African Carriers Set for More Losses in 2016, Says IATA
African airlines are facing another year in the red, with the International Air Transport Association (IATA) predicting collective losses of approximately $100 million for 2016. This follows loss estimates of some $300 million for African carriers in 2015, according to the organization"™s recently revised industry outlook, in which it projected that globally the world"™s airlines […]
India may displace UK as 3rd largest aviation market by 2026: IATA
India is likely to become the third largest aviation market in the world displacing the UK by 2026, according to a forecast by global airlines grouping International Air Transport Association today. Besides, the IATA expects India’s air passenger traffic to grow to 378 million passengers by 2034 with 275 new passengers likely to be added […]
Asia a volatile market for airlines: IATA exec
With seat capacity overhang, cut-throat competition and profit margins under pressure, Asia continues to be an extremely volatile market for airlines, a top industry official said today (Nov 23). "In 12 months, we have seen huge shifts in the way markets perceive the value of airlines and that"™s really a symptom of massive competition, massive […]
Lufthansa sells 13% stake in Luxair to Luxembourg government
The Luxembourg government has acquired Lufthansa"™s 13% stake in national carrier Luxair, a Lufthansa spokesperson confirmed to ATW in Frankfurt. "The deal was completed Nov. 6," the spokesperson said without giving financial details. "To our understanding, the government will take these shares temporarily." The Luxembourg government said the shareholding will be placed on the market […]
The Future of Airplane Seat Reclining or Not
To recline, or not to recline, is a troublesome question. Recent events in the U.S. air travel market prove that it is a volatile issue for some passengers, leading to aggression onboard. For airlines, and the aircraft seating industry, it"™s a puzzle. Is it better to provide the option of recline, and risk seat troubles […]
IAG Cargo Q3 2015 financial results
IAG Cargo today announced its Q3 results from July 1 to September 30, 2015, reporting commercial revenue of €238m[1] versus €236m for the same period last year. In the third quarter, market conditions have remained challenging. This has placed pressure on yields, which decreased 4.5 per cent at constant exchange rates, with volumes also finishing […]
Industria aeroespacial valdrá 5.2 billones de dólares hacia 2033
El valor del mercado de la industria aeroespacial alcanzará los 5.2 billones de dólares, reveló el estudio Current Market Outlook 2014"“2033 elaborado por Boeing. Asimismo, Boeing indicó que el valor del mercado aeroespacial mundial aumentará 352, 500 millones de dólares (mdd) en 2023. El estudio arrojó que por región el valor del mercado para el […]
IATA: Premium traffic growing in line with trend, but developing market indicators a concern
IATA issued (May-2015) its Premium Traffic Monitor for Mar-2015: Passenger travel on international markets rose 4.6% year-on-year, in line with Feb-2015 growth. The growth trend over the past several months, particularly for premium travel, has flattened; There was some positive impact from the Lunar New Year. The holiday provided a boost for leisure travel for […]
Growth for premium air tickets remains "˜flat"™
Demand for premium air cabins for flights within Europe has slowed to a growth of just 0.4 per cent due to "weaknes" in the eurozone countries. The latest figures from IATA show that global premium air travel only grew by 2.3 per cent in February compared to the same month in 2014 when the market […]
New IATA Passenger Forecast Reveals Fast-Growing Markets of the Future
The International Air Transport Association (IATA) released its first 20-year passenger growth forecast, projecting that passenger numbers are expected to reach 7.3 billion by 2034. That represents a 4.1% average annual growth in demand for air connectivity that will result in more than a doubling of the 3.3 billion passengers expected to travel this year. […]
