Passenger Traffic Demand Improves In March

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Published: May 5, 2017

May 4, 2017 Global passenger traffic demand rose 6.8 percent in March, IATA said in its monthly Air Passenger Market Analysis. The International Air Transport Association report said lower air fares and improved global economic conditions contributed to the improvement. Asia Pacific topped the regional list with a 10.7 percent increase in revenue passenger kms […]

Atlas Air Dips Into Red In First Quarter

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Published: May 4, 2017

May 3, 2017 Atlas Air Worldwide edged into the red in its first quarter, posting a net loss of USD$ 752,000. A loss on financial instruments of $ 5.2 million related to outstanding warrants was the primary cause of the Q1 loss, Atlas said. The parent of cargo carriers Atlas Air, Polar Air Cargo and […]

Air Freight Demand Growth Strongest Since 2010

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Published: May 4, 2017

May 3, 2017 Global air freight demand jumped 14 percent in March, the fastest rate of growth since October 2010, IATA said in its monthly update. All regions showed increases, except for Latin America, with Europe, the Middle East and Asia Pacific growth particularly strong. Africa posted the strongest percentage increase, 33.5 percent, but from […]

Embraer Profit Down As Deliveries Drop

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Published: May 4, 2017

May 2, 2017 Embraer reported a first quarter net profit drop of almost 60 percent as aircraft deliveries fell by a quarter. Revenue was down 21.6 percent to USD$ 1.03 billion in what is seasonally a quiet period for deliveries. Operating costs were down 16.8 percent at $ 871.8 million, giving a $ 154.5 million […]

Embraer Profit Down As Deliveries Drop

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Published: May 3, 2017

May 2, 2017 Embraer reported a first quarter net profit drop of almost 60 percent as aircraft deliveries fell by a quarter. Revenue was down 21.6 percent to USD$ 1.03 billion in what is seasonally a quiet period for deliveries. Operating costs were down 16.8 percent at $ 871.8 million, giving a $ 154.5 million […]

Westjet First Quarter Net Drops, Orders 10 787s

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Published: May 3, 2017

May 2, 2017 WestJet Airlines announced a 45 percent drop in first quarter net profit as fuel costs increased by over 40 percent. Net earnings for the quarter to end March were CAD$ 48.3 million (USD$ 35.2 million), down from the previous year period’s CAD$ 87.6 million. Revenue came in at CAD$ 1.11 billion in […]

Alitalia In Administration, Govt. Approves Loan

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Published: May 3, 2017

May 2, 2017 Alitalia has applied for special administration after employees last month voted to reject the airline’s latest rescue plan. Under the “amministrazione straordinaria” (extraordinary administration) the Italian government has appointed three commissioners to manage the airline. It wants the commissioners to preserve the value of the company either through restructuring or by a […]

Alitalia In Administration, Govt. Approves Loan

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Published: May 3, 2017

May 2, 2017 Alitalia has applied for special administration after employees last month voted to reject the airline’s latest rescue plan. Under the “amministrazione straordinaria” (extraordinary administration) the Italian government has appointed three commissioners to manage the airline. It wants the commissioners to preserve the value of the company either through restructuring or by a […]

Australian Government To Build Second Sydney Airport

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Published: May 2, 2017

May 2, 2017 The Australian government said it will develop a second airport for Sydney after the operator of the existing airport passed up its right to build the new airport. Sydney Airport Holdings, the operator of Sydney’s Kingsford Smith airport, has the right of first refusal to build the new airport at Badgerys Creek, […]

Australian Government To Build Second Sydney Airport

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Published: May 2, 2017

May 2, 2017 The Australian government said it will develop a second airport for Sydney after the operator of the existing airport passed up its right to build the new airport. Sydney Airport Holdings, the operator of Sydney’s Kingsford Smith airport, has the right of first refusal to build the new airport at Badgerys Creek, […]

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