IATA: Airlines perform well in October

December 14, 2017 by  
Filed under Aviation, EUROPE, News

GENEVA 14 December 2017: Global passenger traffic in October, measured in revenue passenger kilometres, rose 7,2% according to the latest International Air Transport Association (IATA) results.

IATA reported capacity grew 6.2% and load factor climbed 0.8 percentage points to 80.8%, which was a record for the month.

October’s performance was a strong bounce-back after the hurricane-related disruptions in September. Domestic and international travel growth largely was in balance. Read more

Brexit: Britain cannot avoid EU rules

December 14, 2017 by  
Filed under Aviation, EUROPE, News

BRUSSELS, 14 December 2017: The EU must make Britain’s air industry sign up to the bloc’s environment rules if it wants to keep access to European skies after Brexit, a campaign group warned in a report Wednesday.

Airlines should stay in the EU’s emissions trading scheme and follow rules against subsidies to prevent Britain becoming a “carbon haven”, Brussels-based group Transport and Environment said in the report seen by AFP.

The group — which has had meetings with EU Brexit negotiator Michel Barnier’s task force — warned that without a deal British planes could be unable to land in the bloc the day after the UK leaves. Read more

Ryanair pilots vote to strike

December 13, 2017 by  
Filed under Aviation, EUROPE, News

LONDON, 13 December 2017: Ryanair pilots in Dublin have voted for strike action, the airline confirmed Monday, the latest in a succession of staffing woes for the no-frills carrier.

The unspecified industrial action was backed by less than 28% of around 300 pilots based in the Irish capital for Ryanair, the airline told AFP.

Ryanair added that it had not received formal notification of a strike, and no date for the walkout has been announced. Read more

Airbnb rethinks payment scheme

December 13, 2017 by  
Filed under EUROPE, Hospitality, News

PARIS, 13 December 2017: Airbnb agreed Monday to withdraw a payment system in France, suspected of facilitating tax avoidance, after the government complained it could potentially be used to launder money and lead to a loss in revenues.

The move followed a meeting between the accommodation rental website’s executives and government ministers, including French finance minister Bruno Le Maire, where the company agreed to “rule out any opportunity for open fraud” by using prepaid Payoneer cards.

“The company will waive all use of the prepaid card ‘Payoneer’ on the French market,” said Emmanuel Marill, Airbnb’s France director, in a statement released by the finance ministry. Read more

EU concerns over Air Berlin bid

December 12, 2017 by  
Filed under Aviation, EUROPE, News

BRUSSELS, 12 December 2017: The European Union said Friday it was concerned about the impact on competition of German airline Lufthansa’s plan to take over routes operated by failed rival Air Berlin.

“We have quite deep competition concerns because there is a risk that on some routes Lufthansa becomes de facto a monopoly,” EU competition commissioner Margrethe Vestager said at a news conference.

The warning comes a week after Lufthansa offered concessions to encourage the European Commission to green-light its planned purchase of parts of Air Berlin. Read more

Catalan crisis cuts hotel bookings

December 8, 2017 by  
Filed under EUROPE, Hospitality, News

MADRID, 8 December 2017: Hotel reservations in Barcelona are down by 10% in the first quarter of 2018 over the same time last year due to Catalonia’s separatist crisis, which could lead to job losses in the sector, industry lobby group Exceltur said earlier this week.

If the trend continues “tourism company heads may have to start adjusting the number of their employees to adapt to lower levels of demand,” Exceltur — which groups Spain’s major hotel chains and tour operators — said in a statement.

Hotels expect they would have to reduce their staff by an average of 8.2%, while car rental firms predict they would shrink their payrolls by about 5%, it added. Read more

Online shock for UK travel stores

December 7, 2017 by  
Filed under EUROPE, News

LONDON; 7 December 2017: A sign of the times, Thomas Cook intends to close 50 of its retail travel stores in the UK over the next few months, according to reports in the UK media.

Thomas Cook revealed plans, earlier this week, to close another 50 shops as part of its ongoing review of its retail network that could see up to 400 employees lose their jobs or be shifted to different posts.

The closures will involve around two thirds of all Thomas Cook stores and a third Co-operative Travel the company stated. Read more

IATA offers rosy 2018 forecast

December 7, 2017 by  
Filed under Aviation, EUROPE, News

GENEVA, 7 December 2017: Led by US airlines, net profits in the aviation industry are set to rise by some 11% in 2018, the International Air Transport Association (IATA) said on Tuesday as it presented economic forecasts for the industry.

According to the forecast by the industry’s global trade association, combined net profits will hit USD38.4 billion, from a revised USD34.5 billion in 2017, with US carriers weighing in with almost half.

“Strong demand, efficiency and reduced interest payments will help airlines improve net profitability in 2018 despite rising (operating) costs,” said IATA, whose 280 members account for more than three quarters of global air traffic. Read more

Cancellation crisis hits Ryanair growth

December 6, 2017 by  
Filed under Aviation, EUROPE, News

LONDON, 6 December 2017: Ryanair passenger traffic grew at the slowest pace in three years last month, data from the Irish no-frills airline showed Monday as it weathers a cancellations crisis.

Some 9.3 million passengers flew with Ryanair in November, up 6% compared with the same month a year earlier.

But last month’s increase was the lowest since October 2014 and fell short of 8% expansion in October. Read more

Lufthansa sweetens Air Berlin bid

December 4, 2017 by  
Filed under Aviation, EUROPE, News

FRANKFURT, 4 December 2017: German aviation giant Lufthansa has offered concessions to encourage the European Commission to green-light its planned purchase of parts of bankrupt Air Berlin, the Brussels authority told AFP.

“We have received remedies” from Lufthansa concerning the case, a spokesman said.

As Europe’s highest competition authority, the Commission is examining the impact the German group’s plans would have on the continent’s aviation market. Read more

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