Tag: growth

Three Trends Taking Off in Civil Aviation MRO in 2017

Reading Time: 5 minutes The civil aviation industry is one of the most asset-intensive industries in the world. With parts that are high-cost and low in numbers, even the slightest of improvements in asset functionality and maintenance can yield significant cost and efficiency advantages. Espen Olsen, Business Development and Sales for Aerospace & Defense at IFS explains how two […]

IATA: November Air Freight Demand Reflects Strong Peak Season

Reading Time: 1 minute The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 6.8% in November 2016 compared to the year-earlier period. This was a slight slowdown from the 8.4% annual growth recorded in October 2016 – which was a 20-month high – but was […]

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 […]

Wizz Air Grows Passenger Numbers By 19% in November

Reading Time: 1 minute Wizz Air Holdings Plc (“Wizz Air”) today announces passenger statistics for November 2016. In November 2016, Wizz Air continued to expand its network, strengthen its customer offering and operations with the following announcements: Launch of a new fare category called “WIZZ Go”. Both “WIZZ Go” and “WIZZ Plus” offer customers a discounted package price over […]

Russia’s Passenger Traffic Up 4% in October

Reading Time: 1 minute Russian airlines carried 7.7 million passengers in October, up 4% year-over-year (YOY), according to Russia’s Federal Air Transport Agency, Rosaviatsia. International traffic was down 1.8% to 3 million passengers, while domestic traffic grew 8.2% to 4.6 million passengers. In the January-October period, Russian airlines carried 75.3 million passengers, down 6.8% YOY. Aeroflot carried 24.3 million […]

EU Airports Report Strong Q3 Traffic Growth, With Freight Rebounding

Reading Time: 3 minutes European airport trade association, ACI EUROPE has released its traffic report for September and Q3 2016. This is the only air transport report which includes all types of airline passenger flights to and from Europe: full service, low cost, charter and others. Passenger traffic across the European airport network during the peak summer months – […]

Boeing Reports Third-Quarter Results and Raises Full Year Guidance

Reading Time: 3 minutes The Boeing Company reported third-quarter GAAP earnings per share of $3.60 and core earnings per share (non-GAAP)* of $3.51 reflecting overall solid execution on production programs and services, favorable tax items ($0.98 per share), and timing of aircraft deliveries. Revenue guidance has been increased $500 million to between $93.5 and $95.5 billion on higher commercial […]

Qantas Adds New Route to Japan to Meet Growing Demand

Reading Time: 2 minutes Qantas will launch daily direct flights between Melbourne and Tokyo’s Narita Airport from 16th December 2016, responding to growing demand and marking the next step in its Asian growth strategy. The new route will be operated by an upgraded, two-class A330-300 with 297 seats – the aircraft widely seen as best in class for the […]

Norwegian Flies 3 Million Low-Cost Long-Haul Passengers in Three Years

Reading Time: 2 minutes Norwegian has now flown three million low-cost long-haul passengers between Europe and the U.S. since low-cost transatlantic services began in 2013. Norwegian first launched low-cost flights from Scandinavia to the U.S. in May 2013, followed by services from London to the US beginning in July 2014. Today, the airline offers 37 nonstop routes between Europe […]

Hong Kong Airlines Confirms Order for 9 More A330s

Reading Time: 1 minute Hong Kong Airlines has signed a contract with Airbus for the firm order of nine additional A330-300 aircraft. The aircraft will be operated across a network which links Hong Kong with a wide range of destinations in Asia, and beyond. “Today’s announcement underscores our plan to operate an extensive regional network in Asia,” said Zhang Kui, […]