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 […]
Avianca Is the Latest Airline to Suspend Service to Venezuela
Colombia"™s Avianca Holdings SA will suspend flights to Venezuela next month, joining other major carriers that have cut off access to the South American nation engulfed in violent political protests and economic chaos. Avianca will stop its twice-daily flights between Caracas and Bogota as well as an almost daily flight to Lima on Aug. 16, […]
Top 25 cargo airlines: FedEx maintains top spot but ABC and Qatar on the up
FedEx was once again the busiest freight airline in the world, while Qatar Airways, AirBridgeCargo (ABC) and All Nippon Airways were among the fastest growers in 2016. (FedEx es la principal línea de carga aérea en 2014) The annual World Air Transport Statistics report from Iata showed that in freight tonne km (FTK) terms, FedEx […]
2017 State of Logistics: Air Cargo
One of the most positive developments for logistics managers so far this year has been the reversal of fortunes in the air cargo sector. According to the International Air Transport Association (IATA), air cargo markets worldwide showed that demand rose 8.5% in April 2017 compared to the same period a year ago. While this was […]
