Tag: Profits

Airlines eye retiring older aircraft if fuel costs continue to rise Pre-tax earnings for US airlines fell 27%"”down approximately $700 million year-over-year"”in the first quarter of 2018, as fuel, labor, airport and aircraft expenses outpaced revenues, according to an industry...

Delta Air Lines said Wednesday that it will pay employees $1.1 billion in profit sharing for 2017, the fourth consecutive year for which the carrier will pay profit sharing of more than $1 billion. While the Valentine"™s Day payout is...

The French-Dutch airline Air France-KLM said at the weekend that robust business environment and "solid" traffic gave earnings a lift in the third quarter. Air France-KLM said in a statement that its net profit edged 1.5% higher to 552 million...

International Consolidated Airlines Group has reported a third quarter operating profit of €1,455 million before exceptional items. The figure is up from the €1,205 million reported last year. Willie Walsh, IAG chief executive, said: "We"™re reporting another strong quarter with...

A quarter of all flights cancelled by Ryanair will affect a Spanish airport. It comes after the budget airline published a definitive list of flights it has been forced to cancel due to bad planning of its pilot"™ holidays. A...

Tropical Storm Harvey has already caused thousands of flight cancellations around Houston and could cripple regional aviation through the U.S. Labor Day holiday, taking a bite out of airline profits during one of the year"™s busiest travel periods. Since making...

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...

The International Air Transport Association (IATA) announced that it expects the global airline industry to make a net profit in 2017 of $29.8 billion. On forecast total revenues of $736 billion, that represents a 4.1% net profit margin. This will...

The International Air Transport Association (IATA) announced its airline industry outlook for 2016 which sees an average net profit margin of 5.1% being generated with total net profits of $36.3 billion. IATA also announced a revision to its airline industry...

The biggest carrier, by passenger numbers, at Liverpool John Lennon Airport achieved an 18.1% jump in pre-tax profits for the year to September 30, of £686m, on a 3.5% increase in revenues which reached £4.686bn. Load factor, or the number...