Belgium presents European tax on air travel
Belgium on Tuesday proposed the introduction of a European tax on commercial aviation, based on its environmental impact, at a meeting of the Council of European Environment Ministers. “We’re convinced that the European Union needs to play a leading role for fair and correct air-transport pricing,” said Wallonia Minister Jean-Luc Crucke, speaking on behalf of […]
Canadian airline profits projected to fall in 2018 on increased costs
Canada"™s airline profitability, which reached a 20-year high last year, is expected to soften due to higher fuel and labour costs, according to a Conference Board of Canada report. Airline pre-tax profits are forecast to drop 27 per cent to $1.32 billion as increasing costs outpace higher revenues that are forecast to approach $32 billion. […]
Portugal permite validação digital no tax free para brasileiros
Os brasileiros, ao retornarem de Portugal, poderão pedir o reembolso de impostos em quiosques eletrônicos localizados nos aeroportos; na foto, o aeroporto de Lisboa A partir deste mês, todos os turistas brasileiros que viajarem para Portugal poderão solicitar o reembolso do regime tax free – devolução parcial dos impostos embutidos nos valores de compras – […]
A4A Urges Lawmakers to Reject Unnecessary Tax Hikes on Airline Customers
-Airlines for America (A4A), the industry trade organization for the leading U.S. airlines, today urged Congress to reject increases to Transportation Security Administration (TSA) and Customs and Border Protection (CBP) security fees just as the administration rejected an unwarranted increase in the passenger facility charge (PFC), a move A4A strongly applauds. That said, Congress should […]
Delta raises 2018 earnings guidance 20% due to tax law
Delta Air Lines on Thursday posted fourth-quarter earnings that beat Wall Street’s expectations, and it raised its 2018 guidance about 20 percent. Fueling Delta’s upbeat forecast was its ability to increase how much it generates from each seat it flies per mile, a key revenue metric. This rose 4 percent in the three months ended […]
New Zealand: International aviation organisation opposes proposed tourist tax
The international aviation industry has come out against a proposed tourist levy saying airlines should not be saddled with the extra costs involved in collecting it. International Aviation Transport Association (IATA) regional director Vinoop"‹ Goel"‹ argued that the revenue raised by Labour’s pre-election suggestion of a $25 per head charge on international visitors would be […]
IATA opposes provisions in US tax reforms, aimed to tax foreign carriers operating in the US
IATA announced (28-Nov-2017) its opposition to modifications of provisions in US tax reform, seeking to tax any foreign air carrier whose home country does not have an income tax treaty with the US and has fewer than two arrivals and departures per week from major US airlines. The changes are emboldened in the Isakson Provision […]
Passengers at Dubai airports to pay excise tax
Dubai Duty Free (DDF) confirmed on Monday that both departing and arriving passengers at Dubai"™s airports will pay an excise tax on carbonated drinks and energy drinks in line with the UAE"™s implementation of the tax. Just like the rest of the country, passengers at Dubai"™s airports will pay a tax of 50 per cent […]
Lufthansa Cargo increases freighter services to India
Close on the heels of announcing fairly positive financial numbers for the first half of 2017, Lufthansa Cargo chief executive and chairman of the executive board Peter Gerber held a press conference in Mumbai to formally announce the launch of additional freighter services to Mumbai. Since July, the airline operates four instead of three freighter […]
Aircraft depreciation, residual values and useful economic lives have shifted in the past 35 years says IBA
How realistic is depreciation of an aircraft over a 20 or 25 year life when aligned to a % of original cost? This was a question asked at a recent joint breakfast seminar entitled "˜Emerging Accounting and Valuation Challenge"™ hosted by KPMG Dublin and independent aviation consultancy firm IBA. Addressing a knowledgeable audience of airline, […]
