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 […]
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 […]
Boeing Sets Airplane Delivery Record, Finishes 2017 with Larger Order Book
Boeing (NYSE: BA) delivered more commercial airplanes than any manufacturer for the sixth consecutive year and set an industry record with 763 deliveries in 2017, driven by high output of the market-leading 737 and 787 jets. At the same time, the company grew its backlog with 912 net orders, reflecting healthy demand for its single-aisle […]
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 […]
