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Old August 31st, 2010, 08:20 PM   #161
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Mexicana

Among the factors which have contributed Mexicana´s stoppage of flights are:

1. Grupo Mexicana’s fragile financial situation, which has deteriorated further over the last four weeks due to the previous management’s decision to suspend ticket sales, forcing the company to continue operating in the interests of passengers without receiving any revenue.
2. No substantial agreements were reached to give companies in the Group long-term viability.
3. Lack of effectiveness in the insolvency (Concurso Mercantil) process intended to protect additional financial resources available to the company so it could to continue operating.
4. Given the uncertainty of the situation, certain suppliers have begun demanding advanced payment of services that are essential to the airlines’ operations.

http://mexicanainforma.com/cma-informs/

http://homepage.mac.com/helipilot/PP...MexicanaFB.jpg
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Old September 6th, 2010, 07:24 PM   #162
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Air cargo demand to slow from post-recession surge

GENEVA, Sept 6 (Reuters) - Demand for air freight, a leading indicator for the strength of world trade, is set to slow in the rest of 2010 and through 2011, the International Air Transport Association said on Monday.

In a snapshot of the cargo industry, IATA said air freight markets were starting to cool off after a rapid post-recession rebound, with purchasing managers less optimistic and planning to ship fewer goods by air.

"All key indicators for air freight demand are now pointing to slower demand growth in the rest of this year and 2011," the Geneva-based industry group said. "The surge in air freight in Asia and South America is now slowing."

Sea freight is the main competition to air freight, a faster and more expensive way to ship goods.

The need for speedy deliveries when the global economy began to rebound boosted air freight in 2009 and early 2010, according to IATA, whose members include British Airways , United Airlines and Cathay Pacific and freight specialists such as FedEx and UPS Airlines .

"That process appears to be coming to an end," it said of the surge in demand, forecasting growth of air freight would slow to 6-7 percent in annualised terms later this year and in 2011.

Many high-tech products such as laptops are increasingly being shipped by ocean not air, but semi-conductors are still being flown to their final destination, the IATA report said.
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Old September 15th, 2010, 08:36 PM   #163
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Business airfares rise, helping airlines - IATA
15 September 2010

GENEVA, Sept 15 (Reuters) - Airline balance sheets have improved this year in part because of a sharp increase in business class fares, an industry group said on Wednesday.

The International Air Transport Association (IATA) estimated that average ticket costs for business class flights have risen 8 percent in the first half of 2010.

Business travellers make up 8 percent of overall passenger numbers but contribute 27 percent of ticket revenue, IATA said in its latest snapshot of the airline business.

"This market segment is key to profitability," the Geneva-based group said. "Year-on-year premium revenues have been improving during the first half of the year."

The airline industry is highly cyclical and revenues plunged in the 2008/09 economic downturn, during which many executives avoided business travel.

IATA said the number of passengers seated in premium class remained 8 percent below the pre-recession peak, though economy travel is now 3 percent above its pre-recession level.

"Most of the economy passengers are travelling for personal purposes, but growth in this travel class continues to be driven by business travellers sitting on economy seats rather than holidaymakers," it said.
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Old September 23rd, 2010, 05:05 PM   #164
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Russian airline S7 be part of Oneworld Alliance from Monday, 15 November

Quote:
... S7 carried 5.6 million passengers in 2009, with a bigger share of the domestic Russian air travel market than any other airline. Including its international network, it is Russia's second biggest carrier. ...
http://de.oneworld.com/ende/ow/news/...objectID=22993
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Old October 1st, 2010, 03:22 PM   #165
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Air traffic growth slows in August -IATA

GENEVA/ZURICH, Sept 28 (Reuters) - Growth in air traffic slowed noticeably in August as this year's rebound from the economic downturn lost steam, the International Air Transport Association said on Tuesday.

Passenger traffic in August was 6.4 percent higher than a year earlier, against a 9.5 percent year-on-year increase in July, and freight traffic was 19.6 percent higher in August, down from a 23.0 percent increase in July, IATA said in its monthly traffic report.

"The rapid improvements in demand that we saw earlier this year are behind us. The slowdown of demand (growth) in August is consistent with our forecast for a tougher end to 2010 as government stimulus monies run out without having generated significant improvements in employment," said IATA Director General and CEO Giovanni Bisignani.

Slower demand growth in the second half of 2010 was expected to continue into next year, IATA said, adding that yields were not expected to grow because capacity was increasing faster than demand.

"The bounce from restocking is over. We do not yet see the strong consumer confidence needed to sustain the expansion with spending," Bisignani added.

In August, global passenger traffic was 2 percent above pre-recession levels of early 2008, while international cargo traffic was 3 percent higher, said IATA, which represents some 230 airlines accounting for 93 percent of scheduled international air traffic.

Domestic traffic is not included in IATA's statistics.
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Old October 15th, 2010, 06:06 PM   #166
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Air travel recovery slowing - IATA

GENEVA, Oct 14 (Reuters) - The strong recovery in air travel is slowing as the force of the economic upswing moderates, with growth in business travel continuing to outpace that in economy class, airline industry association IATA said on Thursday.

Besides pointing to the health of the airline industry the premium figures are a leading indicator of business activity.

Slower year-on-year growth in August than in recent months was partly due to the statistical effect of a big increase in August last year as a the post-recession rebound took hold, the International Air Transport Association said in its monthly premium traffic monitor.

But there was a fall of 1 to 1.5 percent between July and August in the seasonally adjusted number of passengers travelling in both premium and economy seats, it said.

"There are clear signs now that the post-recession rebound of international air travel is slowing," it said.

The number of passengers travelling in business or first class in August was 9.1 percent higher than a year earlier, against a 13.8 percent year-on-year rise in July.

Numbers at the back of the plane were up 6.2 percent, against 8.8 percent in July.

IATA, whose 230 members include Lufthansa, Air Canada and Singapore Airlines, said demand for premium travel had now risen 17 percent above its 2009 low but 99 percent of that rebound occurred by the end of the first quarter of this year.

In the five months since then the number of passengers travelling on premium seats -- typically for business -- had levelled off but whether this was a temporary pause remained to be seen.

Business confidence is slipping but remains positive and premium markets are still 11 percent below their early 2008 peak, it said.

Economy travel, driven by leisure markets and consumer confidence, has risen 11 percent from its 2009 low and passenger numbers in this segment are now above pre-crisis highs.

IATA said the near stagnation in month-on-month growth rates in recent months was not consistent with business travel leading indicators which though slipping should support trend growth of 5-6 percent a year.
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Old November 2nd, 2010, 05:50 PM   #167
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IATA head confirms 2010 airline industry outlook

FRANKFURT, Nov 2 (Reuters) - Airlines body IATA does not expect airline industry profits to suffer a setback after two U.S.-bound bombs sent were intercepted in air cargo, IATA's head said on Tuesday.

"We are still forecasting a positive result of $8.9 billion this year," Giovanni Bisignani told Reuters Insider at an aviation security conference.

Two packages containing bombs -- both sent from Yemen and addressed to synagogues in Chicago -- were intercepted in Britain and Dubai on Friday.

One of the packages was found on a United Parcel Service cargo plane at East Midlands Airport in Britain. The other was discovered in a computer printer cartridge in a parcel at a FedEx facility in Dubai.

Bisignani at the conference warned against any hasty steps to implement new security measures and said governments need to collect all relevant facts first.

Responsibility for aviation security lies not only with airlines but also with other companies involved in the supply chain, such as freight forwarders, he said.

He called for cooperation between governments and all members of the supply chain to improve security.
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Old November 18th, 2010, 11:53 AM   #168
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Business air travel rebounded in September - IATA

GENEVA, Nov 16 (Reuters) - Business air travel rebounded further in September, rising 12.1 percent from a year earlier, but remained below pre-recession levels, the International Air Transport Association said.

The latest figures were buoyed by premium traffic to and from Asia and the Middle East, while trans-Atlantic markets were relatively weak, IATA said on Tuesday.

"Business travel continues to be the key to overall international travel markets, with business confidence moving higher in major economies but consumer confidence weakening," IATA said in its monthly premium traffic monitor.

September's 12.1 percent annual increase in travellers in first or business class, compared with a 6.2 percent rise in August.

Growth in premium travel continues to outstrip the increase in numbers at the back of the plane, with economy class seats rising 9.3 percent in September. However, these are now above pre-recession levels.

IATA said the rate of year-on-year increase in premium travel will slow in coming months because of sharp gains a year ago, but the extent of the slowdown in the fourth quarter now looked less than feared.

IATA has 230 members and its data on international flights are an indicator of trade and the overall state of the economy, as well as a pointer to airline profitability.
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Old November 25th, 2010, 07:43 PM   #169
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Air freight grows 14.4 pct yr/yr in October - IATA
25 November 2010

GENEVA, Nov 25 (Reuters) - International air cargo traffic picked up in October after falling since May to stand 14.4 percent higher than a year earlier, the airline industry body IATA said on Thursday.

October's year-on-year increase in air freight -- an important indicator of trade and economic recovery -- was below September's 15.5 percent rise but the monthly rise followed a 5 percent fall since May, the International Air Transport Association said in its monthly analysis of air traffic.

"Freight appears to be at a turning point," IATA said.

"But a single month does not make a trend. And it remains to be seen if this is the stabilisation in freight volumes or the start of an upward trend," its director-general, Giovanni Bisignani, added in a statement.

Freight traffic, which accounts for 35 percent of the value of goods traded internationally, is now 1 percent above pre-crisis levels of early 2008, IATA said.

Passenger demand -- a reflection of business and consumer confidence -- was 10.1 percent higher in October than a year earlier, slightly below September's 10.7 percent rise, and is now 5 percent above pre-crisis levels.

IATA said airlines were reacting to this year's rebound in demand with cautious increases in capacity.

In the first 10 months of this year an 8.5 percent increase in passenger demand was matched by a 4.0 percent increase in capacity, while a 24 percent increase in freight demand led to only a 9.2 percent rise in cargo capacity.

Airlines are planning a further 7.5 percent increase in passenger capacity for the half-year scheduling period beginning at the end of October, said IATA, which represents 230 airlines including Aeroflot, Air China and Lan Airlines.

Passenger growth in October was strongest among Middle Eastern airlines and weakest in Latin America.
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Old December 20th, 2010, 08:12 PM   #170
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Airlines eye booming Asia market ; Profitable region lures new routes, amenities
20 December 2010
USA Today

HONG KONG -- As Asian economies boom, U.S. carriers are courting long-haul travelers with more frequent service, cushier seats and amenities.

In February, Delta Air Lines will begin flying between the U.S. and Tokyo's Haneda airport, three months after Hawaiian Airlines became the first U.S. carrier to do so. Delta also plans to resume Atlanta-Shanghai service after suspending it last year, and expand flights between China and Japan. American Airlines is launching flights between New York and Haneda next month, and between Los Angeles and Shanghai in April.

The expansion comes as domestic travel begins to recover, but not as quickly as travel in Asia-Pacific. The region already passed North America last year as the largest aviation market in the world. It remains the "most profitable region of the world for airlines" because of its strong economic growth, according to the International Air Transport Association, which represents 230 carriers.

While American Airlines' presence in Europe and the U.S. has historically been stronger than in Asia, the region "is an area that we are very focused on," says Kurt Stache, vice president, international, for American Airlines. "We think it has real long- term opportunities."

Between the third quarters of 2010 and 2011, U.S. carriers will boost available seats per week to Asian destinations by 14%, the Air Transport Association of America estimates from Innovata data. This compares with only a 2.6% increase in seating capacity -- albeit on a much larger base -- to non-Asian destinations.

U.S. carriers are also strengthening partnerships with other airlines to serve Asia's "rapidly expanding middle class and (their) growing demand for air travel," says Nathan Smith, an aerospace analyst at researchers Frost & Sullivan.

Yet, expanded service alone isn't going to attract the most discriminating travelers. That's why U.S. airlines are beefing up their in-flight amenities, an area where they've traditionally lagged behind their Asian counterparts.

Continental has installed flat-bed seats in BusinessFirst cabins on its Boeing 777 planes, and plans to do so for its 757s and 767s. Meanwhile, Delta expects to have flat-bed seats with aisle access on a third of its wide-body aircraft by this summer.
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Old December 25th, 2010, 04:44 PM   #171
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European airlines seen set for take-off in 2011
By Joanne Frearson and Brian Gorman

LONDON, Dec 24 (Reuters) - Investors have started to buy back into European airlines in anticipation of a period of top-line growth, as business travel picks up and with more of the gains seen going to the bottom line.

More profitable business travel is rising again, as economies emerge from recession, after a period when companies were cutting back on spending.

"It's really about the premium business traffic. It's linked to the strength of the corporate sector, and the pick-up in world trade growth, which is continuing," said Richard Batty, strategist at Standard Life Investments in Edinburgh.

Air France-KLM , for example, is set to see revenue rise to 27.2 billion euros for the year to March 2012, up 11 percent on the year to March 2010, according to Credit Suisse estimates, largely driven by a rise in premium traffic. Analysts say airlines' costs will not rise as much as turnover because revenue per unit of traffic tends to be higher for business travel, even with budget airlines.

Overall passenger traffic for most airlines in recent months is up on a year ago, reversing a trend earlier in the year, according to the airlines' own figures, and on average more seats are being filled, thereby boosting operating margins, analysts say.

The International Air Transport Association (IATA) said earlier this month that the number of passengers travelling in premium seats -- first and business class -- was 10.9 percent higher in October than a year earlier.

It also said the world's airlines will return to profit this year and next at higher levels than previously expected, due to an upturn in the market and better capacity usage.

"The airlines did a good job on restructuring (through the downturn)", said Stephen Furlong, analyst at Davy Research, who has an "outperform" rating on the sector.

STOCK PICKS

Amongst individual stock picks British Airways is still seen as having potential for further price gains next year despite the shares having gained 25 percent in the past six months, according to some analysts.

"We favour British Airways ," said Richard Batty at Standard Life.

Perceptions of the company have changed dramatically since it posted a record loss of 541 million pounds for the year to March 2010, hurt by the recession and industrial disputes.

The impact of cabin crew strikes has not been as severe as some had feared, say analysts, who also see benefits coming from the forthcoming merger with Iberia , which will create International Airlines Group, and a newly-approved transatlantic alliance with AMR Corp's American Airlines.

The Iberia merger alone is expected to yield about 400 million euros of synergies and analysts predict combined revenue will grow to around $22 billion in 2012 from about $18 billion in 2010.

The pick-up in the market, especially for premium traffic, means that analysts are now forecasting BA will return to making a profit, in the current year to March 2011, and with the combined IAG making a profit of about 1.2 billion euros in the the following year, according to Credit Suisse, when its forecast price-earnings ratio falls to about 8.

This compares with a foreast earnings multiple of 10.7 in 2012 for the STOXX 600 European Travel & Leisure index <0#.SXTP>, according to Thomson Reuters Datastream.

AIR FRANCE/LUFTHANSA

Analysts also see Air France-KLM and Deutsche Lufthansa continuing to outperform the broader European share market.

Air France is likely to follow a similar pattern to BA, albeit with a slightly delayed recovery. It may struggle to break even in 2011, but is expected to bounce back in 2012, putting its price/earnings ratio back into single digits.

Credit Suisse recently upgraded both Air France and Lufthansa to "outperform", with BA/Iberia its top pick in the sector, already on that rating.

"Earnings recovery should remain a key theme for all flag carriers in 2011," Credit Suisse said in a note, forecasting further growth in premium demand.

Even budget airline easyJet is expected to benefit from a pick-up in business travel with revenue set to rise 20 pct over the next two years and earnings per share to double.

EasyJet's forecast price/earnings multiple falls from 9.6 for 2011 to 8.2 for 2012, according to Datastream.

Rival budget airline Ryanair is also another stock liked by Standard Life's Batty. A recent decision to return 500 million euros in cash to shareholders instead of buying more planes was applauded by some analysts, despite the implications for growth prospects in the longer term, and the carrier is seen continuing in its relentless drive to further cut costs.

However its price/earnings multiple is already one of the highest in the sector, at 10.7 for 2012, according to Datastream.

OVER A BARREL

Airlines still face challenges, not least with fuel prices which account for between 25 and 40 percent of a carrier's total costs and with oil prices hitting $90 a barrel in recent days the ratio has been at the upper end of the range.

But while recent forecasts suggest oil prices may go higher analysts say if this is linked to economic growth, rises in fares and traffic will more than compensate and any surprise moves in the oil price are being managed by airlines hedging their requirements.

"If the oil price is higher that will be reflected in the fares as well," said Gert Zonneveld, analyst at Panmure Gordon. The impact of the cold weather in recent days is also seen as a short-term, "one-off event" and should not affect investment ratings, said Tony Shepard, analyst at Charles Stanley. Analyst have compared the disruption to that caused by the volcanic ash cloud earlier this year, which hit market sentiment in the short term, but had no lasting impact.

Which leaves the outlook for economic recovery as the most important factor in determining whether airline stocks will continue to outperform the overall market.

"Airlines have had better than expected growth levels and this is clearly a positive," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets.

"If the market remains in risk mood then airlines should do reasonably well ... They are high beta stocks and are geared towards economic growth." ($1=.7605 euros) ($1=.6456 pounds)
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Old December 31st, 2010, 04:05 AM   #172
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Int. air traffic slows, points to easing recovery

ZURICH, Dec 30 (Reuters) - International air traffic slowed in November, the airline industry body IATA said on Thursday, in a sign that the global economic recovery is losing speed.

The International Air Transport Association said harsh weather conditions in many countries in December were weighing on business.

"The year-end holiday season has been tough for travellers and for airlines," IATA director-general, Giovanni Bisignani, said in a statement. "Airlines saw lost revenues and saw costs rise."

Bisignani repeated IATA's recent profit forecast for the industry, saying a strong end to 2010 overall should lift profits to $15.1 billion. Slowing traffic growth was in line with projections for a reduced profit of $9.1 billion in 2011.

"The industry is shifting gears in the recovery cycle," Bisignani said.

"Growth is slowing towards normal historical levels in the 5-6 percent range. Relative weakness in developed markets is being offset by the momentum of economic expansion in developing markets," he added.

The air traffic numbers are in line with other signs that the global recovery from economic crisis is losing speed. The International Monetary Fund expects 4.2 percent global growth next year, which would be a step down from 2010 but well above the recession-hit rates of the previous two years.

Air freight -- an important indicator of trade and economic recovery -- grew by 5.4 percent in November from a year ago, well below the 14.5 percent rise recorded in October.

Freight traffic, which accounts for 35 percent of the value of goods traded internationally, is now at the pre-crisis levels of early 2008, said IATA, which represents 230 airlines including Aeroflot , Air China , Lan Airlines and Lufthansa.

Passenger demand -- a reflection of business and consumer confidence -- was 8.2 percent higher in November than a year earlier, below October's 10 percent rise, and is now 4 percent above pre-crisis levels.

Air traffic growth slowed significantly in all regions with the exception of Africa, IATA said. Freight levels remained well below their pre-crisis levels in North America and Europe.
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Old January 17th, 2011, 02:33 PM   #173
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Growth in airline premium travel slows in November

GENEVA, Jan 17 (Reuters) - The increase in the number of people flying first and business class on international flights slowed in November, but the airline industry body IATA said the upward trend in air travel remained intact.

The year-on-year growth rate for premium travel was 9.6 percent in November, compared to 11.0 percent in October, the International Air Transport Association (IATA) said, noting that November 2009 was a particularly strong month.

At the back of the plane, growth in demand for economy tickets also slowed to 7.0 percent in November from 7.6 percent in October, it said in its monthly premium monitor.

"Business travel continues to be the key driver for both seat classes and recent improvements in business confidence are a positive lead indicator for air travel in the next few months," said IATA, whose members include Singapore Airlines , British Airways and Lufthansa .

Premium traffic -- the most profitable part of airlines' passenger business -- remained 12 percent below pre-crisis levels in November on a seasonally adjusted basis.

But this appears to have more to do with the lack of a full recovery in business travel drivers such as world trade and equity markets rather than a further shift to economy seats, IATA said.

IATA, whose 230 member airlines cover 93 percent of scheduled international traffic, said last month airlines would return to profit in 2010 and this year at higher levels than previously expected.

The IATA data on business travel follows news that Airbus [ARBU.UL] overtook Boeing in the annual orders race in 2010 after a last-minute airline buying spree highlighted a recovery in emerging markets and the low-fare sector.
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Old February 14th, 2011, 03:42 PM   #174
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Airline association IATA expects 3.3 billion air travelers by 2014, up 32 percent from 2009
14 February 2011

(AP) - Global airline travel will likely jump to 3.3 billion passengers by 2014 as Asia's fast economic growth drives the industry's expansion, the International Air Transport Association said Monday.

Asia will likely account for 45 percent of the 800 million increase in air travelers between 2009 and 2014, IATA Chief Executive Giovanni Bisignani said at a news conference. China will be the fastest growing market for international passengers, followed by the United Arab Emirates, Vietnam and Malaysia, Bisignani said.

Asian carriers should earn about $4.6 billion this year compared with just $100 million of profit for their European competitors, reflecting the gap between the economic growth rates of the two regions, Bisignani said.

"Look at one number, GDP" he said. "When you see Singapore ... and China have double digit growth and in Europe we're struggling between 1 and 2 percent, that's how the industry is going."

The association expects gross domestic product in the Asia Pacific area to grow 6.6 percent this year, Europe to expand 1 percent and the U.S. to grow 1.5 percent.

Asia overtook North America as the largest aviation market in 2009 and will account for 30 percent of air traffic by 2014, while North America will slip to 23 percent.

Bisignani reiterated that the global airline industry will likely earn $9.1 billion this year, down from $15.1 billion last year as higher fuel costs eat into profits.

Fuel oil accounts for about 27 percent of an airline's costs and the industry will likely spend $156 billion on fuel this year from $139 billion last year, he said. The Geneva-based IATA expects Brent crude to average $84 a barrel this year, and every $1 above that will increase the industry's costs by $1.6 billion.

"Higher oil prices could spoil our party," Bisignani said.
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Old February 15th, 2011, 03:48 PM   #175
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FAA says US airlines will carry 1 billion passengers by 2021, faster than it had forecast
15 February 2011

Federal officials are predicting a 3.5 percent increase in the number of passengers traveling on U.S. airlines this year.

They also say U.S. airlines will carry 1 billion passengers a year by 2021, two years faster than previously forecast.

The Federal Aviation Administration released its annual travel forecast on Tuesday, a report that covers the next 20 years.

The agency says the growth in travel will increase the need for changes including a new satellite-based air traffic control system to replace the current radar-based technology.
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Old March 2nd, 2011, 07:21 AM   #176
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Jan air traffic picks up, high oil prices loom - IATA

ZURICH, Feb 28 (Reuters) - International air freight and passenger traffic picked up in January but rising oil prices caused by political unrest in the Middle East could make 2011 a challenging year, airline body IATA said on Monday.

"We are all watching closely as events unfold in the Middle East. The region's instability has sent oil prices skyrocketing," IATA's Director General and Chief Executive Giovanni Bisignani said in a statement.

Violent uprisings in OPEC member Libya reduced oil exports from North Africa, sending Brent futures for April and U.S. crude to two-and-a-half year highs last week. Markets' concern is that unrest will continue to spread and potentially curtail exports from other key producers.

Bisignani said each dollar increase in the oil price meant the airline industry had to recover $1.6 billion in additional costs. "Even with good news on traffic, 2011 is starting out as a very challenging year for airlines," he said.

Air freight -- an important measure of world trade -- was 9.1 percent higher in January compared with a year earlier after rising 7.3 percent in December, IATA said.

Passenger traffic rose 8.2 percent compared with a year earlier, up from a 5.4 percent rise in December when severe weather made many passengers cancel their trips.

Higher taxes in the UK, Austria and Germany were also making life difficult for airlines, Bisignani said.

IATA, whose 230 members include Lufthansa and Singapore Airlines , has forecast that airlines will make a cumulative profit $9.1 billion this year and will revise this forecast on March 2.
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Old March 2nd, 2011, 03:21 PM   #177
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IATA sees global airline profit halving in 2011

GENEVA, March 2 (Reuters) - Global airline net profits will halve this year as rising costs, especially oil prices, offset increasing demand, the industry body IATA said on Wednesday.

The result would be a net profit margin this year of only 1.4 percent -- dismissed by IATA Director-General Giovanni Bisignani as more worthy of a charity than an industry -- down from 2.9 percent in 2010.

Bisignani told a news conference that increased taxes such as levies on ticket prices were another threat to the struggling industry, which he said was not sustainable in the long term, and called on governments to review regulations to underpin airline profitability.

"We are constantly walking on a tightrope with very thin margins, and there is no buffer," he said. "This industry is very, very fragile."

The International Air Transport Association, whose 230 members include Singapore Airlines and Deutsche Lufthansa, now expects global net profit to be $8.6 billion this year, down from $9.1 billion forecast in December.

Net profit is estimated at $16 billion in 2010, revised up from the $15.1 billion estimate in December.

Those profits come on revenues forecast at $594 billion this year, up from an estimated $552 billion in 2010. Revenues stand against industry debts of $210 billion, Bisignani noted.

IATA's forecasts assume an average oil price of $96 per barrel for Brent crude this year, up from $84 forecast in December, and $$79.4 a barrel in 2010.

As a result the industry's fuel bill will rise to $166 billion this year -- 29 percent of total costs -- from $139 billion or 26 percent in 2010.

Bisignani said every $1 increase in the price of a barrel of oil adds $1.6 billion in costs to airlines, which are estimated to have hedged 50 percent of their fuel purchases this year.

IATA declined to speculate whether the latest oil price increases would lead to fuel surcharges on tickets, as that is a matter for its individual members.

The improving global economy will increase demand for airline products, with passenger growth expected to be 5.6 percent this year, up from December's 5.2 percent increase, while cargo demand -- an important indicator of world trade -- is seen rising 6.1 percent, up from 5.5 percent in December.

The IATA global forecast includes wide variation in airline performance by region, with carriers in the Asia-Pacific region expected to produce a net profit margin of 4.6 percent. Airlines in the region benefit from the strong economy, but have hedged fuel prices relatively loss than those in other countries.

European airlines are the least profitable of the major regions.
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Old March 29th, 2011, 06:23 PM   #178
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IATA: Feb Scheduled Intl Passengers Up 6.0%
29 March 2011

LONDON (Dow Jones)--The International Air Transport Association, or IATA, said Tuesday scheduled international passenger traffic for February rose 6% and cargo demand rose 2.3%, a significant fall from January's revised figures reflecting the political unrest in the Middle East and North Africa and factory shutdowns due to the Chinese New Year period.

MAIN FACTS:

-Unrest in the Middle East and North Africa during February is estimated to have cut international traffic by about 1%.

-Fall in cargo growth (from 8.7% in January to 2.3% in February) was impacted in part by factory shutdowns due to the Chinese New Year period, which fell in the first part of February in 2011.

-February passenger load factors stood at 73%; freight load factors have deteriorated even faster to 51.6%.

-By February 2011, air travel volumes were 16% higher compared to the low point reached in early 2009 and some 5% above the pre-recession peak of early 2008.

-Europe's carriers recorded 7.4% growth compared to February 2010 against a 9.8% increase in capacity.

-North American airlines reported 6.7% year-on-year growth for February and a capacity expansion of 11.9%.

-Asia-Pacific airlines reported a major slowdown to 3.0% growth, half of the 6.3% recorded for January.

-Middle East airlines saw demand growth fall from 12% in January to 8.4% in February.

-Africa saw traffic fall by 1.3% compared to February 2010.

-Latin American airlines were least exposed to volatility in February; passenger demand increased by 11.8%.

-Based on an average oil price of $96 per barrel, IATA is forecasting fuel to account for 29% of average operating costs with a total fuel bill of $166 billion.

-For every dollar increase in the price of a barrel of oil, the industry must recover an additional $1.6 billion in added costs.
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Old April 3rd, 2011, 09:46 PM   #179
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BBC Fast Track : What will airports of the future look like?

http://news.bbc.co.uk/2/hi/programme...ck/9443769.stm
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Old May 18th, 2011, 07:26 PM   #180
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US Airline Summer Traffic Seen Just Shy Of 2007 Record - ATA
16 May 2011
Dow Jones News Service

Record numbers of U.S. airline passengers are expected on international routes over the summer peak season ahead of an expected post-Labor Day slowdown that has seen carriers pare planned expansion, according to a survey published Monday.

The Air Transport Association of America forecast total passenger numbers will rise 1.5% to 206 million over the summer, shy of the all-time record in 2007 but a sign that fuel-driven fare increases haven't depressed demand.

John Heimlich, the trade group's chief economist, said there were no signs of demand destruction despite higher fares, with gains on international routes led by flights to Latin America and Asia, excluding Japan.

Demand and pricing on transatlantic routes remains "soft," he told reporters, echoing comments by airline executives, notably at Delta Air Lines Inc. (DAL).

Delta, the largest carrier by capacity on transatlantic routes, has trimmed expansion plans and has been one of the most aggressive capacity cutters. Chief Executive Richard Anderson said on an employee call earlier this month that the carrier would cut capacity by "at least" 4% compared with last year in its post-Labor Day schedule.

Heimlich said U.S. airlines are now more competitive with overseas rivals on international routes, though cautioned that regulatory challenges hamper further improvements.
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