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 […]
Lufthansa Group strengthens financial base with its best-ever nine-month result
"We achieved another record earnings result in the first nine months of this year," said Carsten Spohr, Chairman of the Executive Board of Deutsche Lufthansa AG, at today"™s presentation of the Lufthansa Group"™s nine-month interim results. "A result that gives us the investment and growth capabilities we need to play an active part in the […]
Middle East carriers"™ fleet size to more than double by 2036
The fleet size of operators in the Middle East is forecast to more than double from 1,250 to 3,320 aircraft over the next two decades, according to the Airbus Global Market Forecast. The Middle East will need some 2,590 new aircraft by 2036, for replacement of 520 older generation aircraft, and 2,070 aircraft for growth, […]
ALTA and IATA to Strengthen Joint Cooperation to Address Latin America and Caribbean Aviation Challenges
ALTA (Latin American and Caribbean Air Transport Association) and IATA (International Air Transport Association) met this week to discuss strengthened collaborative efforts between the two associations to address Latin America and Caribbean aviation industry challenges. ALTA’s newly appointed Executive Director Luis Felipe de Oliveira and IATA’s Director General Alexandre de Juniac met in Geneva at […]
