LATAM adjusts fleet commitments in line with demand
LATAM Airlines Group has grown its fleet commitments for 2018 and 2019, responding to an improving demand environment. The Santiago-based airline group now expects fleet commitments of $716 million in 2018 and $1.19 billion in 2019, up from $701 million and $1.14 billion previously. LATAM plans to add 14 aircraft and remove 10 in 2018, […]
Emirates welcomes 100th A380 to its fleet
Emirates today celebrates the milestone delivery of its 100th Airbus A380 aircraft at a special ceremony with Airbus at the manufacturer"™s delivery centre in Hamburg. His Highness Sheikh Ahmed bin Saeed Al-Maktoum, Emirate"™ Chairman and Chief Executive officiated the ceremony. He was joined at the event by Sir Tim Clark, President Emirates Airline; Tom Enders, […]
2036 Forecast Reveals Air Passengers Will Nearly Double to 7.8 Billion
The International Air Transport Association (IATA) expects 7.8 billion passengers to travel in 2036, a near doubling of the 4 billion air travelers expected to fly this year. The prediction is based on a 3.6% average Compound Annual Growth Rate (CAGR) noted in the release of the latest update to the association"™s 20-Year Air Passenger […]
African airlines record six per cent traffic growth in August "“ IATA
The International Air Transport Association (IATA), has reported 6.4 per cent growth in traffic for African airlines in August with the exiting of Nigeria and South Africa from recession in second quarter. IATA, in a statement by its Director General, Alexandre de Juniac, on Thursday, said that seasonally adjusted traffic had broadly tracked sideways so […]
Double Digit Demand Growth for Freight Continued in August
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), increased by 12.1% in August 2017, compared to the same period a year ago. This was the fifth time in six months of double-digit gains on the previous year"™s performance. Demand is growing […]
Boeing Sees Growing Demand for New Airplanes in Southeast Asia
Boeing [NYSE: BA] projects a demand for 4,210 new airplanes, valued at $650 billion, over the next 20 years in Southeast Asia. The company presented its Southeast Asia Current Market Outlook (CMO) today during a briefing at Boeing’s regional headquarters in Singapore. The annual report forecasts the region will continue its strong annual traffic growth […]
Record Passenger Load Factor in July
The International Air Transport Association (IATA) announced global passenger traffic results for July showing strong but moderating demand growth. Total revenue passenger kilometers (RPKs) rose 6.8%, compared to the same month last year, down from 7.7% year-over-year growth recorded in June. All regions reported solid or better growth in passenger volumes over the past year. […]
Latam Airlines May Have Finally Got Back Its Momentum
It"™s taken five years, but the merger that created Latin America"™s largest airline might finally be bearing fruit. Latam Airlines Group SA, once the world"™s most valuable carrier, is in its strongest financial condition since predecessor Lan Airlines bought Brazil"™s TAM in 2012, said Chief Financial Officer Ramiro Alfonsin, in an interview in Santiago. The […]
Airline launches pre-select dining service
Qatar Airways (QA) is rolling out a bespoke service for its premium class passengers, giving them even more choice and freedom to create a personalised dining experience every time they travel on long-haul flights from Doha. The new Pre-Select Dining service is being introduced on select flights to Europe, North and South America, Australia and […]
Latam Airlines group reports consolidated operating income of us$48.2 million for second quarter 2017
LATAM Airlines Group S.A. (NYSE: LTM; IPSA: LTM), the leading airline group in Latin America, announced today its consolidated financial results for the second quarter ending June 30, 2017. "LATAM" or "the Company" makes reference to the consolidated entity, which includes passenger and cargo airlines in Latin America. All figures were prepared in accordance with […]
