IATA slightly improved its 2013 financial outlook for the world’s airlines in March, citing strong passenger demand and signs that cargo markets are starting to grow again.
IATA now expects airlines to produce a combined net post-tax profit margin of 1.6%, up from the previously forecast 1.3%, with a net post-tax profit of $10.6 billion, up from the previously projected $8.4 billion....More
As ceremonies go, despite being led by a man with a very French name and accent, Airbus president and CEO Fabrice Brégier’s July 2 announcement that his company will build a final assembly factory in Alabama could not have been more American. The red, white and blue was everywhere; balloons and confetti rained down reminiscent of a US political rally, and even the company name was given the Stars and Stripes treatment, to emphasize the “US” in Airbus....More
Generating ancillary revenue is now an entrenched component of the global airline business, likely enabling carriers to avoid steep losses even as the economy sputters. The question the industry is now asking itself: How far can we go? Is there a limit at which consumer backlash against a particular fee, or a range of fees, outweighs the benefits of unbundled pricing?...More
The US should look to what’s happening at airports worldwide and think bigger and more strategically about how its airports can best raise the investments necessary to keep them competitive on a global scale, the head of the Airports Council International said Monday....More
Governments must put more political will into sorting out air traffic management mega-projects and also addressing the political issue of finding a global agreement for emission market-based-measures (MBMs), the head of IATA said Monday....More
Airbus, Air Canada and BioFuelNet Canada have formed a partnership to assess Canadian solutions for the production of sustainable jet fuels with a long-term goal of supplying Air Canada....More
US regional airlines are increasingly concerned about a potential pilot shortage that could curtail their growth or even force carriers to decrease capacity....More
Preliminary results of a pilot fatigue study conducted by Washington State University (WSU) show there is a “small difference” between the fatigue level of pilots conducting multi-segment operations and those flying a longer single segment....More
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