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IATA: Global passenger travel market growth at 4.7% year-to-date

IATA: Global passenger travel market growth at 4.7% year-to-date | Airline Industry | Scoop.it
Global international passenger traffic increased 4.5% year-over-year (YOY) in October, according to IATA’s October Premium Traffic Monitor.
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Airlines feel the impact as Chinese tourism preferences shift from Southeast Asia to Northeast Asia

Airlines feel the impact as Chinese tourism preferences shift from Southeast Asia to Northeast Asia | Airline Industry | Scoop.it
The much-celebrated growth of Chinese tourism is not occurring evenly. An additional 3.8 million Chinese visitors travelled to core Northeast and Southeast Asia in 2014 compared to 2013, representing 19% growth.
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IATA increases 2015 airline industry profit forecast by 47%

IATA increases 2015 airline industry profit forecast by 47% | Airline Industry | Scoop.it
IATA has boosted its forecasted 2015 collective net profit for the world’s airlines to $29.3 billion, up 47.2% over a net profit of $19.9 billion projected by the organization in December 2014.
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Cathay Pacific's Ivan Chu to be oneworld Governing Board Chairman

Cathay Pacific's Ivan Chu to be oneworld Governing Board Chairman | Airline Industry | Scoop.it
“Ivan Chu, Chief Executive of Cathay Pacific Airways, has been nominated by the Governing Board ofnbsp;oneworldreg;, the leading global airline alliance, to serve as its Chairman for the year...”
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AAPA chief sees better year for Asian airlines, but still a tough market

AAPA chief sees better year for Asian airlines, but still a tough market | Airline Industry | Scoop.it
“Airlines in the Asia-Pacific region will definitely see financial improvements this year compared with 2014, but it’s still tough-going despite the region’s continued growth. read more”
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Cathay Pacific Airways' long-haul growth could provoke Asian airline consolidation; ANA and SIA?

Cathay Pacific Airways' long-haul growth could provoke Asian airline consolidation; ANA and SIA? | Airline Industry | Scoop.it
“Locally in Hong Kong, Cathay Pacific has been in a rotating series of staff disputes with threats of work stoppages. But elsewhere in Asia competitor airlines have cast a worrying glow over Cathay and its long-haul growth.”
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Air Canada and WestJet maintain supply growth targets as unit revenues trend down

Air Canada and WestJet maintain supply growth targets as unit revenues trend down | Airline Industry | Scoop.it
“Canada’s two major airlines have adopted divergent - but ultimately converging - paths during the last few years to lay the foundation for expanding margins and ensure sustained positive financial results.”
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IATA: Air passenger traffic remains robust, up 7.4% YOY in March

IATA: Air passenger traffic remains robust, up 7.4% YOY in March | Airline Industry | Scoop.it
Global air passenger traffic grew 7.4% year-over-year (YOY) in March as Asia-Pacific holiday travel related to the Lunar New Year continued beyond February, according to IATA’s March Air Passenger Market Analysis report.
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Boeing Delivers 50th Extended Range Aircraft to Cathay Pacific Airways

Boeing Delivers 50th Extended Range Aircraft to Cathay Pacific Airways | Airline Industry | Scoop.it
The Boeing 777-300ER extended range airplane is the top plane in its class, and Cathay Pacific Airways has added another to its fleet.
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IAG's first ever 1Q operating profit marks further progress towards its long term targets

IAG's first ever 1Q operating profit marks further progress towards its long term targets | Airline Industry | Scoop.it
While IAG's major competitors are confronted with precarious labour and financial situations, the Group continues its strong march towards profitability. Its 1Q2015 results provided a first ever positive operating profit in the seasonally weak 1Q.
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China Eastern's LCC China United is expected to start international flying, challenging Air China

China Eastern's LCC China United is expected to start international flying, challenging Air China | Airline Industry | Scoop.it
“China Eastern Airlines is taking the lead amongst the country's state-owned carriers in developing an LCC presence.”
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Cathay Pacific begins the next chapter of growth – Aspire Aviation

Cathay Pacific begins the next chapter of growth – Aspire Aviation | Airline Industry | Scoop.it
Unrealised mark-to-market fuel hedging loss totalled HK$14.3 billion Forex gains narrowed reduction in cashflow hedges to HK$12.48 billion 61% hedged at US$95/bbl Brent in 2015; 60% at US$85 in 16, 50% at US$89 in 17 & 37% at US$82 in 18 Cathay Pacific to replace part of Airbus A330-300 fleet with A350-900s: sources "Displace &…
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Commission opts for third runway at London Heathrow Airport

Commission opts for third runway at London Heathrow Airport | Airline Industry | Scoop.it
London’s Heathrow airport should be the site for the much-needed extra runway capacity in London and the South East UK, according to an official report.
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Philippine Airlines will renew its long haul fleet with more 777-300ERs and potentially A350-900s

Philippine Airlines will renew its long haul fleet with more 777-300ERs and potentially A350-900s | Airline Industry | Scoop.it
“Philippine Airlines (PAL) is leasing two additional 777-300ERs and is looking to acquire four to six new-generation widebody aircraft, most likely A350-900s.”
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Airline Profitability Strengthens Further Major Contrasts in Regional Performance

Airline Profitability Strengthens Further  Major Contrasts in Regional Performance | Airline Industry | Scoop.it
“The International Air Transport Association (IATA) announced an upward revision of its 2015 industry outlook to a $29.3 billion net profit. On expected revenues of $727 billion, the industry...”
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Skymark Airlines could be a Delta target as Airbus & Intrepid oppose an ANA-led restructure

Skymark Airlines could be a Delta target as Airbus & Intrepid oppose an ANA-led restructure | Airline Industry | Scoop.it
“It was not Japanese aviation's proudest day when All Nippon Airways was selected to sponsor the re-rehabilitation of bankrupt Skymark Airlines, the country's third-largest airline.”
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Malaysia Airlines begins to implement job and network cuts. Outlook remains challenging

Malaysia Airlines begins to implement job and network cuts. Outlook remains challenging | Airline Industry | Scoop.it
“Malaysia Airlines (MAS) is finally starting to implement a long overdue restructuring aimed at restoring profitability through capacity reductions, job cuts and efficiency improvements.”
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China airline growth: 57% international surge while domestic holds up and Hong Kong/Macau fall

China airline growth: 57% international surge while domestic holds up and Hong Kong/Macau fall | Airline Industry | Scoop.it
“As questions reverberate about China's economy and slowing growth, what are the impacts to Chinese aviation, home to the world's second-largest domestic market?”
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Malaysian Airline Systems outlines new business strategy

Malaysian Airline Systems outlines new business strategy | Airline Industry | Scoop.it
The new Malaysian flag carrier set to be raised from the assets of Malaysia Airlines (MAS) has outlined a major change of strategy, and hinted at swinging management cuts in addition to the 8,000 staff job cuts announced earlier this week.
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Cathay Pacific releases combined traffic figures for April 2015

Cathay Pacific releases combined traffic figures for April 2015 | Airline Industry | Scoop.it
“Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for April 2015 that show an increase in both the number of passengers carried and the cargo and mail...”
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Cathay Pacific Launches Flights Between Boston And Hong Kong, Expanding North American Gateways To Eight

Cathay Pacific Launches Flights Between Boston And Hong Kong, Expanding North American Gateways To Eight | Airline Industry | Scoop.it
Cathay Pacific Airways yesterday launched a new four-times-weekly service from Boston Logan International Airport to Hong Kong with a first flight celebration that included a traditional lion dance and traditional roast pig cutting ceremony, which is meant to bless and wish the new flight good luck. Special guests included Kenneth Brissette, Director of Sports Tourism and Entertainment for the Commonwealth of Massachusetts and Todd Smith, Director of Aviation Operations for Massport.
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Air China, Hainan Airlines post huge profits in 1Q

Air China, Hainan Airlines post huge profits in 1Q | Airline Industry | Scoop.it
Air China and Hainan Airlines have reported significant improvements in their first-quarter earnings due to robust market demand growth and lower fuel prices, according to industry analysts.
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Chinese airlines overtake US carriers across the Pacific. The big dilemma: US-China open skies?

Chinese airlines overtake US carriers across the Pacific. The big dilemma: US-China open skies? | Airline Industry | Scoop.it
There were two prominent themes at CAPA's Americas Aviation Summit in Las Vegas on 27/28 Apr-2015. First was the intensity with which some US airlines fear competing with Gulf carriers, which operate under open skies regimes to the US.
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Unit costs in the US airline industry are highly competitive post-bankruptcy

Unit costs in the US airline industry are highly competitive post-bankruptcy | Airline Industry | Scoop.it
Measured by cost per available seat kilometre (CASK), the unit cost gap between low-cost carriers (LCCs) and full service carriers (FSCs) is narrower in the Americas than in any other major world region, particularly in the US. ...
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