Air Freight Demand up 9% in 2017, Strongest Growth Since 2010
The International Air Transport Association (IATA) released full-year 2017 data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs) grew by 9.0%. This was more than double the 3.6% annual growth recorded in 2016. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 3.0% in 2017. This was […]
Ecuador"™s aviation market has shrunk 27% since 2013, reaching a decade low last year; Condor and Spirit Airlines planning to shake things up
Ecuador, home to just under 16.39 million inhabitants, is South America"™s sixth largest aviation market with regards to seat capacity, offering 13.52 million seats in 2017, behind Peru in fifth (39.16 million seats last year) but ahead of Venezuela in seventh (11.08 million). The nation is served by nine airports which offered over 50,000 departing […]
November Peak Season Air Freight Demand Up 8.8%
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), climbed 8.8% in November 2017 compared to the year-earlier period. This was an increase from the 5.8% annual growth recorded in October 2017. Despite indicators pointing to air cargo having passed a cyclical […]
LATAM predicts surge in international, Brazilian, SSC capacity in 2018
Santiago-based LATAM Airlines Group plans to revive domestic capacity growth in its Spanish-speaking country (SSC) affiliates in 2018, projecting a 6%-8% rise in ASK growth for the sector following a [0%] halt in capacity growth during 2017. The company made its projections in preliminary guidance for 2018 released Jan. 5 The South American airline group"”which […]
U.S. airlines reduced Caribbean capacity by 10% in December
With portions of the Caribbean still struggling to recover from massive hits by hurricanes Irma and Maria in September, U.S.-based airlines flew nearly 10% fewer seats to the region in December than they had a year earlier. Still, the factors that airlines consider when deciding how much to pare down service to islands and other […]
Delta Air Lines places order for 100 A321neo ACF aircraft
Delta Air Lines today placed an order with Airbus for 100 of the manufacturer"™s modern A321neo ACF (Airbus Cabin Flex configuration) aircraft. The U.S.-based carrier selected the largest member of Airbu"™ single-aisle Family to meet Delta"™s future requirements for aircraft with greater efficiency and additional capacity. The airline"™s A321neo ACF planes will be powered by […]
Demand and capacity recovering nicely after hurricanes, says IATA November report
IATA has released its November Airlines Financial Monitor report, and has found increases in both demand and capacity across the industry. Year-on-year growth in industry-wide revenue passenger kilometres (RPKs) rose to a robust 7.2% in October, up from 6.0% the month before. As expected, passenger volumes recovered in October following Hurricanes Irma and Maria in […]
Air Freight Up 5.9% in October; Signals Strong Start to Q4
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 5.9% in October 2017 compared to the year-earlier period. This was a slowdown from the 9.2% annual growth recorded in September 2017 but still exceeded the average annual growth rate of 3.2% […]
NewGen ISS Approved by PAConf Will Modernize, Transform Agent-Airline Settlements
The International Air Transport Association (IATA) announced that the Passenger Agency Conference (PAConf), composed of IATA"™s member airlines, adopted Resolutions for the full implementation of the New Generation of IATA Settlement Systems (NewGen ISS) initiative. NewGen ISS represents the most extensive and ambitious modernization of the IATA Billing and Settlement Plan (BSP) since it was […]
Copa and Gol see different missions for Max 9 and 10
Copa Airlines and Gol see different missions for the Boeing 737 Max 9 and 10, suggesting the larger variant may not cannibalise orders for its smaller sibling as much as some have speculated. Panama City-based Copa, which is the only carrier in Latin America with orders for both the 737-9 and -10, sees the former […]
