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 […]
Copa Holdings’ Margin Surges on Higher Passenger Demand
Copa Holdings (NYSE: CPA) — operator of Latin American airline Copa Airlines — recently reported third-quarter earnings that included strong year-over-year revenue growth and margin expansion. What was even more impressive was the fact that Copa put up those numbers in the face of hurricanes and an electrical failure at its primary hub in Panama […]
September Passenger Demand Shows Hurricane Hit, Slowing Growth
The International Air Transport Association (IATA) announced global passenger traffic results for September showing that demand (measured in revenue passenger kilometers, or RPKs) rose 5.7% compared to the same month in 2016. This was the slowest year-on-year increase since February. Hurricanes Irma and Maria weighed heavily on the results, although growth already had been tapering. […]
