Biometric technology program gaining momentum
This year will see significant steps taken in implementing One ID technology, IATA has said. IATA"™s latest Global Passenger Survey revealed that 64% of passengers would like to use a single biometric travel token for all travel transactions. "One ID will make this a reality," says Nick Careen, Senior Vice President, Airport, Passenger, Cargo and […]
Delta raises 2018 earnings guidance 20% due to tax law
Delta Air Lines on Thursday posted fourth-quarter earnings that beat Wall Street’s expectations, and it raised its 2018 guidance about 20 percent. Fueling Delta’s upbeat forecast was its ability to increase how much it generates from each seat it flies per mile, a key revenue metric. This rose 4 percent in the three months ended […]
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 […]
GOL to convert common shares into preferred shares
GOL Linhas Aéreas Inteligentes S.A., (NYSE: GOL and B3: GOLL4), Brazil´s #1 airline, in compliance with article 12, paragraph 6, of the ruling No. 358, issued by Comissão de Valores Mobiliários (Brazilian Securities and Exchange Comission Rule) dated as of January 3, 2002, as amended, informs its shareholders and the market in general that it […]
Brazil airline Azul to set up cargo company with postal service
Brazil’s third-biggest airline, Azul Linhas Aéreas, signed an agreement on Wednesday to create a private integrated logistics company to transport cargo in a joint venture with the state-owned Brazilian postal service Correios. Azul said in a securities filing that it will have a controlling 50.01 percent ownership stake. The new company is expected to start […]
IATA Cargo Chartbook – Q4 2017
We are pleased to send you herewith the latest quarterly Cargo Market Analysis. Key points: Air freight tonne kilometres (FTKs) grew by a strong 8.8% year-on-year in the three months ended October, with industry reports indicating that demand has been strong in the key final months of the year too. Stronger economic and trade conditions, […]
Uptick in Latin American cargo traffic
The Latin American and Caribbean Air Transport Association (ALTA) has reported that its member airlines flew 439.6m freight tonne-kilometres (FTKs) in October, up by 0.7% over the same month of 2016. At 130.9m FTKs, intra-Latin American cargo traffic was down by 2.2% year-on-year, but at 308.8m FTKs extra-Latin American freight traffic was up by 2% […]
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 […]
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% […]
MIA ranked the most transit-accessible airport in the U.S.
Miami International Airport has been ranked the most transit-accessible airport in America, according to a study released yesterday by transportation technology firm TransitScreen. MIA received a TransitScreen MobilityScore of 66 (on a scale of one to 100). The study analyzed the 20 busiest U.S. airports in passenger traffic and their access to buses, trains and […]
