Premium air travel growth slowed in September, with overall international premium traffic increasing 3.3% year-over-year, but weakening compared to August’s 8.6% surge, according to IATA’s September Premium Traffic Monitor.
Brazilian low-cost carrier GOL posted a third-quarter net loss of BRL197 million ($87.3 million), narrowed from a net loss of BRL309.4 million in the year-ago quarter, and an improvement on the carrier’s net loss of BRL433 million in this year’s second quarter.
LATAM Airlines Group—the merger created between Santiago de Chile-based LAN Airlines and Brazil’s TAM Airlines—reported a third-quarter net profit of $52.1 million, reversed from a $49.2 net loss in the year-ago quarter.
While recent trends of strong air travel demand continue, IATA has reported a “slight slowdown” in global passenger traffic in September, with overall RPKs rising 5.5% year-over-year and capacity increasing 5.3%, delivering a total market load factor of 80.3%.
The collective market value of publicly traded airlines worldwide has more than doubled since 2009, but is still below pre-2008 financial crisis levels, according to a top industry stock analyst....More