Uptick in Latin American cargo traffic
The Latin American and Caribbean Air Transport Association (ALTA) has reported that its member airlines flew 439.6m freight tonne-kilometres (FTKs) in October, up by 0.7% over the same month of 2016. At 130.9m FTKs, intra-Latin American cargo traffic was down by 2.2% year-on-year, but at 308.8m FTKs extra-Latin American freight traffic was up by 2% […]
Global airline industry’s 2018 net profit expected to rise: IATA
The global airline industry’s net profit is expected to rise substantially in 2018 due to strong demand, efficiency and reduced interest payments, a global airline association said on Tuesday. According to a forecast by IATA, global industry’s net profit is likely to touch $38.4 billion in 2018 from the $34.5 billion expected net profit in […]
IATA seeks strong law enforcement to deter irresponsible use of drones
Law enforcement authorities must play a strong role to ensure there are suitable deterrents in place for those flying recreational drones to prevent danger to passenger aircraft, the International Air Transport Association (IATA) said on Tuesday. Risks posed by the increasing use of drones were highlighted in October when a drone hit an aircraft landing […]
Cathay Pacific crew saw North Korean missile from plane, airline says
The crew of a Cathay Pacific flight from San Francisco to Hong Kong saw what they believed was a North Korean ballistic missile re-entering the Earth’s atmosphere last Wednesday, the airline said Monday. Cathay said in a statement that it had been in contact with relevant authorities, industry bodies and other airlines about what was […]
October Passenger Demand Rebounds from Weather-Impacted September
The International Air Transport Association (IATA) announced global passenger traffic results for October showing that demand (measured in revenue passenger kilometers, or RPKs) rose 7.2% compared to the same month last year. Capacity grew 6.2% and load factor climbed 0.8 percentage points to 80.8%, which was a record for the month. October"™s performance was a […]
Buenos Aires Ezeiza on course to break 10 million this year: Aerolineas Argentinas still #1 carrier
Buenos Aires Ezeiza is Argentina"™s second busiest airport, after Buenos Aires Aeroparque, but it is the country"™s main international gateway. Its network of services (using OAG schedule data for w/c 17 November) currently covers 48 destinations across 19 different countries. This increases to 60 destinations and 24 countries if one-stop services are included. The airport […]
LATAM Airlines Group reports preliminary monthly statistics for October 2017
LATAM Airlines Group S.A. and its subsidiaries, ("LATAM Airlines Group" or "the Company") (NYSE: LTM / IPSA: LTM), the leading airline group in Latin America, today reported its preliminary monthly traffic statistics for October 2017 compared to October 2016. System passenger traffic increased by 4.2%, while capacity rose 2.7%. As a result, the Company"™s load […]
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 […]
September Passenger Demand Shows Hurricane Hit, Slowing Growth
The International Air Transport Association (IATA) announced global passenger traffic results for September showing that demand (measured in revenue passenger kilometers, or RPKs) rose 5.7% compared to the same month in 2016. This was the slowest year-on-year increase since February. Hurricanes Irma and Maria weighed heavily on the results, although growth already had been tapering. […]
American Airlines 3Q profit falls on higher costs, storms
American Airlines said Thursday that third-quarter profit fell on higher costs and the effect of three hurricanes, but it sees stronger pricing power ahead. The airline predicted that a key measure of prices would be stronger in the fourth quarter than it was in the third because of improving demand for both business and leisure […]
