Strong passenger growth in August

October 10, 2017 by  
Filed under Aviation, News

SINGAPORE 10 October 2017: Passenger demand grew  7.2% in August, according to the International Air Transport Association’s latest global traffic data, measured in total revenue passenger km, or RPKs.

At the same time, the upward trend in seasonally-adjusted traffic has eased from that seen at the end of 2016.

August capacity (available seat km or ASKs) increased by 6.3%, and load factor climbed 0.7% percentage points to 84.5%, which was just below the record for the month set in 2015. Read more

IATA: Air travel grows in July

September 21, 2017 by  
Filed under Aviation, News

GENEVA, 21 September 2017: Global passenger traffic in July showed a strong, but moderating demand growth with an increase of 6.8% in revenue passenger km, according to the latest figures from the International Air Transport Association.

All regions reported solid, or better growth, in passenger volumes over the past year. Capacity (available seat km or ASKs) increased by 6.1%, and load factor rose 0.6 percentage points to a July record of 84.7%.

“As is evidenced by the record high load factor in July, the appetite for air travel remains very strong. However, the stimulus effect of lower fares is softening in the face of rising cost inputs. This suggests a moderating in the supportive demand backdrop,” said  IATA’s director general and CEO. Alexandre de Juniac. Read more

Thailand ratifies aviation treaty

August 30, 2017 by  
Filed under Aviation, News, Thailand

BANGKOK, 30 August 2017: Thailand became the 127th country to ratify the Montreal Convention, earlier this month, that identifies an airline’s liability to its customers.

Established in 1999, travellers could be forgiven for thinking Thailand’s airlines were already adhering to all the convention’s facets of customer and passenger care.

According to IATA, the Montreal Convention (MC99) addresses issues that were left uncovered in the Warsaw Convention. Read more

Qatar CEO to chair IATA

August 29, 2017 by  
Filed under Aviation, News, People

DOHA, Qatar, 29 August 2017: Qatar Airways Group chief executive, Akbar Al Baker, has been elected chairman of the Board of Governors of the International Air Transport Association, effective June 2018.

The rotating one-year term will commence at the close of IATA’s 2018 Annual General Meeting in Sydney and will continue until the end of the 2019 AGM.

Al Baker will succeed current IATA BoG chairman, Goh Choon Phong, chief executive officer of Singapore Airlines. Read more

Airlines enjoy robust Q2

August 24, 2017 by  
Filed under Aviation, News

SINGAPORE, 24 August 2017: IATA reports more robust results for airlines during the second quarter of 2017.

Initial airline financial results outlined in IATA’s July Financial Monitor show Q2 2017 turned out better for airlines, suggesting the squeeze on profit margins from higher costs and weak yields peaked in the first quarter of the year.

IATA noted that  passenger yields, having trended downwards since 2013, have now started to trend upwards. Read more

Global air travel demand grows

August 4, 2017 by  
Filed under Aviation, News

GENEVA, 4 August 2017: Demand for global airline travel grew 7.8% in June compared to the year-ago period, the International Air Transport Association (IATA) announced Thursday.

IATA measures growth in total revenue passenger kilometres or RPKs.

Growth in June was similar to the 7.7% increase achieved in May 7.8% and all regions reported improvements. Seat capacity in the month (available seat kilometres or ASKs) increased by 6.5%, and load factor rose 1% to 81.9%. Read more

MH seeks more A330s

June 8, 2017 by  
Filed under Aviation, Malaysia, News

CANCUN, MEXICO, 8 June 2017: Malaysia Airlines is close to signing deals for six or seven second-hand A330 planes for its fleet this year as it seeks to grow international routes amidst good demand for summer bookings, its chief executive told Reuters on the sidelines of the IATA annual general meeting earlier this week.

Malaysia Airlines has been in talks with airlines and leasing companies about bringing in used wide-body planes to replace older aircraft that it currently flies on routes to India, China and Hong Kong.

Earlier in the year the airline said it would off-load six Airbus A380s or use them for charter and pilgrimage flights and on some high density routes to Japan and South Korea. Currently they are used to fly a double daily service to London. Read more

Qatar leads in baggage tracking

April 19, 2017 by  
Filed under Aviation, Middle east, News

DOHA, QATAR, 19 April 2017: Qatar Airways has become the first airline  to achieve compliance with the International Air Transport Association (IATA) Resolution 753 at its hub in Hamad International Airport (HIA).

The resolution requires airlines to track every piece of baggage from the start of the journey all the way through to its finish.

The certification has been achieved through the airline’s in-house developed baggage management system as well as its real-time integration with the Qatar Airways website and mobile app. Read more

Japan faces aviation challenges

March 10, 2017 by  
Filed under Aviation, News

TOKYO, 10 March 2017: Japan needs to initiate improvements to its airport infrastructure, especially in Tokyo ahead of the country’s hosting of the 2020 Olympics, International Air Transport Association’s CEO stated in presentation earlier this week in Tokyo

Japan has set aggressive targets for attracting international tourist arrivals. In 2016 Japan welcomed some 24 million international tourists.

In the 2020 Olympic year, Japan hopes to welcome 40 million visitors, who are expected to spend some USD70 billion (JPY 8.0 trillion). Read more

2017 promises profits for airlines

December 9, 2016 by  
Filed under Aviation, News

GENEVA, 9 December 2016: The global airline industry is set to make a net profit in 2017 of USD29.8 billion, according to the latest International Air Transport Association forecast released Thursday.

It forecasts revenues of USD736 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 airlines will make a return on invested capital (7.9%). Read more

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