Reading Time: 6 minutes The International Air Transport Association (IATA) forecasts global industry net profit to rise to $38.4 billion in 2018, an improvement from the $34.5 billion expected net profit in 2017 (revised from a $31.4 billion forecast in June). Highlights of expected 2018 performance include: A slight decline in the operating margin to 8.1% (down from 8.3% […]

Reading Time: < 1 minute Turkish Airlines has soared back into profitability with $939 million in the third quarter taking the year to date profit to $956 million. The third quarter figures are a record for the Istanbul carrier. The successful 3rd quarter marked a 23 percent increase on total revenues compared to the same period of 2016, reaching USD […]

Reading Time: < 1 minute WestJet announced its second quarter results for 2017, with net earnings of $48.4 million, or $0.41 per fully diluted share, as compared with the net earnings of $36.7 million, or $0.30 per fully diluted share reported in the second quarter of 2016, up 32.0 per cent and 36.7 per cent, respectively. WestJet achieved its 49th […]

Reading Time: 4 minutes Preliminary figures of the International Civil Aviation Organization (ICAO) indicated that the total number of passengers carried on scheduled services reached 3.7 billion in 2016, a 6.0 per cent increase over last year. The number of departures rose to approximately 35 million globally, and world passenger traffic, expressed in terms of total scheduled revenue passenger-kilometres (RPKs), […]