Brisbane-based airline Jetgo enters into voluntary administration
Brisbane-based regional carrier Jetgo Australia has grounded its passenger services after entering into voluntary administration on Friday. The airline, with its fleet of five Embraer aircraft, flew regular passenger services to and from Brisbane and Melbourne"™s Essendon Airport to regional centres in the eastern states. It had also announced services between Brisbane and Karratha, in […]
Airline executives at IATA’s annual meeting brace for oil price turbulence
Airline executives are gathering in Sydney’s winter chill under the shadow of higher oil prices and a string of accidents after enjoying a near-spotless 2017 in terms of profits and safety. The annual meeting of the International Air Transport Association (IATA), with 130 CEOs and 1,000 delegates, will kick off on Sunday, and worries that […]
Passenger Demand Growth Slows in April
The International Air Transport Association (IATA) announced global passenger traffic data for April 2018 showing that demand (revenue passenger kilometers or RPKs) rose by 6.2% compared to April 2017, which was down from a 12-month high of 9.7% in March. Comparisons with the year ago period are impacted by developments a year ago "“ including […]
Europe’s airline margin ranking 2017: Ryanair and Wizz Air stay ahead
A hierarchy has formed among listed European airline groups and their subsidiaries, measured by their operating margins. The ranking for 2017 (or nearest financial year) is headed by Ryanair, consistently Europe’s highest margin airline company, with Wizz Air leading the chasing pack. These two LCCs, which both have a March year end, reported their annual […]
American Airlines could commence operations in Guyana from November
American Airlines has been working with the Guyana Civil Aviation Authority (GCAA) towards the commencement of operations here from November 15th, 2018, according to GCAA Director General Lt. Col. (Ret"™d) Egbert Field. On March 27th, American Airlines, in a media release, had announced its intentions to introduce four new destinations to South America and Mexico. […]
Plus Ultra Airlines vaults into Venezuela from Madrid
Plus Ultra Airlines launched flights between Madrid (MAD) and Caracas (CCS) on 22 May, a 7,001-kilometre sector that the carrier will operate twice-weekly (Tuesdays and Saturdays). This becomes the airline"™s second scheduled service from the Spanish capital, with it already operating flights to Lima. The new service to Venezuela will be flown using the airline"™s […]
Emirates airline to launch premium economy in 2020, says Clark
Emirates airline will launch its much anticipated premium economy offering in 2020 on the newly-ordered A380, according to its president, Sir Tim Clark. Premium economy is levelled at between economy class and business class and considered as a potentially lucrative product option for airlines facing tough macroeconomic conditions. Late last year, in an interview with […]
Dynamic Pricing – Which business analytics play a key role in optimizing revenue?
Pricing strategy is an airline"™s overall approach to maximize revenues. As well, it is a mechanism for bringing supply and demand into an equilibrium at a particular price and quantity while minimizing overbooking and unsold seat inventory. In the past, revenue management systems focused mainly on fare rules, physical (age, service categories, etc.) vs. non-physical […]
China to ease restrictions on long-haul routes
China"™s aviation regulator will ease its policy of having only one airline on a long-haul international route from 1 October, paving the way for greater competition in the segment. In a statement on its website, the Civil Aviation Administration of China says the current policy was implemented in 2009, but change is necessary as China"™s […]
Easyjet CEO: "˜We want to be the most data-driven airline in the world"™
EasyJet"™s new CEO believes that by maximising its data use and focusing on core areas including holidays, business customers and loyalty it will be able to see more growth. EasyJet CEO Johan Lundgren has promised that he will create "the most data-driven airline in the world" as the low-cost carrier looks to data to increase […]
