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 – […]
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 […]
