Global airline industry’s 2018 net profit expected to rise: IATA
The global airline industry’s net profit is expected to rise substantially in 2018 due to strong demand, efficiency and reduced interest payments, a global airline association said on Tuesday. According to a forecast by IATA, global industry’s net profit is likely to touch $38.4 billion in 2018 from the $34.5 billion expected net profit in […]
Airline Earnings to Jump 11% as Fares Rise and Cargo Rebounds
Global airline earnings this year will top previous forecasts and surge to a record in 2018, spurred by higher fares and burgeoning cargo demand, according to the industry"™s main trade group. Net income for 2017 is likely to total $34.5 billion, $3.1 billion higher than forecast in June, the International Air Transport Association said Tuesday […]
Lufthansa is now the only five-star airline in Europe
Today, as the first airline outside of Asia, Lufthansa received a five-star certification from the British aviation consulting specialist, Skytrax. This honor places Lufthansa in a select group of ten airlines that have been given this coveted rating. While the Skytrax jury has awarded five stars to Lufthansa"™s First Class for a number of years […]
Oneworld honoured as "˜best airline alliance"™ twice over – again
oneworld® has won two more Best Airline Alliance awards, confirming its standing as the world"™s most highly prized global airline alliance. These latest accolades come in independent surveys conducted by two leading USA-based magazines for regular flyers. oneworld was named Best Airline Alliance, for the eighth year running, by Global Traveler in its 2017 GT […]
Strong Airline Profitability Continues in 2018 Operating Margins Squeezed by Rising Costs
The International Air Transport Association (IATA) forecasts global industry net profit to rise to $38.4 billion in 2018, an improvement from the $34.5 billion expected net profit in 2017 (revised from a $31.4 billion forecast in June). Highlights of expected 2018 performance include: A slight decline in the operating margin to 8.1% (down from 8.3% […]
Quito Airport Achieved Category II in the Instrumental Landing System
On Thursday, November 30, 2017, the Director General of Civil Aviation of Ecuador, Luis Carrera Muriel, and Quiport"™s President and CEO Andrew O’Brian informed the public that Quito"™s Mariscal Sucre International Airport achieved Category II in its Instrumental Landing System (ILS), which permits operations in adverse weather conditions (severe fog). ILS is the support system […]
Southwest Takes Customer Service Seriously "” Airline Innovation Report
The Skift Airline Innovation Report is our weekly newsletter focused on the business of airline innovation. We will look closely at the technological, financial, and design trends at airlines and airports that are driving the next-gen aviation industry. We provide insights on need-to-know developments in passenger experience, ancillary services, revenue management, loyalty, technology, marketing, airport […]
Gol CFO talks roadshow after lengthy restructuring
Gol could print between $350m and $550m in fresh seven-year debt to fund a liability management exercise and increase the portfolio of its debt profile, the Brazilian airline’s CFO told LatinFinance on Monday. «We want to take advantage of market conditions, increase the profile of our debt portfolio and advance our deleveraging story that we […]
Best Airline and Hotel Innovators in 2017 From a Business Traveler"™s Perspective
Here"™s to some of the most innovative and thoughtful brands in travel today. These companies are doing the heavy lifting to make travel and hospitality more inspiring. Colin Nagy, head of strategy at Fred & Farid, a global advertising agency, writes an opinion column for Skift on hospitality, innovation, and business travel. Today, he cites […]
Quebec biofuel company partners with Qantas in first long-term airline deal
A Quebec biofuels company has signed its first deal to power an airline’s jets with energy grown from Canadian oilseeds. Agrisoma Biosciences Inc. of Gatineau will supply biofuel to Australia’s Qantas Airways made from Carinata seed, a non-food, industrial type of mustard seed that produces oil suitable for aviation and diesel fuel. The partnership is […]
