Pakistan and Bangladesh Blocking Over $720m of Airline Revenues
The International Air Transport Association (IATA) called on Pakistan and Bangladesh to immediately release airline revenues that are being held in contravention of international agreements. The situation has become severe with airlines unable to repatriate over $720 million ($399 million in Pakistan and $323 million in Bangladesh) of revenues earned in these markets. “The timely […]
Airports have been hit by the rise of Uber and Lyft
The emergence of app-based ride-hailing services such as Uber and Lyft has transformed the way business travellers get to and from the airport. And it has also blown a hole in the finances of many airports. Under threat, particularly in North America, is their income from car parks, which makes up two-fifths of non-airline-related revenues […]
Curaçao Airport focuses on non-aero revenues with Concessionaire Analyzer+
Curacao Airport Partners NV (CAP), operators of Curaçao International Airport, have chosen the Concessionaire Analyzer+ (CA+) software solution to assist in improving the management of its non-aeronautical sector. The solution will focus on automating the collection of detailed sales data from concessions, whilst providing a centralised platform for contracts management, as well as facilities for […]
Realignment of the Lufthansa Group leads to significant profit improvement
The Lufthansa Group increased its total revenues by 12.7 percent to EUR 17.0 billion in the first six months of 2017 (prior-year period: EUR 15.0 billion). Traffic revenues were up by 14.2 percent to EUR 13.3 billion (prior-year period: EUR 11.6 billion). The key earnings indicator Adjusted EBIT was roughly doubled to over EUR 1 […]
Airlines Global Industry had a growth of 7.4% between 2012 and 2016 and is expected to rise further by 2022
The airlines industry comprises passenger air transportation, including both scheduled and chartered, but excludes air freight transport. · Industry volumes are defined as the total number of revenue passengers carried/enplaned (departures) at all airports within the specified country or region, excluding transit passengers who arrive and depart on the same flight code. · All currency […]
GOL Reports Net Revenues of R$2.6bn and EPS of R$0.46 for 1Q17
GOL Linhas Aereas Inteligentes S.A. («GOL»), (NYSE: GOL and B3: GOLL4), Brazil’s #1 airline, announces today its consolidated results for the first quarter (1Q17). All information is presented in accordance with International Financial Reporting Standards (IFRS) and in Brazilian Reals (R$), and all comparisons are with the first quarter of 2016 unless otherwise stated. Operating […]
Team Effort Needed to Improve Value of Air Cargo
The International Air Transport Association (IATA) called for continued transformation in the air cargo industry with a focus on raising the quality of its offering at the opening of the 10th annual World Cargo Symposium (WCS) in Berlin. The global air cargo sector continues to face a difficult business environment. The anemic growth experienced since […]
