IATA predicts almost a USD30 billion revenue loss in 2020 for airlines with the Asia-Pacific region taking the biggest hit from coronavirus

The Civil Aviation Administration of China (CAAC) has reported this week that the country’s airports handled a record 1.35 billion passengers in 2019, a +6.9%…..

Slowing demand and rising costs are putting a squeeze on airline profits

The International Air Transport Association (IATA) has announced a downgrade of its 2019 outlook for the global air transport industry to a USD28 billion profit,…..

International premium class demand and yields have slipped, but premium fare growth outpaced economy fare increases across almost all global markets in early 2019

New data from International Air Transport Association (IATA) highlights that the premium passenger share of global demand slipped during the first two months of the…..

‘We’re in a downturn, but it is the best downturn we’ve ever had (so far)!’ Has the airline profitability bubble burst?

easyJet and Ryanair may have European-centric networks, but they are world-renowned brands having successfully surfed the LCC wave to ranked among the world’s largest operators……

Qantas sees its share of corporate travel revenue hit its highest level in three years as Group reports continued revenue growth in 3Q2019

Australia’s flag carrier Qantas has seen its overall market share of corporate travel revenue increase by 2.5 percentage points in 3Q2019 to its highest level…..

Should we prepare for more airline closures? Europe’s big five take more than half of region’s air travel market as smaller airlines struggle for share

The airline sector as historically been a competitive marketplace where only the strongest can survive. While LCCs may have initially arrived as the disruptors, many…..

Air New Zealand enjoys second highest profit ever in FY2018, but disruption will leave its mark in FY2019

Air New Zealand’s earnings before taxation totalled NZD540 million (USD360 million) in FY2018 – a 2.5% increase year-on-year and the second highest profit in the…..

Record underlying AUD1.6 billion profit recorded in Qantas’ FY2018 earnings

Qantas has published its FY2018 results with a record underlying profit of AUD1.6 billion (USD1.18 billion), an increase of 14.5% year-on-year and 5% higher than…..

Fitch: Solid airport traffic trends, but trade tiffs spur uncertainty

US ratings agency Fitch believes solid airport traffic airport performance posted by US airlines in 1H2018 should continue for the remainder of the year, albeit…..

Virgin Australia releases FY2017 results reporting an improvement in underlying performance

Virgin Australia released its Full Year 2017 financial results today, which included information on profit, loyalty programme, and outlook for FY2018. Results: Virgin Australia Group…..

Video Analysis: Qantas releases FY2017 results, records 2nd highest underlying profit in its history

Qantas Group released its Full Year 2017 financial results today, which included information on its fleet, loyalty programme and outlook for FY2018. Qantas today reported…..