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Solid Profits Despite Rising Costs

Business & Lifestyle Publishing

The International Air Transport Association (IATA) announced its expectation for airlines to achieve a collective net profit of $33.8 billion (4.1% net margin) in 2018. This is a solid performance despite rising costs, primarily fuel and labor, but also the upturn in the interest rate cycle. These rising costs are the main driver behind the downward revision from the previous forecast of $38.4 billion in December 2017. In 2017 airlines earned a record $38.0 billion (revised from the previously estimate of $34.5 billion). Comparisons to this, however, are severely distorted by special accounting items such as one-off tax credits which … Continue reading Solid Profits Despite Rising Costs

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Strengthen Economic Regulation of Australia’s Airports

Business & Lifestyle Publishing

The International Air Transport Association (IATA) has called for economic regulation of airports in Australia to be strengthened.   “At a time when we have an infrastructure crisis globally, Australia has a good story to tell. The plans for a new airport at Badgerys Creek are encouraging, as are efforts for cooperation between civil and military authorities to more efficiently use airspace.  But we need to take a serious look at airport charges. Last year the Australian Competition and Consumer Commission raised concerns about the effectiveness of Australia’s price monitoring regulatory regime for airport charges. They were not convinced that … Continue reading Strengthen Economic Regulation of Australia’s Airports

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UAE General Civil Aviation Authority signs an Air Services Agreement with the Republic of Kiribati

Business & Lifestyle Publishing

The Government of the United Arab Emirates and the Government of the Republic of Kiribati initiated an Air Services Agreement between the two Sides on the 21stof May. The UAE Delegation was led by Mr. Omar Bin Ghaleb, Deputy Director General, General Civil Aviation Authority and the Kiribati delegation was led by the Honorable Minister, Mr. Willie Tokataake, Ministry of Information, Communication, Transport and Tourism Development, who both signed a Memorandum of Understanding and initiated the ASA on behalf of their Governments. His Excellency Saif Mohammed Al Suwaidi, Director General of the General Civil Aviation Authority said, “This agreement is … Continue reading UAE General Civil Aviation Authority signs an Air Services Agreement with the Republic of Kiribati

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Russian Helicopters of Rostec Presents Light Multirole VRT500 Helicopter for the First Time

Business & Lifestyle Publishing

Russian Helicopters (part of Rostec State Corporation) presented for the first time the light multirole VRT500 helicopter developed by the VR-Technologies design office in cooperation with the international engineer team at HeliRussia-2018, the International Helicopter Industry Exhibition. The VRT500 will become the … Continue reading Russian Helicopters of Rostec Presents Light Multirole VRT500 Helicopter for the First Time

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AIR SEYCHELLES INCREASES JOHANNESBURG FLIGHTS TO SIX PER WEEK

Business & Lifestyle Publishing

Air Seychelles, the national airline of the Republic of Seychelles has announced that it will increase the frequency of its services between Seychelles and Johannesburg to six flights per week starting from Tuesday, 3 July, 2018. The new service has … Continue reading AIR SEYCHELLES INCREASES JOHANNESBURG FLIGHTS TO SIX PER WEEK

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Lufthansa Group and Travix announce NDC partnership

Business & Lifestyle Publishing

Lufthansa Group and Travix intensify longstanding partnership with joint approach on NDC under the Airline Group’s upcoming NDC Partner Programme  Travix customers will benefit from access to Lufthansa Group NDC Smart Offer  Improved display of all Lufthansa Group offers on Travix’ brands CheapTickets, BudgetAir, Vliegwinkel, Vayama and Flugladen in all countries   The Lufthansa Group and Travix have signed a multi-year agreement connecting one of the leading global online travel agencies directly to the Lufthansa Group’s own NDC Offer & Order Management System. The enhanced cooperation that will be part of the Lufthansa Group’s NDC Partner Programme will provide a … Continue reading Lufthansa Group and Travix announce NDC partnership

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Passenger Demand Accelerates in March, Load Factor Sets Another Record

Business & Lifestyle Publishing

The International Air Transport Association (IATA) announced global passenger traffic results for March 2018 showing that demand (measured in revenue passenger kilometers, or RPKs) rose 9.5%, compared to the same month a year ago, the fastest pace in 12 months. Capacity (available seat kilometers, or ASKs) grew 6.4% and load factor climbed 2.3 percentage points to 82.4%, which set a record for the month, following on the record set in February. All regions except for the Middle East posted record load factors. “Demand for air travel remains strong, supported by the comparatively healthy economic backdrop and business confidence levels. But … Continue reading Passenger Demand Accelerates in March, Load Factor Sets Another Record

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Lufthansa Group continues successful development in the first quarter of 2018

Business & Lifestyle Publishing

−   Adjusted EBIT improves slightly year-on-year to EUR 26 million −   Network Airlines and Lufthansa Cargo with significant margin improvements −   Lufthansa achieves its best first-quarter margin in ten years, SWISS posts new record result −   Eurowings result burdened by one-off integration costs −   Unit revenues increase; unit costs further decrease −   Full-year Adjusted EBIT guidance confirmed The Lufthansa Group continues its successful path in the first quarter of 2018, and has started well into the new year. The Group’s Network Airlines increased their Adjusted EBIT margin significantly by 3.2 percentage points to 2.4 per cent in what is traditionally … Continue reading Lufthansa Group continues successful development in the first quarter of 2018

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Emirates recognised with four gongs at Business Traveller Middle East Awards 2018

Business & Lifestyle Publishing

  Airline scoops Best Airline Worldwide, Airline with the Best Business Class, Best First Class Airport Lounge in the Middle East and Airline with the Best Cabin Crew   Emirates won four accolades last night at the Business Traveller Middle … Continue reading Emirates recognised with four gongs at Business Traveller Middle East Awards 2018