United Continental Holdings, parent of United Airlines, reported a first-quarter net profit of $508 million, including $74 million of special charges, a $1.12 billion year-over-year (YOY) swing to profitability from the company’s $609 million net loss in the 2014 March quarter.
The worldwide air freight market saw an impressive but temporary spike in February, as collective cargo volumes jumped 11.7% year-over-year (YOY), up 8.5 points from January, according to IATA’s February Air Freight Market Analysis.
Air passenger traffic increased 6.2% year-over-year (YOY) worldwide in February—a significant improvement over January’s 4.5% YOY growth—according to IATA’s February Air Passenger Market Analysis report.
In February, 16 US domestic flights experienced tarmac delays exceeding three hours and eight international flights reported a tarmac delay on US soil exceeding four hours, according to the April Air Travel Consumer Report released by the US Department of Transportation’s (DOT) Bureau of Transportation Statistics (BTS).
The International Transport Workers’ Federation (ITF) has warned that various Latin American airports may see possible strike action over the upcoming Easter holiday period and beyond, due to labor conflicts in Argentina, Chile, Colombia and Ecuador.
Global combined premium and economy international traffic increased 3.7% year-over-year (YOY) in January, with economy class traffic providing the bulk of the month’s growth, according to IATA’s January Premium Traffic Monitor.
Air freight volumes worldwide were up 3% year-over-year (YOY) in January, as approximately 5.5 million metric tonnes of cargo were shipped by air in January—a YOY increase of approximately 160,000 metric tonnes from January 2014, according to Airports Council International (ACI).
Full-time-equivalent (FTE) employment at US scheduled passenger airlines grew 1.2% year-over-year (YOY) in January, to a total FTE count of 386,544 personnel, according to the US Department of Transportation’s Bureau of Transportation Statistics (BTS).
US airlines expect that FAA will allow a five-year “grace period” for full compliance with the agency’s 2010 mandate that carriers’ aircraft be Automatic Dependent Surveillance-Broadcast (ADS-B) Out capable by Jan. 1, 2020....More
Airbus, aiming to become a “major” player in A350 aftermarket support, is poised to announce its first long-term agreement with an A350 customer and is in talks with several more, a company executive said....More