Infrastructure, Costs Key to Harness Power of Aviation in Latin America
The International Air Transport Association (IATA) called on the governments of Latin America and the Caribbean to focus on infrastructure, costs and the region"™s regulatory framework. By concentrating on these areas, the economic and social benefits of aviation can be maximized while accommodating the region"™s expanding demand for air connectivity. Aviation already plays an important […]
ALTA: Proposed Colombian travel tax will damage competitiveness
The Latin American & Caribbean Air Transport Association (ALTA) has spoken out against a national air passenger travel tax"”which would charge a COP8,000 ($2.86) fee for Colombian passengers and COP13,935 fee for international passenger"”proposed by Bogota, Colombia mayor Enrique Peñalosa, who said the tax is necessary for road infrastructure investment. In its April newsletter, ALTA […]
Huawei Announces Strategic Partnership with IATA
At the Passenger Terminal EXPO 2018 in Stockholm, Huawei today announced it has joined the Strategic Partnerships Program of the International Air Transport Association (IATA). Through this Program, Huawei will use its advanced ICT innovations and expertise to help develop airports and airlines of the future, enhancing the passenger experience and optimizing air cargo operations. […]
Mexico"™s Volaris Sticks with Its U.S. Focus Despite Recent Stumbles
Volaris, the Mexican ultra-low-cost airline that once thrilled investors with a model that focused on persuading passengers to switch from buses to planes, has no plans to change its core strategy, even though its stock has lost more than 60 percent of its value during the past two years. The market, "keeps on growing," CEO […]
Technology plays critical role in airlines"™ year of "˜all-time highs"™
"All-time best ever" was the catchphrase of the day in Airlines for America"™s 2017 Review & Spring 2018 Air Travel Forecast teleconference. A4A, the trade group representing most US major airlines, presented a litany of records from 2017: the lowest ever number of fatal accidents; best ever recorded performance for baggage handling (99.5%); the fewest […]
Heathrow Says Bigger is Better for Airport
Heathrow Airport has responded to Hounslow Council"™s submission to its consultations by insisting that bigger is better for the airport and dismissing concerns about noise, air quality and transport access. The Council has submitted its feedback to Heathrow Airport"™s two consultations regarding the proposal for a new Northwest Runway at Heathrow; the first on the […]
IATA January figures point to "˜solid, rather than spectacular"™ growth
Airfreight"™s dramatic upswing in 2017 makes the year a tough act to follow, and industry data reported by the International Air Transport Association (IATA) indicates 2018 is unlikely to outshine the volume growth of the past year. IATA reported a robust "“ but not remarkable "“ industry-wide freight tonne kilometer (FTK) growth rate of 8 […]
IATA and ACETA to Strengthen Spanish Air Navigation Strategy with ENAIRE
The International Air Transport Association (IATA) and ENAIRE, the Spanish air navigation services provider, together with ACETA, the Spanish Airline"™ Association, have agreed to further reinforce their cooperation for the development and implementation of ENAIRE´s Strategic Plan, "FlightPlan 2020". This will deliver benefits to the travelling public and the Spanish economy through reform and modernization […]
Brazil"™s GOL reports 2017 net profit down 66% on deferred taxes
GOL reported a BRL378.2 million ($114 million) net profit for 2017, a 65.7% drop from BRL1.1 billion in 2016 net income, as the company paid BRL547 million in deferred income taxes during the year. GOL"™s full-year revenue totaled BRL10.6 billion, up 7.2% year-over-year (YOY) driven by a 3.6% increase in passenger traffic and 4.8% higher […]
Grupo Aeroportuario del Pacifico Nets a Modest Rise in Domestic and International Traffic
Mexican and international airport operator Grupo Aeroportuario del Pacifico S.A.B. de C.V. (NYSE: PAC), or «GAP» as it refers to itself, managed double-digit increases in both terminal traffic and revenue during the final quarter of 2017, despite a recent easing in traffic trends. Let’s review the details of the quarter after a glance at the […]
