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 […]
Strong Demand Growth Continues in June
The International Air Transport Association (IATA) announced global passenger traffic data for June showing that demand (measured in total revenue passenger kilometers or RPKs) rose by 7.8% compared to the year-ago period. This was in line with the 7.7% growth recorded in May. All regions reported growth. June capacity (available seat kilometers or ASKs) increased […]
Air Cargo Posts Strongest First Half-Year Growth Since 2010
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), grew by 10.4% in the first-half of 2017 compared to the first-half of 2016. This was the strongest first half-year performance since air cargo"™s rebound from the Global Financial Crisis in 2010 and […]
IATA: Airlines to report higher Q2 profits
More than three-quarters of airline chief financial officers and heads of cargo indicated that profitability increased in the second quarter of 2017 versus a year earlier, according to a quarterly airline business confidence index survey conducted by the International Air Transport Association (IATA). Seventy-seven per cent of respondents reported that profitability increased year-on-year in the […]
