The world's airlines posted a cumulative second-quarter net profit of $2.32 billion, down 40% from $3.71 billion in the year-ago period, IATA reported. For the first time in eight quarters, airline profits declined, with the exception of Europe, IATA said in its latest Airlines Financial Monitor released Wednesday.
The Qantas (QF) Group and Airbus have finalized a contract for 110 A320 family aircraft for QF subsidiary Jetstar in Australia and Singapore and the newly announced Jetstar Japan.
Airbus forecast demand for 736 new freighter and passenger aircraft (with more than 100 seats) in Australia, New Zealand and the Pacific Islands over the next 20 years, valued at $98 billion.
The inclusion of international aviation in the EU's Emissions Trading Scheme (ETS) is fully compliant with international law and all relevant international agreements, Europe’s highest court said in a preliminary opinion Thursday.
International Airlines Consolidated Group (IAG) on Thursday approved the launch of subsidiary Iberia Express, which will be part of its short- and medium-haul network.
The inclusion of international aviation in the EU's Emissions Trading Scheme (ETS) is fully compliant with international law and all relevant international agreements, Europe’s highest court said in a preliminary opinion Thursday.
Airbus has been selected to provide Air Traffic Management and Performance Based Navigation expertise for the FAA’s Greener Skies Initiative. As part of Boeing’s FAA System Engineering 2020 (SE-2020) team, Airbus will identify procedures that fully utilize aircraft precision navigation capabilities to reduce fuel burn, lower emissions and decrease noise.
IATA’s new chief has called for the European Union to abandon its plans to include aviation in the European Emission Trading Scheme (ETU) from 2012. Speaking at the Greener Skies conference in Hong Kong in early October, IATA DG Tony Tyler said the air transport industry is committed to its ambitious agenda to reduce carbon dioxide emissions, and he urged governments to use a global approach to reduce aviation’s carbon emissions that could also include a global ETS or other compensation measures.
Aviation is firmly at the crossroads when it comes to its commitment to a sustainable environmental future, warned Cathay Pacific Airways chief operating officer Ivan Chu, earlier this month. Addressing delegates at the fourth Greener Skies Aviation and Environment Conference in Hong Kong, Chu said, “Despite monumental efforts and tangible progress towards making sustainable aviation a reality, the challenge to address our environmental impact is even greater in the face of our continued growth as the demand for our services increases.
The world's airlines posted a cumulative second-quarter net profit of $2.32 billion, down 40% from $3.71 billion in the year-ago period, IATA reported.
Boeing has delivered a 737-900ER to Tajikistan-based Somon Air, the carrier's first of the type. It becomes the first Central Asian carrier to operate an aircraft featuring Boeing's Sky Interior. The delivery is also Somon Air's first direct purchase of a 737.
Malev Hungarian Airlines (MA) should not expect further financial help from the Hungarian government owing to 2012 budgetary restrictions, several Hungarian news agencies reported.
British Airways (BA) acquired six daily take-off and landing slots at London Heathrow from British Midland Airlines (bmi), increasing its slot holding at the airport to 44%.
The US Air Transport Assn. (ATA) warned that nearly 10,000 airline industry jobs could be cut within one year if two new proposed passenger security and airline departure taxes are implemented.
Etihad Airways (EY) reported third-quarter revenue of $1.1 billion, up 39% year-over-year. Passenger revenue was up 32% to $833 million and cargo revenue increased 28% to $168 million.
US FAA Administrator Randy Babbitt said Congress has approved the agency's request to make changes to its organizational structure, including establishing a Program Management Office (PMO) to manage major acquisition programs, particularly those associated with implementing the satellite-based NextGen ATC system.
LAN Airlines said it will appeal some of the requirements set by the Chilean antitrust tribunal TDLC in conditionally approving the carrier's proposed merger with Brazil's TAM under LATAM Airlines Group.
Does your company offer “green” solutions in the aviation industry? Showcase your company and meet directly with the decision-makers in your target audience by sponsoring the 5 th Annual Eco-Aviation Conference. Choose from a variety of sponsorship packages currently available, or work with your sales representative to custom design a package that meets your budget. All sponsorships packages include the following:
We’re introducing a new feature for ATW’s 5 th Annual Eco-Aviation Conference in 2012: the Eco-Aviation Awards Ceremony and Gala Dinner. At the conclusion of June 21 st sessions, we will be honoring those companies in the aviation industry that are utilizing eco-friendly materials and concepts and highlighting how their progress affects the future of our industry. Awards criteria will be published soon!
Mark your calendars forJune 20-21, 2012 for ATW’s 5 th Annual Eco-Aviation Conference at the Renaissance Arlington Capital View Hotel in Arlington, Virginia.
ATW wants to provide you with a forum to offer you updates about the Annual Eco-Aviation Conference and provide you with editorial content on trends and current topics occurring within the industry that affect the environment. You may receive more timely issues of ATW’s Eco-Aviation Today as the Eco-Aviation Conference approaches. We hope you enjoy this new issue of ATW’s Eco-Aviation Today.
Includes: World Airline Traffic World Airport Traffic IATA Fuel Prices Aircraft Data Aircraft Values Aircraft Deliveries US Major and National Airline Traffic US Ontime Performance U.S. Fuel Cost and Consumption US Mishandled Baggage US Consumer Complaints
