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emfizz.com January 17, 2018


IATA says Middle East airline net profit will double in 2018

06 December 2017, 12:35 | Jan Cross

US airlines to scoop almost half of global profit in 2018

Global passenger traffic up 7.2pc in Oct: IATA

Asia-Pacific airlines will achieve record levels of profitability next year as strong global economic growth, higher ticket prices and more travellers than ever before boosted carriers' bottom lines, the industry's trade body revealed on Tuesday. Meanwhile, airlines in the Asia-Pacific region witnessed an increase in freight volumes by 4.4 percent, and the capacity expanded by 3.9 percent in October 2017, compared to the same period a year ago.

This was later lifted but there is still the prospect of a travel ban by US President Donald Trump that is making its way through the American courts.

In North America, traffic rose 3.7pc in October, better than the 3pc growth recorded in September when hurricanes affected travel plans.

In terms of revenue per passenger kilometres (RPK), airlines are expected to see a 6% growth in 2018 compared with a 5.7% expected increase in available seat kilometres (ASK).

IATA said there "continues to be indications" that inbound U.S. travel is being deterred by the additional security measures now involved when travelling to the country.

Latin American airlines had an 8.7% increase in traffic in October, which was a slowdown from September growth of 10.7%, but still the second strongest percentage growth among regions.

"But remember, 2017 was a bad year, so challenges remain", de Juniac told Gulf News on the sidelines of the conference.

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For the first time, more than four billion passengers will be travelling this year, according to the aviation watchdog, and that number is expected to go up to 4.3 billion next year.

However, according to ITA senior economist David Oxley, the broader upward trend in seasonally adjusted traffic demand has slowed over the year. "This reflects the nature of global travel in the region, which is predominantly short-haul and hence, highly price-sensitive".

That's ahead of 7.7 percent in Brazil, 6.1 percent in Russian Federation and 5.3 percent in the USA.

The robust performance would equal the highs of 2015, led by three state-owned Chinese airlines and despite the difficulties faced by two of the region's most prominent carriers, Cathay Pacific Airways and Singapore Airlines.

Capacity rose 3.4%, and load factor jumped 2.7 percentage points to 70.9%.

Brazil's domestic market climbed 7.7% year-on-year in October, which was a 27-month high as the economy slowly continues to recover from the deep recession of recent years.

While the total number of reported incidents previous year actually fell by nearly 10 percent to 9,837, the portion that were deemed a higher risk increased from 2015.



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