Jet Airways Group has declared a highest ever annual profit in its history for the year ended March 31, 2016, and thereby achieved return to profitability a year earlier than the target set in its turnaround plan two years ago. The consistently strong financial performance has enabled Jet Airways to reduce its debt by USD 256 million during FY16. Cost per available seat kilometer (CASK) excluding fuel dropped by 3.2% to 4.96 cents in FY16, clearly indicating Jet Airways’ success in achieving operational efficiencies throughout its business. For Q4 of FY16, the company reported a net profit of USD 63 million, compared … Continue reading JET AIRWAYS GROUP DECLARES RECORD ANNUAL PROFIT

The International Air Transport Association (IATA) announced global passenger traffic results for January 2016 showing demand (revenue passenger kilometers or RPKs) rose 7.1% compared to January 2015. This was ahead of the 2015 full year growth rate of 6.5%. January capacity rose 5.6%, with the result that load factor rose 1.1 percentage points to 78.8%, the highest load factor ever recorded for the first month of the year. “January maintained the strong traffic growth trend seen in 2015, showing the resilience of demand for connectivity despite recent turmoil in equity markets. The record load factor is a result of strong … Continue reading Strong Passenger Demand Continues

James Hogan, Marillyn Hewson, Dr Mohammed Al Ahbabi and Bernard Charles To Deliver Keynotes at the Aerospace Summit that starts today I wish I was in Abu Dhabi today as the world’s aviation, aerospace, defence and space leaders have arrived in Abu Dhabi for the Global Aerospace Summit, the third in the biennial series, which runs at Abu Dhabi National Exhibition Centre (ADNEC) from 7-8 March. The Summit is part of the inaugural Abu Dhabi Aviation and Aerospace Week, which is held under the Patronage of His Highness General Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander … Continue reading Global Aerospace Summit Updates