Mostly flat crude oil prices and increasing global production through 2019
British construction company Carillion started bankruptcy procedure
Airbus draws up plans to cut A380 output to six per year
Turkish passenger plane skids off runway, gets stuck on cliff edge
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
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.
Airline Pilots Saw North Korean Missile's Re-Entry, Breakup
Cathay Pacific flight CX893 was making its way over Japan when Pyongyang fired the Hwasong-15 intercontinental ballistic missile. After last week's launch , the rogue state boasted that the weapon was capable of hitting the U.S. mainland.
White House infested with cockroaches, mice, ants
He added that maintenance projects at the White House are especially challenging due to the building's status as a historic site. It certainly looks grand on the outside, but the White House appears to be plagued with cockroaches, mice and ants.
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.
Derrick Rose to return to Cavaliers
Rose's increasing frustration with injuries had caused him to question his desire to continue playing, league sources have said. He suffered his first injury this season to his right ankle on October 20, but returned to the team after missing four games.
Parents grateful school bus crash wasn't worse
The bus was on its morning pick-up route in Liberty County, five miles outside of Glennville, when it crashed around 7 a.m., Lt. The crash happened in Gum Branch, a tiny city of fewer than 300 people about 50 miles (80 kilometres) southwest of Savannah.
Rep. Conyers announces retirement amid harassment claims
Ian Conyers did not go into detail with the Times on the allegations against his family member, but said he would stand with him. The RealClearPolitics average has him up by 1.5 points in the polls, and many-but not all-signs point to his winning the seat.