Author: Business & Lifestyle Publishing

A snapshot of all things lifestyle by Island girls Shereen Shabnam and Natasha Dury.
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2020 Worst Year in History for Air Travel Demand

Business & Lifestyle Publishing

The International Air Transport Association (IATA) announced full-year global passenger traffic results for 2020 showing that demand (revenue passenger kilometers or RPKs) fell by 65.9% compared to the full year of 2019, by far the sharpest traffic decline in aviation history. Furthermore, forward bookings have been falling sharply since late December. International passenger demand in 2020 was 75.6% below 2019 levels. Capacity, (measured in available seat kilometers or ASKs) declined 68.1% and load factor fell 19.2 percentage points to 62.8%. Domestic demand in 2020 was down 48.8% compared to 2019. Capacity contracted by 35.7% and load factor dropped 17 percentage … Continue reading 2020 Worst Year in History for Air Travel Demand

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Increased per passenger ancillary revenue offers hope for Wizz Air, says GlobalData

Business & Lifestyle Publishing

Following that Wizz Air’s Q3 2021 financial results showed a year-on-year revenue fall of 76.5% but increased ancillary revenue;  Gus Gardner, Travel and Tourism Analyst at GlobalData, a leading data and analytics company, offers his view: “Wizz Air has, once again, proven its ability to drive ancillary revenues: the lifeblood of the airline. The company has proved it is resilient and reactive in its recovery approach, managing to achieve increases in ancillary revenue per passenger despite traffic levels being at an all-time low.  “Pandemic-concerned passengers are more likely to purchase packages that include baggage and seat selection to ensure a … Continue reading Increased per passenger ancillary revenue offers hope for Wizz Air, says GlobalData

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Etihad Cargo Reports 50% Y-O-Y Rise in Pharma Shipments

Business & Lifestyle Publishing

Carrier operates across more than 1,050 pharma trade lanes and counts 54 dedicated pharma stations in its global network Etihad Cargo, the cargo and logistics arm of Abu Dhabi-based Etihad Aviation Group, has reported a 50 per cent year-on-year rise in pharma shipments under its specialised PharmaLife product. The double-digit annual growth comes as the carrier marks its second anniversary of achieving and operating IATA CEIV certification for pharmaceutical and life science logistics (IATA CEIV Pharma), in conjunction with its hub at Abu Dhabi International Airport and Etihad Airport Services – one of only 24 such certified carriers worldwide. Etihad … Continue reading Etihad Cargo Reports 50% Y-O-Y Rise in Pharma Shipments