Reading Time: 2 minutes Australia’s Qantas unveiled plans for the world’s longest nonstop commercial flight Friday (Aug 25), calling it the “last frontier of global aviation”, as it posted healthy annual net profits on the back of a strong domestic market. The firm, which hopes to fly non-stop from Australia to London and New York by 2022, announced a […]

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 […]