US airlines"™ 1Q profits down 27% as expenses outpace revenues
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 overview by Airlines for America (A4A) released May 23. The US airline industry, of which […]
American Pilots Say ‘What About Us?’ After Delta Pays Out $1.1 Billion In Profit Sharing
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 no doubt cheering Delta"™s 80,000 employees "“ it amounts to an average of about $6,000 […]
Air France-KLM robust profits rally
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 euros (USD643 million) in the period from July to September. Underlying or operating profit jumped […]
IAG Reports Uptick in Quarterly Profits
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 an operating profit up 20.7 percent to €1,455 million before exceptional items. "All our companies […]
One in four flights cancelled by Ryanair affect a Spanish airport, airline to lose tens of millions in profits
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 whopping 2,176 flights have been axed between September 16 and October 28, around 50 flights […]
Airline profits could feel squeeze from Tropical Storm Harvey
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 landfall on Friday, the deadly storm has dumped several feet of rain on Houston and […]
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 […]
Another Strong Year for Airline Profits in 2017
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 be the third consecutive year (and the third year in the industry"™s history) in which […]
IATA: Airlines continue to improve profitability 5.1% net profit margin for 2016
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 outlook for 2015 upwards to a net profit of $33 billion (4.6% net profit margin) […]
Another year of record profits for budget carrier easyJet
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 of available seats sold, also hit a record 94.4%. Shareholders will benefit from the airline"™s […]
