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 […]
Asia-Pac carriers en route to higher profits, says Iata
The airline industry is already a ferociously competitive one but the battle for passengers and cargo will become even more intense this year. The upside for carriers is that profits are tipped to rise, but earning the extra bucks will require nimble pricing and slide-rule precise planning, particularly in the ultra-aggressive region of South-east Asia. […]
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, […]
Demand and capacity recovering nicely after hurricanes, says IATA November report
IATA has released its November Airlines Financial Monitor report, and has found increases in both demand and capacity across the industry. Year-on-year growth in industry-wide revenue passenger kilometres (RPKs) rose to a robust 7.2% in October, up from 6.0% the month before. As expected, passenger volumes recovered in October following Hurricanes Irma and Maria in […]
Boeing Board Raises Dividend 20 Percent, Establishes $18 Billion Share Repurchase Authorization
The Boeing (NYSE: BA) board of directors today declared the company’s quarterly dividend will increase 20 percent to $1.71 per share. The board also replaced the existing share repurchase program with a new $18 billion authorization. «Boeing’s strong and growing cash flow allows us to deepen our commitment to provide competitive returns to our shareholders, […]
Air cargo set for another solid year in 2018
Air cargo is expected to have another «solid» year in 2018, although growth is expected to slow and there are some potential challenges ahead. Speaking at the IATA Cargo Media Day in Geneva, the airline association"™s chief economist Brian Pearce said he expected e-commerce and inventory restocking to drive "good growth" in cargo revenues of […]
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% […]
October Passenger Demand Rebounds from Weather-Impacted September
The International Air Transport Association (IATA) announced global passenger traffic results for October showing that demand (measured in revenue passenger kilometers, or RPKs) rose 7.2% compared to the same month last year. Capacity grew 6.2% and load factor climbed 0.8 percentage points to 80.8%, which was a record for the month. October"™s performance was a […]
