Tag: airline industry

IATA: Airlines’ Profits Set to Soar in 2019

Reading Time: 2 minutes The International Air Transport Association (IATA) forecasts the global airline industry net profit to be $35.5 billion in 2019, slightly ahead of the $32.3 billion expected net profit in 2018 (revised down from $33.8 billion forecast in June). Lower oil prices and solid, albeit slower, economic growth (+3.1%) are extending the run of profits for […]

Gediminas Ziemelis: At Least 5 Medium Size EU Airlines Will Go Bankrupt in 2018-2019

Reading Time: 4 minutes Between 2004 and 2015, the US airline industry saw 11 major air carriers merge into 4. This massive consolidation took place as a response to industry slowdowns and from the lack of ability on the airlines part to generate a profit. As the dust settled, the remaining airlines have learned from their past and are […]

United Airlines’ First 737 MAX 9 Takes Flight from Houston

Reading Time: 2 minutes United Airlines became the first North American carrier to operate the fuel efficient Boeing 737 MAX 9 aircraft. The brand new plane entered service as United flight 686 between United’s hub at Houston George Bush Intercontinental Airport and Orlando International Airport in Florida. The MAX is also scheduled to operate flights today between Houston and […]

A New Era of Narrow Bodies to Revolutionize Long Distance Travel

Reading Time: 4 minutes The growth of commercial air transportation has ushered in new trends in how people travel, and with it, new sub-industries have emerged. The airline transportation market is growing at an unprecedented rat. In 2016, for instance, airlines carried a 7% increase in passengers over 2015. With new passengers comes new demands. Because of this growth, […]

Governments Urged to Address Airline Blocked Funds

Reading Time: 1 minute The International Air Transport Association (IATA) called on governments to abide by international agreements and treaty obligations to enable airlines to repatriate revenues from ticket sales and other activities. According to IATA, the amount of airline funds blocked from repatriation totaled $4.9 billion at the end of 2017, which was down 7% compared to year-end […]

Delta Air Lines Offering More Trans-Atlantic Flying Than Ever

Reading Time: 2 minutes This Memorial Day weekend marks the start of Delta’s biggest ever summer on the trans-Atlantic. Some 11 routes – both new and old favorites – will begin over the next couple of days connecting the U.S. and nine countries in Europe. Portugal is proving to be a hot destination for U.S. visitors this summer and […]

Rising Fuel Prices Could Trigger Retirement Jump

Reading Time: 1 minute Rising fuel prices may ground some older aircraft if airlines cut capacity, but most are putting off the decisions until after the peak summer season. “You won’t see a lot of change in the summer schedule as we move forward, but everybody’s looking at the fall schedule,” American Airlines CFO Derek Kerr said at a […]

Xiamen Airlines Takes Delivery of its First Boeing 737 MAX

Reading Time: 2 minutes Xiamen Airlines took delivery of its first Boeing 737 MAX aircraft in Seattle, expanding the fleet to 200 aircraft, and, by doing so, formally entering the pantheon of the world’s largest airlines. The 737 MAX is the best-selling civil aircraft in the history of Boeing, featuring excellent performance, flexibility and efficiency. The 737 MAX can […]

Africa’s Busiest Passenger Air Routes Revealed

Reading Time: 2 minutes The 10 busiest passenger air routes in Africa have been revealed in a new study conducted by Routes. The research has found that the South African domestic flight between Cape Town and Johannesburg’s O.R. Tambo International Airport is the busiest on the continent. More than 4.7 million passengers flew the 1,292 km between the two […]

Ryanair Full Year 2018 Profits Rise 10% to €1.45 Billion

Reading Time: 1 minute Ryanair has reported a 10% increase in full year profit after tax to €1.45bn, as lower fares (down 3%) stimulated 9% traffic growth to over 130m guests and 95% load factor. Average fares last year declined by 3% and traffic grew 9% to over 130m with Germany, Italy and Spain being the 3 largest growth […]