American Airlines CEO warns that higher fares are coming due to fuel prices
The world"™s largest airline could have an uptick in prices. American Airlines CEO says consumers will likely pay more in ticket prices due to rising fuel costs eating into airline profits. Doug Parker, the CEO, said in a call with analysts and reporters that if fuel costs go any higher, so will airline fare. American […]
US airline stocks tumble after warnings of higher fuel costs
US airline stocks tumbled on Thursday after two carriers warned of higher fuel costs that could feed through to fare increases. Shares of American Airlines fell 6.3 per cent after the company lowered its 2018 profit forecast due to an expected $2.3bn rise in fuel costs this year. Chief executive Doug Parker warned that sharply […]
American, Delta And United Are World’s Most Valuable Airline Brands
A report from valuation and strategy consultancy Brand Finance on the world’s most valuable airline brands has revealed that US carriers American Airlines, Delta Air Lines and United are the most powerful, even though their values dropped in 2017. American Airlines is the world’s most valuable airline brand once again in 2018, despite its value […]
Airbus and Rolls-Royce sign UltraFan engine integration collaboration agreement
Airbus and Rolls-Royce have signed a collaboration agreement for the integration of Rolls-Royce"™s UltraFan® demonstrator for flight testing. The integration solutions demonstration will be co-funded by Clean Sky 2, the European Union research programme focused on developing technology to reduce emissions. UltraFan is a scalable jet engine design suitable for widebody or single-aisle aircraft and […]
Boeing, Ryanair Announce Order for 25 737 MAX 8s
Boeing [NYSE: BA] and Ryanair today announced they finalized an order for 25 additional high-capacity 737 MAX 8 airplanes. The $3 billion order, at current list prices, was previously listed as unidentified on Boeing’s Orders & Deliveries website. «We are pleased to announce the exercise of 25 Boeing 737 «Gamechanger» options, bringing our firm order […]
WestJet’s new boss has international ambitions
WestJet’s new boss says he can see «no limit» to the international opportunities for the Calgary-based airline, eyeing potential growth in Asia, Europe and Latin America. CEO Ed Sims says that with advances in fuel efficiency and airplane technology, there’s opportunity not only to take more Canadians abroad, but to attract more travellers to Canada. […]
Canadian airline profits projected to fall in 2018 on increased costs
Canada"™s airline profitability, which reached a 20-year high last year, is expected to soften due to higher fuel and labour costs, according to a Conference Board of Canada report. Airline pre-tax profits are forecast to drop 27 per cent to $1.32 billion as increasing costs outpace higher revenues that are forecast to approach $32 billion. […]
IATA México da a conocer un completo programa de cursos para 2018
Con el apoyo de la oficina local de la Asociación de Transporte Aéreo Internacional (IATA, por sus siglas en inglés) en México, CIIASA (Centro Internacional de Instrucción de Aeropuertos y Servicios Auxiliares "Ing. Roberto Kobeh González"), y Regional Training Partner de IATA, dictará durante 2018 una serie de cursos dirigidos a personas vinculadas a la […]
IATA Airlines Financial Monitor – March 2018
We are pleased to send you herewith the March report of the Airlines Financial Monitor. Key points: * The final data for Q4 2017 confirms the stabilisation in airline financials in 2H17. The industry-wide EBIT profit margin was a robust 8.7% of revenues in Q4 2017 "“ effectively unchanged from Q4 2016. * The broad-based […]
Crude oil, jet fuel prices 30% higher than a year ago: IATA
Crude oil and jet fuel prices are currently almost 30% higher than their level of a year ago; the International Air Transport Association (IATA) has said, but noted it does not expect significant change in oil prices over the next 12 to 18 months. The oil price futures curve continues to suggest that financial markets […]
