President Emirates Airline; Tom Enders, […]
2036 Forecast Reveals Air Passengers Will Nearly Double to 7.8 Billion
The International Air Transport Association (IATA) expects 7.8 billion passengers to travel in 2036, a near doubling of the 4 billion air travelers expected to fly this year. The prediction is based on a 3.6% average Compound Annual Growth Rate (CAGR) noted in the release of the latest update to the association"™s 20-Year Air Passenger […]
African airlines record six per cent traffic growth in August "“ IATA
The International Air Transport Association (IATA), has reported 6.4 per cent growth in traffic for African airlines in August with the exiting of Nigeria and South Africa from recession in second quarter. IATA, in a statement by its Director General, Alexandre de Juniac, on Thursday, said that seasonally adjusted traffic had broadly tracked sideways so […]
Double Digit Demand Growth for Freight Continued in August
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), increased by 12.1% in August 2017, compared to the same period a year ago. This was the fifth time in six months of double-digit gains on the previous year"™s performance. Demand is growing […]
Boeing Sees Growing Demand for New Airplanes in Southeast Asia
Boeing [NYSE: BA] projects a demand for 4,210 new airplanes, valued at $650 billion, over the next 20 years in Southeast Asia. The company presented its Southeast Asia Current Market Outlook (CMO) today during a briefing at Boeing’s regional headquarters in Singapore. The annual report forecasts the region will continue its strong annual traffic growth […]
