Reading Time: 2 minutes Under pressure Qatar Airways today released its 2016-2017 annual report revealing a 21.7 per cent year-on-year net profit increase. The results also show an annual revenue increase of 10.4 per cent. Qatar Airways’ available seat kilometres (ASK) increased by 21.9 per cent in the fiscal year to 185,208 million. Chief executive, Akbar Al Baker, said: […]

Reading Time: 2 minutes Singapore Airlines may consider cutting staff numbers, CEO Goh Choon Phong told reporters at the International Air Transport Association meeting in Cancun, Mexico, this week. The revelation comes after a surprising Q4 net loss of SGD138 million (USD100 million) which saw operating profits for the 2016-17 financial year down 8.5% to SGD623 million (USD451 million). […]

Reading Time: 7 minutes The International Air Transport Association (IATA) revised its 2017 industry profitability outlook upwards. Airlines are expected to report a $31.4 billion profit (up from the previously forecast $29.8 billion) on revenues of $743 billion (up from the previously forecast $736 billion). “This will be another solid year of performance for the airline industry. Demand for […]

Reading Time: < 1 minute Avia Solutions Group, an international, publicly traded aviation holding company with over 20 subsidiaries worldwide, has recorded €306 million revenue in 2016, a 33% increase from the 2015. Group’s net profit more than doubled to €8,1 million. The growth of the Group’s operations was largely driven by its increasing presence in the Asian aviation market […]

Reading Time: 6 minutes Ryanair, Europe’s No. 1 airline, reported a 6% increase in full year net profit to €1.316bn. The combination of a 13% cut in average fares, coupled with Year 3 of the “Always Getting Better” (AGB) programme delivered 13% traffic growth to 120m customers, and an industry leading 94% load factor. Unit costs fell by 11% […]

Reading Time: 4 minutes The Company’s operating and financial information is presented, except where otherwise stated, on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented is for the quarters ended March 31, 2016 (1Q16), December 31, 2016 (4Q16) and March 31, 2017 (1Q17), are derived from the unaudited financial statements, except […]

Reading Time: 2 minutes The day after Boeing announced a Q1 19% rise in profits, Airbus has announced a fall in adjusted operating profit of 51%, to €240m for Q1 2017. Revenue increased 7% to just under €13bn and while analysts had predicted a loss, the 52% drop was appreciably greater than the 31% anticipated. Airbus shares fell by […]

Reading Time: < 1 minute For the first quarter of 2017, United Airlines reported that revenue was US$8.4bn, an increase of 2.7% year-over-year. First-quarter 2017 consolidated pssenger revenue per available seat mile (PRASM) was flat and consolidated yield increased 0.4% compared to the first quarter of 2016. Operating expense was US$8.1bn in the first quarter, up 7.9% year-over-year. Excluding special […]

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), […]

Reading Time: < 1 minute Frankfurt airport operator Fraport said it had mixed financial results in a challenging business environment in its interim report for the first quarter of 2016. With passenger traffic still growing – up 3.3% year-on-year, Fraport achieved higher revenue from airport and infrastructure charges as well as from aircraft handling, but this was offset by a […]