Whether it was caused by Brexit, the American presidential election, or the hostilities in Syria, the spectre of economic uncertainty permeated the global economy and the aviation sector throughout 2016. The increased rhetoric about protectionist policies in some Western countries also threatens the trend toward increased air service liberalization, otherwise known as Open Skies. Yet, aviation is characterized by its ability to adapt and recover from adversity irrespective of the … [Read more...] about Strong year for aviation despite terrorism, geopolitics and economic uncertainty
ANALYSIS
Asia Pacific Airlines traffic results for January 2017
Preliminary traffic figures for the month of January released by the Association of Asia Pacific Airlines (AAPA) showed a good start to the year, with further growth in both international air passenger and air cargo markets. For the region’s carriers, the increase in leisure travel demand leading up to the Lunar New Year festive period helped underpin 7.7 percent growth in international air passenger numbers to a total of 26.8 million for the month. Demand in revenue … [Read more...] about Asia Pacific Airlines traffic results for January 2017
Traffic growth and airline profitability were highlights of air transport in 2016
Preliminary figures released by the International Civil Aviation Organization (ICAO) indicated that the total number of passengers carried on scheduled services reached 3.7 billion in 2016, a 6.0 per cent increase over last year. The number of departures rose to approximately 35 million globally, and world passenger traffic, expressed in terms of total scheduled revenue passenger-kilometres (RPKs), posted an increase of 6.3 per cent, with approximately 7,015 billion RPKs performed. … [Read more...] about Traffic growth and airline profitability were highlights of air transport in 2016
IATA airlines financial monitor – January 2017
Key points from January report: The initial financial results for Q4 2016 indicate a continued solid performance for the air transport industry, albeit with ongoing signs that momentum in the profitability cycle has weakened. Global airline share prices began the year on a positive note, rising 1.5% in January and a healthy 6.8% over the past year. However, the industry has lagged the overall performance of global equities on both measures. Brent crude oil … [Read more...] about IATA airlines financial monitor – January 2017
IATA cargo chartbook – Q4 2016
IATA has released the latest quarterly cargo market analysis. Key points: Industry wide FTKs grew 3.8 percent in 2016, the second highest growth rate since the 2010 rebound after the GFC Global economic growth is expected to accelerate moderately in 2017, however world trade remains fragile But expansion in export orders and strong consumer confidence may boost air cargo demand Air cargo profitability outlook under strain due to flooding-in of capacity and … [Read more...] about IATA cargo chartbook – Q4 2016
Air cargo ends 2016 on a positive note
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs) grew by 3.8 percent in 2016 compared to 2015. This was nearly double the industry’s average growth rate of 2.0 percent over the last five years. Freight capacity, measured in available freight tonne kilometers (AFTKs), increased by 5.3 percent in 2016. All regions, with the exception of Latin America, experienced … [Read more...] about Air cargo ends 2016 on a positive note
