Tag: airline industry

How Blockchain Technology Can Improve the Airline Industry

Reading Time: 2 minutes The airline industry – a data intensive industry with complex procedures and requirements – has much to gain from blockchain technology, an analysis from consulting firm Accenture reveals. Using cryptographic techniques and a distributed messaging protocol, a blockchain provides shared ledgers that decentralize reconciliation-based processes. Blockchain technologies differ from traditional technologies in that they are […]

Latin America To Be The Next Stop For Norwegian

Reading Time: < 1 minute Fast-expanding low-cost carrier (LCC) Norwegian is examining the possibility of setting up operations in Argentina. While cautioning that discussions were still at an early stage, the Scandinavian carrier confirmed Dec. 20 that it was looking at the possibility of setting up one or more bases in the South American nation, which has the continent’s third-largest […]

Another Strong Year for Airline Profits in 2017

Reading Time: 6 minutes The International Air Transport Association (IATA) announced that it expects the global airline industry to make a net profit in 2017 of $29.8 billion. On forecast total revenues of $736 billion, that represents a 4.1% net profit margin. This will be the third consecutive year (and the third year in the industry’s history) in which […]