Category: Airlines

IATA has forecast better profitability for the world’s airlines, revising its June 2012 prediction of US$3 billion to now US$4.1 billion for this year. A cautious Tony Tyler, director-general and CEO of IATA, said while profitability looks to be improving, “we should not get too excited”, describing the expected 0.5 per cent profit margins as

Closure of the Qantas heavy maintenance base at Avalon Victoria would appear to have moved one step closer with the announcement on October 18 the airline will invest a further $30 million in its Brisbane maintenance base. The work will see the current line maintenance facilities expanded into three lines and will include new aircraft

Singapore Airlines recorded network-wide passenger growth of 6.1 per cent during September.  The airline carried 1.49 million passengers during the month, achieving an average 80.6 per cent load factor despite having added 6.3 per cent more capacity across its network. The airline said the improved performance was the result of strong summer demand particularly on

American Airlines’ parent company AMR Corporation has incurred a loss of US$238 million for the third quarter compared with a US$162m loss in the corresponding quarter of 2011.  The airline said costs associated with Chapter 11 restructuring were responsible for the loss, the majority of which was related to employee severance payments. The result comes