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 […]
Mexico"™s Volaris Sticks with Its U.S. Focus Despite Recent Stumbles
Volaris, the Mexican ultra-low-cost airline that once thrilled investors with a model that focused on persuading passengers to switch from buses to planes, has no plans to change its core strategy, even though its stock has lost more than 60 percent of its value during the past two years. The market, "keeps on growing," CEO […]
Technology plays critical role in airlines"™ year of "˜all-time highs"™
"All-time best ever" was the catchphrase of the day in Airlines for America"™s 2017 Review & Spring 2018 Air Travel Forecast teleconference. A4A, the trade group representing most US major airlines, presented a litany of records from 2017: the lowest ever number of fatal accidents; best ever recorded performance for baggage handling (99.5%); the fewest […]
IATA January figures point to "˜solid, rather than spectacular"™ growth
Airfreight"™s dramatic upswing in 2017 makes the year a tough act to follow, and industry data reported by the International Air Transport Association (IATA) indicates 2018 is unlikely to outshine the volume growth of the past year. IATA reported a robust "“ but not remarkable "“ industry-wide freight tonne kilometer (FTK) growth rate of 8 […]
African carriers"™ post 15.6% growth in freight volumes-IATA
African carrier"™ posted the fastest growth in year-on-year freight volumes, up 15.6% in December 2017 and a capacity increase of 7.9% boosted by strong growth in Africa-Asia trade, latest data from the International Air Transport Association (IATA) shows. This contributed to an annual growth in freight demand of 24.8% in 2017 "“ the fastest growth […]
Airbus reinforces its market lead in Asia-Pacific region
Airbus further consolidated its market lead in Asia-Pacific in 2017, delivering 367 new aircraft to 50 operators across the region, either directly to airlines or via lessors. This accounted for over half of Airbu"™ total deliveries worldwide (718 aircraft) during the year, reflecting the importance of the region for the manufacturer. Deliveries to the region […]
Airlines see improving profits in Q4 2017: IATA survey
The International Air Transport Association (IATA) said Tuesday that 75 percent of airlines surveyed early in January indicated an improvement in year-on-year profitability in the fourth quarter of 2017 compared with the same period in 2016. In its latest business confidence survey of airline chief financial officers (CFOs) and heads of cargo, IATA found that […]
Embraer Says Boeing, Airbus Know Their Smallest Jets Are Too Big
Boeing Co. and Airbus SE are seeking to buy regional planemakers because their own entry-level jets are too big to be efficient, according to Embraer SA, which is in takeover talks with the U.S. manufacturer. The Boeing approach and Airbu"™s agreement to take a stake in Bombardier Inc."™s C Series model show they accept that […]
