Tag: year in review

Gediminas Ziemelis: 2017 Was Interesting, but 2018 Will Blow our Minds

The air transport industry in 2017 was definitely a ride to remember: travel bans, laptop bans, a handful of bankruptcies, all at the backdrop of unprecedented financial results for airlines. In this end-of-year post, I’d like to go back to several events that made history. This list does not intend to be complete or objective, […]

Ryanair 3Q Profits Dip But Full-Year Figures Unchanged

Ireland-based low-cost carrier (LCC) Ryanair saw its third-quarter profits fall 8% compared to the same period in the previous year, as geopolitical events pushed more capacity into its market and yields fell. The LCC reported net profits of €95 million ($102 million) for the third quarter of its financial year ended Dec. 31, down from […]

Boeing Achieves Strong Delivery Numbers in 2016

Boeing recorded strong commercial delivery numbers in 2016 and achieved several airplane program milestones. The company delivered 748 commercial airplanes. Boeing booked 668 net orders, valued at $94.1 billion at list prices. The backlog at the end of the year stood at 5,715 unfilled commercial orders. Airplane development programs continued to make progress in 2016. […]

Another Strong Year for Airline Profits in 2017

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 […]

Air Serbia Records Strong Passenger and Cargo Growth in 2015

Air Serbia, the national airline of the Republic of Serbia, has delivered strong operational results in 2015, seeing significant growth in passenger and cargo volumes during its second full year of operation. The airline carried 2.55 million passengers last year, representing an 11 per cent increase over 2014, and contributing strongly to the record operational […]

Vietjet Air Reports 34.5% Revenue Increase in 2015

Vietnam-based low-cost carrier (LCC) Vietjet Air reported a 2015 revenue of VND10.9 trillion ($490.7 million), up 34.5% from VND8.1 trillion in 2014. The airline said the revenue increase was achieved “despite increasing challenges in the wake of the ASEAN Open Skies policy.” The result was lower than the VND13.8 trillion forecast at the start of […]

Southwest Posts Record Net Income

Southwest Airlines earned net income of $2.18 billion in 2015, up 92% over a net profit of $1.14 billion in 2014, marking the Dallas-based carrier’s 43rd straight year of profitability. The annual net profit was the best-ever reported by the company—the second straight year it has posted a record net profit. CFO Tammy Romo called […]