JetBlue, United Airlines Tout Focus on Renewables with Major Announcements
With an aviation industry-wide goal to cap net greenhouse gas growth from 2020 onward, renewable jet fuel is a key aspect of some airlines’ sustainability strategies, and two big announcements this week underscored that fact. United Airlines plans to reduce greenhouse gas emissions by 50% by 2050, while JetBlue will be receiving its five new […]
Airline fuel efficiency improves but lags industry goals: study
Airline fuel efficiency on transatlantic flights has improved by one percent a year since 2014 as carriers buy modern planes, but the industry still lags its own climate goals, a study released on Wednesday said. The industry’s average fuel efficiency improved to 34 passenger kilometers per liter of fuel from 33 between 2014 and 2017 […]
IATA: Rising fuel costs a worry
Air travel demand remains robust, but airlines face increases of around 27% in fuel costs this year compared with 2017,according to performance data for May, compiled by International Air Transport Association. Rising fuel costs are negating the stimulus from lower fares, which could slow passenger traffic demand. Global passenger traffic results for May showed demand […]
IAG confía en la liberalización del transporte aéreo para sortear el brexit
El presidente de IAG, Antonio Vázquez, ha reafirmado esta mañana ante la junta de accionistas su convicción sobre el hecho de que Reino Unido y la Unión Europea «llegarán a un acuerdo de liberalización integral del transporte aéreo». Para el grupo de aerolíneas propietario de British Airways el brexit, y el posible aislamiento de las […]
Lufthansa Group sets new fuel efficiency record
The Lufthansa Group has set a new fuel efficiency record. In 2017, the aircraft of the passenger fleets required an average of just 3.68 liters (.972 gal) of kerosene to transport a passenger 100 kilometers (62 miles) , 2016: 3.85 l (.972 gal) / 100 pkm (62 miles). This represents an improvement of 4.5 percent […]
US Big 3 airlines: Capacity growth despite fuel price volatility
Revenue momentum for the three large global network airlines should continue into 2Q2018 with international entities leading the charge. American, Delta and United all believe their trans-Atlantic entities should be revenue leaders in the quarter, which is the start of the US summer high season. But accompanying the solid unit revenue growth forecasts is a […]
IATA Air Passenger Market Analysis December 2017
According to the global passenger traffic results for 2017 by IATA, global revenue passenger kilometres (RPKs) increased by 7.6% y-o-y in 2017 as a whole "“ another year of above-trend growth, well ahead of the ten-year average pace (5.5%). The industry-wide load factor increased by 0.9% in 2017, taking it to a record calendar – […]
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 […]
