The good news is that IATA is forecasting another profitable year for airlines; a global net profit of $19.7 billion in 2014 that will mark an almost $7 billion improvement over the profit anticipated for 2013.
Industry is in a fever over 3-D printing, seeing the ability to build things layer by layer as the key to making innovative products more quickly and cheaply as well as bring manufacturing back from low-cost countries.
A cautious sense of optimism for improved global airline financial performance is also giving cause for hope that the industry could be entering an era of sustained profitability if airlines are able to continue new revenue-generating practices.
Alexandre de Juniac joined Air France-KLM Group as chairman and CEO of Air France in 2011. He became chairman and CEO of the Air France-KLM Group in 2013. A former executive at Thales and chief of staff to Christine Lagarde when she was France's minister for the economy, industry and employment.
United Airlines has publicly expressed disappointment with its 2013 financial performance and late last year promised a new round of cost cuts—yet from a global perspective, the Chicago-based carrier is doing relatively well.
In a relatively short span of time, Latin America has gone from an afterthought in global aviation to a fast-growing market that is one of the world’s air transport hot spots.
Tony Tyler joined IATA as DG and CEO in July 2011. In the two-and-a-half years of his leadership, he has been a tireless and passionate voice and campaigner for the industry, focusing particularly on the need for smarter, more efficient security processes; speaking out against unnecessary regulation and heavy taxes on aviation; and championing the industry’s commitment to market-based measures as a key tool to achieving carbon-neutral growth.
Chinese startup Zhejiang Loong Airlines has launched passenger operations and placed an order for 11 Airbus A320ceos and nine A320neos, firming up a commitment announced in September at the Beijing Air Show.
United Parcel Service (UPS) has conceded it did not have enough air capacity to deliver all of the express packages in its system designated for Christmas Eve arrival, forcing the company to apologize to customers and scramble to deliver late packages.
Cathay Pacific Airways has become the first Asian airline to order the Boeing 777X, signing a deal for 21 of the -9X variants at a list price of HK$58 billion ($7.5 billion), the Hong Kong-based oneworld carrier said Friday.
