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 […]
Perth stopover on world-first flight linking South America and Asia to boost WA tourism
A world-first air route is planned to link South America and Asia, with Perth the critical hub linking the two big travel markets. The fastest route is via the South Pole but a stop in Perth would be needed for fuel, creating exciting stopover tourism potential. Argentine airline Norwegian Air Argentina has applied and been […]
Aim for 1 Billion Passengers to Fly on Sustainable Aviation Fuel Flights by 2025
The International Air transport Association (IATA) set out an aim for one billion passengers to fly on flights powered by a mix of jet fuel and sustainable aviation fuel (SAF) by 2025. This aspiration was identified on the tenth anniversary of the first flight to blend sustainable aviation fuel and ordinary jet fuel. On 24 […]
Low-cost Swoop airline attracting new breed of infrequent flyers, WestJet says
Nearly a week after launching ticket sales for its ultra-low-cost carrier Swoop, WestJet Airlines Ltd. says it hasn"™t lost business at its main airline, suggesting it has found a new market of infrequent flyers. "Clearly what we"™re seeing is that Canadians like low fares," Ed Sims, executive vice-president, commercial, told a conference call with financial […]
