Turkish Airlines narrows net loss in 1Q
Turkish Airlines recorded a 2017 first-quarter net loss of $373 million, narrowed from a net loss of $421 million for the year-ago quarter. Operating revenue for the quarter was $2 billion, down 10% year-over-year (YOY) from $2.2 billion in the 2016 1Q. Expenses fell 11% to $2.2 billion, producing an operating loss of $209 million, […]
First Quarter Ends on Strong Note for Passenger Traffic
The International Air Transport Association (IATA) announced global passenger traffic results for March 2017 showing that demand (measured in revenue passenger kilometers, or RPKs) rose 6.8%, compared to the same month a year ago. Capacity grew 6.1% and load factor climbed by half a percentage point to 80.4%, which was a record for the month. […]
Global Air Freight Demand Increases 14% in March
The International Air Transport Association (IATA) released March 2017 demand growth results for global air freight markets showing a 14% expansion measured in freight tonne kilometers (FTKs) compared to the same period last year. This was the fastest pace of growth recorded since October 2010. Freight capacity, measured in available freight tonne kilometers (AFTKs), grew […]
Fixing airline customer service: Lawmakers should treat disease instead of symptoms
The Tuesday congressional hearing on airline"™ consumer practices might feature a lot of talk on issues like overbooking and passenger compensation, but one major issue underlies major carrier"™ recent foibles: dwindling choice in the aviation marketplace. One of the four biggest domestic airlines (American, Delta, Southwest and United) currently controls over 50 percent of seat […]
Strong Passenger Demand, Record Load Factor in February
The International Air Transport Association (IATA) announced global passenger traffic results for February showing a second month of strong demand growth to begin 2017. Total revenue passenger kilometers (RPKs) rose 4.8%, compared to the same month last year. Although this was below growth achieved in January, year-to-year comparisons are distorted because February 2016 was a […]
Air Cargo Demand Continues Upward Trajectory in February
The International Air Transport Association (IATA) released demand growth results for global air freight markets for February 2017 showing an 8.4% increase in demand measured in freight tonne kilometers (FTKs) compared to the same period last year. After adjusting for the impact of the leap year in 2016, demand increased by 12% — almost four […]
IATA Urges Air Cargo Modernization
The International Air Transport Association (IATA) called on the air cargo industry to accelerate modernization and focus on delivering high quality service. The call was made at the 11th World Cargo Symposium, which opened in Abu Dhabi today against a backdrop of cautious optimism for the global air cargo sector. After several years of virtually […]
Passenger Demand Growth Hits Five-Year Peak in January
The International Air Transport Association (IATA) announced global passenger traffic results for January 2017 showing demand (revenue passenger kilometers or RPKs) rose 9.6% compared to January 2016. This was the strongest increase in more than five years. Results were positively affected by traffic associated with the Lunar New Year celebrations, which occurred in January this […]
Air Cargo Off to a Solid Start in 2017
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 6.9% in January 2017 compared to the year-earlier period. While this was down from the 10% annual growth recorded in December 2016 it still was well above the average annual growth rate […]
Legal Symposium 2017: Reshaping the industry
A number of conflicting factors are influencing air travel"™s future, said Brian Pearce, IATA"™s Chief Economist. World growth remains lacklustre, but demand for air connectivity is still strong. Consumers are seeing increasing value as fares fall in real terms, and investors are experiencing returns above the cost of capital. But the industry"™s profits are not […]
