Realignment of the Lufthansa Group leads to significant profit improvement
The Lufthansa Group increased its total revenues by 12.7 percent to EUR 17.0 billion in the first six months of 2017 (prior-year period: EUR 15.0 billion). Traffic revenues were up by 14.2 percent to EUR 13.3 billion (prior-year period: EUR 11.6 billion). The key earnings indicator Adjusted EBIT was roughly doubled to over EUR 1 […]
Airbus delivers its 100th A350 XWB
Airbus has delivered its 100th A350 XWB, just some 30 months after the first delivery of the world"™s most modern widebody aircraft in December 2014. The 100th aircraft delivered is an A350-900 for China Airlines. "The 100th A350 XWB milestone comes as we reach our fastest widebody production ramp-up, on track to meet the target […]
Virgin Atlantic sees impressive gains in fuel efficiency and an 8% fall in emissions as a result of fleet changes
Following a slowdown in the overall fuel efficiency of its fleet in 2015, Virgin Atlantic Airways has rebounded with an impressive 8% annual improvement last year, according to the airline"™s latest Sustainability Report 2017. This is largely down to the positive impact of Boeing 787 aircraft entering the fleet in 2016, improved passenger load factors […]
Nearly 35,000 aircraft valued at US$5.3 trillion required in the next 20 years
The world"™s passenger aircraft fleet above 100 seats is set to more than double in the next 20 years to over 40,000 planes as traffic is set to grow at 4.4 percent per year, according to Airbu"™ latest Global Market Forecast 2017-2036. Over this period, increasing numbers of first time flyers, rising disposable income spent […]
Governments Need to Support Production of Sustainable Aviation Fuels
The International Air Transport Association (IATA) 73rd Annual General Meeting (AGM) approved a resolution calling for governments to implement policies to accelerate the deployment of sustainable aviation fuels (SAF). The Resolution also reaffirmed the industry"™s commitment to work with governments to implement the Carbon Offset and Reduction Scheme for International Aviation (CORSIA) global CO2 emissions […]
Strong Profits Continue Labor, Fuel and Supplier Costs on the Rise
The International Air Transport Association (IATA) revised its 2017 industry profitability outlook upwards. Airlines are expected to report a $31.4 billion profit (up from the previously forecast $29.8 billion) on revenues of $743 billion (up from the previously forecast $736 billion). «This will be another solid year of performance for the airline industry. Demand for […]
The cost of going green
Having pledged to pursue carbon-neutral growth from 2020, airlines are committed to reducing the environmental cost of flying even as they gear up for decades of continued growth in air transport. A key tool in achieving this is the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)"”a global market-based mechanism that will help airlines […]
First Air Mauritius A350 XWB takes shape in Airbus"™ Final Assembly Line
Assembly of the first A350 XWB for Air Mauritius is advancing well at Airbu"™ Final Assembly Line (FAL) in Toulouse, France. The wing-fuselage junction, the installation of the tailplane and also the tailcone have been completed. The aircraft is in the next assembly station for structural completion such as the installation of winglets, ground testing […]
New Partnership to Enhance Quality Assurance and Safety in Global Aviation Fueling
The International Air Transport Association (IATA), the Joint Inspection Group (JIG), and Airlines for America (A4A) signed a Memorandum of Understanding (MoU) to strengthen and promote Safety and Quality Assurance in global aviation fueling activities. «Maintaining the quality of the aviation fuel supply and the supporting infrastructure and operations is vital to the safe and […]
Aircraft depreciation, residual values and useful economic lives have shifted in the past 35 years says IBA
How realistic is depreciation of an aircraft over a 20 or 25 year life when aligned to a % of original cost? This was a question asked at a recent joint breakfast seminar entitled "˜Emerging Accounting and Valuation Challenge"™ hosted by KPMG Dublin and independent aviation consultancy firm IBA. Addressing a knowledgeable audience of airline, […]
