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, […]
Etihad comfortably surpasses industry target with a 2.5 per cent fuel efficiency improvement in 2016
Etihad Airways claims to have improved fuel efficiency across all operations by 2.5% in 2016, which represented savings of nearly 190,000 tonnes of CO2 emissions, the equivalent of 1,200 flights between Abu Dhabi and London. The UAE"™s national airline says it is working on several key initiatives to optimise efficiency, both with the aircraft fleet […]
Long-time partners Travelport and Air Canada announce new full content agreement
Travelport, a leading Travel Commerce Platform, and Air Canada announced they have signed a new, long-term, full content agreement that establishes a framework for ongoing merchandising, branding, and technology collaboration between the two travel industry leaders. Under the full content agreement, Travelport-connected agencies in over 180 countries, servicing hundreds of millions of consumers around the […]
Qatar Airways starts programme to meet second level of IATA’s environmental management certification scheme
Having achieved the foundation level of IATA"™s Environmental Assessment (IEnvA) certification scheme, Qatar Airways has begun implementing additional environmental management system procedures to attain stage 2 certification. The programme will cover all aspects of the airline"™s global operations, including flight and ground operations, and corporate activities. By the end of 2017, it aims to have […]
Jet fuel prices in region drop by 49.2 per cent in a year
This is the largest fall in five years as prices fell in Europe also by 47.6 per cent Jet fuel prices fell last July by 15.6 per cent to $59.8 per barrel in the Middle East and Africa, according to IATA"™s jet fuel index. The prices of jet fuel recorded the largest fall in five […]
United Airlines takes a chance on biojet fuel
A Phoenix airport only allows cabs using an ethanol-based fuel on airport premises; Brazilian airliner GOL has flown a commercial flight on sugarcane jet fuel; and the Environmental Protection Agency (EPA) offers subsidies to commercial airlines using biojet fuel. Maybe these are just trends, but here to whip them into a full blown airline case […]
Boeing Fuel Dashboard mejorará la operación de la flota de 737s de GOL
Boeing y GOL Linhas Aereas Inteligentes S.A. anunció, en el marco del congreso MRO Latin America, la firma de un acuerdo para la implantación de la solución Boeing Fuel Dashboard en la flota de aviones 737 Nueva Generación de GOL. La solución de software analítico de Boeing brindará a los equipos de operaciones de GOL […]
Airline fuel bill may ease: IATA chief economist
Jet fuel prices could be set for a further decline after the global average fell 8.4 per cent year-on-year at the end of August. Brian Pearce, chief economist at the International Air Transport Association (IATA), told reporters in Abu Dhabi on Wednesday jet fuel prices will "typically" follow market indicator brent crude. The European benchmark, […]
Soaring Ontario Fuel Tax Will Hurt Province"™s Jobs, Economy
The International Air Transport Association (IATA) expressed shock and disappointment over the Ontario government"™s proposal to more than double the Province"™s aviation fuel tax. The fuel tax already costs Ontario travelers and shippers over C$60 million annually. When fully implemented, the increase from C2.7 cents per liter to C6.7 cents per liter will add more […]
Industry on Track for Second Improving Profits Rising Fuel Costs Largely Offset by Increased Demand
The International Air Transport Association (IATA) announced that the airline industry remains on track to deliver a second consecutive year of improved profitability. This is despite a slight downward revision to its industry outlook for 2014 to an industry profit of $18.7 billion from the previously forecast $19.7 billion. The main driver of the downward […]
