Brazil returns to uneasy calm as protests wind down
Brazil showed signs of returning to normal on Thursday as an oil workers union ended a strike ahead of schedule and an 11-day trucker protest wound down, a welcome breather for a government suffering from rock-bottom approval levels. Oil workers union FUP unexpectedly recommended on Thursday that members suspend a 72-hour strike they began on […]
Airline executives at IATA’s annual meeting brace for oil price turbulence
Airline executives are gathering in Sydney’s winter chill under the shadow of higher oil prices and a string of accidents after enjoying a near-spotless 2017 in terms of profits and safety. The annual meeting of the International Air Transport Association (IATA), with 130 CEOs and 1,000 delegates, will kick off on Sunday, and worries that […]
Newly delivered Boeing 787-10 Dreamliner converted to Mobil Jet Oil 387
ExxonMobil announced today the first Boeing 787-10 Dreamliner, the newest and largest addition to the 787 family, was converted to Mobil JetTM Oil 387, following its late March 2018 delivery to Singapore Airlines. The converted components include the aircraft"™s Rolls Royce Trent 1000 engines as well as its UTC Aerospace Systems (UTAS) variable frequency starter […]
Global airline share prices up 2.9% in January, says IATA
Global airline share prices rose by 2.9% in January, with increases in Europe and Asia offsetting a modest decline in North America, according to the International Air Transport Association (IATA) January 2018 Airlines Financial Monitor. In the report yesterday, IATA said the airline index has fallen broadly in line with the global equity market during […]
Suriname Airways add extra seats to Guyana from Miami
Suriname Airways which put into service last December a 737-800 aircraft to service its Guyana route from Miami to accommodate the holiday demand, is keeping that aircraft on the route until the end of the Easter holidays. Suriname Airways General Manager, North America, Henk Fitz-Jim announced Thursday that the airline will maintain the 737-800 aircraft […]
Aviation: higher crude oil prices make for cloudy skies
When crude oil prices are flirting with $70 per barrel, investors in aviation companies should start biting their nails. The adjacent chart shows fuel costs expressed as a percentage of operating revenue for InterGlobe Aviation Ltd (running the IndiGo airline), Jet Airways (India) Ltd and SpiceJet Ltd for the half year ended September 2017. The […]
Mobil Jet Oil II Used in Latest COMAC C919 Test Flight
ExxonMobil congratulates COMAC on the maiden voyage of its second C919 airliner, the first Chinese-built large passenger aircraft to enter the market. Supported by Mobil Jet Oil II, COMAC"™s second C919 test aircraft took off from Shanghai Pudong International Airport on December 17. The first maiden C919 test flight, which occurred on May 5, 2017, […]
Airline revenue of $1.2 billion blocked across Africa – IATA
The global airline industry has $1.2 billion (£916.6 million) blocked in nine dollar-strapped African countries, the International Air Transport Association (IATA) said on Monday. The global commodities price crash that began in 2014 hit economies across Africa hard, particularly big resource exporters such as Angola and Nigeria. Low oil and mineral prices have reduced government […]
CAPA airline profit outlook: margins slipping as cost reduction intensity dims. Discipline needed
The latest six monthly update of the CAPA world airline industry operating margin model increases its forecasts to 2018 relative to the Jan-2017 update. 2016 was probably a cyclical peak, but the current outlook is for a more sustained period comfortably in excess of previous peak margins of around 6% – whereas previous peaks were […]
Airlines Profitability Improves with Falling Oil Prices Financial Health Drives Consumer Benefits
The International Air Transport Association (IATA) announced an outlook for improved industry profitability in its Economic Performance of the Air Transport Industry report. Airlines are expected to post a collective global net profit in 2014 of some $19.9 billion (up from the $18.0 billion projected in June). This looks set to rise to $25.0 billion […]