2020 Worst Year in History for Air Travel Demand
The International Air Transport Association (IATA) announced full-year global passenger traffic results for 2020 showing that demand (revenue passenger kilometers or RPKs) fell by 65.9% compared to the full year of 2019, by far the sharpest traffic decline in aviation history. Furthermore, forward bookings have been falling sharply since late December. International passenger demand in […]
Demand for air cargo grew 2% in September: IATA
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 2.0% in September 2018, compared to the same period the year before. This pace of growth was relatively unchanged from the previous month but was less than half the five-year average growth […]
Boeing Forecasts $15 Trillion Commercial Airplanes and Services Market
20-year outlook projects rising demand for 42,700+ new airplanes, valued at $6.3 trillion Services to outpace the world fleet; to grow 4.2% annually creating a $8.8T market Boeing [NYSE: BA] lifted its long-term forecast for commercial airplanes as rising passenger traffic and upcoming airplane retirements drive the need for 42,730 new jets – valued at […]
IATA expects slower growth with uptick in protectionism
In its second-quarter Cargo Chartbook, the International Air Transport Association (IATA) predicted a likely slowdown ahead for airfreight traffic, as traffic in freight tonne kilometers (FTKs) rose by a slower 4 percent, year-over-year, during the three months ended April. The positive air freight performance during 2017 was supported by overall strength in world trade demand […]
Turkish Airlines may increase number of flights to Bogota
Colombian authorities have requested Turkish Airlines (THY) to increase the number of direct flights between Istanbul and Bogota, according to THY America Sales Marketing Vice President Mustafa DoÄŸan. In response to the request, DoÄŸan said that THY was pleased with the demand in Istanbul-Bogota flight and will take a more active role in the region. […]
Air Freight Growth Recovers Slightly in April, Up 4.1%
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 4.1% in April 2018, compared to the same period the year before. This was up from the 1.8% growth in annual demand recorded in March 2018. Freight capacity, measured in available freight […]
Copa 1Q net profit up 35% on strong demand
Panama-based Copa Holdings reported a first-quarter 2018 net profit of $136.5 million, up 35.1% over net income of $101 million in the 2017 March quarter, as strong demand overcame rising fuel prices. "Copa Holding"™ first-quarter results reflect a healthy demand environment and great execution," Copa management said in a statement accompanying the quarterly financial figures. […]
Canadian airline profits projected to fall in 2018 on increased costs
Canada"™s airline profitability, which reached a 20-year high last year, is expected to soften due to higher fuel and labour costs, according to a Conference Board of Canada report. Airline pre-tax profits are forecast to drop 27 per cent to $1.32 billion as increasing costs outpace higher revenues that are forecast to approach $32 billion. […]
RDU working to add flights to Mexico City, Montego Bay and San Diego
San Diego, San Jose, Mexico City and Montreal are among the destinations that Raleigh-Durham International Airport hopes Triangle travelers will be able to reach with nonstop flights in the coming years. On Thursday, RDU’s vice president for community affairs, Kristie VanAuken, outlined the airport’s strategy for persuading airlines to offer new service. It involves making […]
Swissport sees cargo demand improve in 2017
Ground handler Swissport saw cargo demand increase in line with market growth last year. The handler registered an 8.4% year-on-year increase in cargo volumes to 4.7m tonnes in 2017. Revenues for the cargo segment in 2017 were up 9.2% to Sfr600m, while total company revenues improved by 6.4% to Sfr3.1bn. Eric Born, group president and […]
