Ryanair profits hit by strikes and higher fuel costs
Strikes by air traffic controllers and Ryanair pilots and cabin crew have contributed to a slide in half-year profits over the summer. The airline reported a 7% fall in profits to €1.2bn (£1.06bn) for the six months to 30 September. Profits were also hit by higher fuel costs and what Michael O’Leary called «the worst […]
23 million passengers transported the airlines of Latin America and the Caribbean: ALTA
The Latin American and Caribbean Air Transport Association (ALTA) announced today that Latin America and Caribbean airlines carried 23 million passengers in August and up 6.6% (1,426,159 more passengers) from the previous year. Luis Felipe de Oliveira, Executive Director of ALTA, said: «Nearly 50% of the absolute growth in passenger traffic took place in the […]
NBAA: Pilot shortages and airspace improvements become focus following regulatory victory
Having recently secured one of its most-notable regulatory victories in decades, NBAA is turning fuller attention toward addressing longstanding, industrywide issues like US airspace modernisation and the easing of a pilot shortage. «Having the airlines… control of our air traffic system represented what we believe, and many others believe, was an existential threat to our […]
Argentina commercial air traffic halted by one-day general strike
A nationwide strike action will shut down much of Argentina’s air travel capabilities Sept. 25, as aviation-sector employees are expected to join the country’s public transportation and port workers in a full-day protest called by Argentina’s major labor unions. As of 6 p.m. EST Sept. 24, at least 440 flights have been preemptively canceled, with […]
The global commercial aircraft market, valued at just over US$191 billion in 2018
The global commercial aircraft market, valued at just over US$191 billion in 2018, is expected to grow at a CAGR of about 2.9% to be valued at around US$255 billion by 2028. The cumulative market for global expenditure on commercial aircraft is valued at US$2.3 trillion over the forecast period. Global expenditure on commercial aircraft […]
Air Traffic Control (ATC) strikes are destroying air traffic and economies across Europe
An alarming increase in Air Traffic Control (ATC) strikes across Europe has wreaked havoc on airlines, their passengers and business. 2018 is shaping up to be one of the worst years ever for ATC strikes in Europe. Year-to-date, A4E member airlines have been forced to cancel nearly 5,000 flights as a result of the strikes, […]
Airline stocks take off after domestic air traffic grows 20% in January
Stocks of aviation companies took off on Monday as investors reacted to strong growth in air traffic for January. Jet Airways, SpiceJet and InterGlobe Aviation (IndiGo) rose up to 5 percent on the back of this development. Domestic air traffic grew 20 per cent in January, with airlines ferrying more than 1.14 crore passengers, according […]
