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 […]
Passenger Demand Moderates from Recent Peak but Stays Strong
The International Air Transport Association (IATA) announced global passenger traffic results for May showing that demand (measured in revenue passenger kilometers, or RPKs) rose 7.7% compared to the same month in 2016. This was slower than the 10.9% growth recorded in April. However, this still was well ahead of the 5- and 10-year average growth […]
Global Air Freight Demand Increases 13% in May
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), grew 12.7% in May 2017 compared to the year-earlier period. This was up from the 8.7% annual growth recorded in April 2017 and is more than three times higher than the five year […]
Southwest Becomes Latest Airline to Reduce Flights to Cuba
Southwest Airlines Co. will join other U.S. carriers in reducing flights to Cuba, saying laws that restrict Americans from traveling to the island for tourism are constraining demand. Southwest becomes the latest airline to accept that the industry, with little way to judge demand beforehand, was too optimistic when U.S. regulators allowed passenger routes to […]
Embraer releases regional jet market forecast
The 2017 edition of Embraer"™s Market Outlook Report reviews market prospects in the regional jet segment over the period 2017-2036. Embraer has published the 2017 edition of its Market Outlook Report, reviewing market prospects in the regional jet segment for the next 20 years. The company expects world passenger traffic to maintain 4.5% annual growth […]
Iata calls for greater collaboration to keep flying secure
Greater collaboration is needed among all government and industry stakeholders to keep flying secure. The call came from Iata as the aviation trade body adopted a resolution reaffirming the airline industry"™s commitment to safety and security. Terror incidents in 2016 have dented European passenger demand. Performance over the first months of the year pointed towards […]
Growing Fleet Lifts Copa Holdings’ Revenue Early in 2017
Copa Holdings (NYSE: CPA) is expanding its fleet, taking delivery of two 737s in the first quarter, upping the total fleet to 101 aircraft. And that’s helping growth along with rising demand for each seat the company has. The increased demand environment has been a boon for airlines recently, and as a low-cost operator, Copa […]
Emirates airline profits plunge 82.5% in past year
Emirates airline has blamed fierce competition, currency devaluations and US travel restrictions as it reported an 82.5 percent plunge in annual profits for the last fiscal year. The Dubai-based company said net profit at its airline business dropped to $340m in the year to March 31, down from $1.9bn in the previous 12 months – […]
