Solid Profits Despite Rising Costs
The International Air Transport Association (IATA) announced its expectation for airlines to achieve a collective net profit of $33.8 billion (4.1% net margin) in 2018. This is a solid performance despite rising costs, primarily fuel and labor, but also the upturn in the interest rate cycle. These rising costs are the main driver behind the […]
Air France-KLM Shares Plunge after CEO Quits amid Ongoing Labor Battle
Air France-KLM shares plunged on Monday after its chief executive pledged to resign because he had failed to quell labor unrest, throwing the company"™s strategy into question. Its stock was down more than 13 percent, and by half since its recent peak in January, before employees at its Air France unit began a series of […]
American Airlines CEO warns that higher fares are coming due to fuel prices
The world"™s largest airline could have an uptick in prices. American Airlines CEO says consumers will likely pay more in ticket prices due to rising fuel costs eating into airline profits. Doug Parker, the CEO, said in a call with analysts and reporters that if fuel costs go any higher, so will airline fare. American […]
US airline stocks tumble after warnings of higher fuel costs
US airline stocks tumbled on Thursday after two carriers warned of higher fuel costs that could feed through to fare increases. Shares of American Airlines fell 6.3 per cent after the company lowered its 2018 profit forecast due to an expected $2.3bn rise in fuel costs this year. Chief executive Doug Parker warned that sharply […]
Aeromexico Reports 1Q18 Results
Grupo Aeromexico S.A.B. de C.V. («Aeromexico») (BMV: AEROMEX), today reported its unaudited consolidated results for the first quarter 2018 (1Q18). KEY FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER 2018 Grupo Aeromexico’s first quarter 2018 revenue reached $16.3 billion pesos, a 15.4% year-on-year increase. First quarter 2018 RASK increased by 0.2% year-on-year, despite a 7.8% appreciation in […]
New destinations come to DIA as airport lowers airline costs
More flights servicing new destinations are coming to Denver International Airport. The airport is celebrating its fourth new international destination in just three months. As Denver grows, so too does its airport. Experts say the Denver market is hot and airlines are taking notice. A dozen new nonstop destinations have been announced for DIA in […]
LATAM Airlines profit misses forecast as currencies raise costs
LATAM Airlines, Latin America’s largest airline, reported a slightly smaller profit than expected in the first quarter as local currency appreciation and inflation raised costs, the company reported on Monday. The airline, which was formed via a 2012 tie-up of Chile’s LAN and Brazil’s TAM, said net income was $66 million in the three months […]
