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Magazine Issue

Aviation Daily, March 10, 2015

Safety

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IATA Figures Show Global Airline Safety Improving

Mar 09, 2015
The 2014 global jet accident rate of 0.23 hull losses per million flights was the lowest in history, besting the 2013 rate of 0.41, and the five-year rate through 2013 of 0.58, IATA says.
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MH370 Report Highlights Battery-Replacement Lapse

Mar 09, 2015
The battery issue appeared to be the most significant piece of new information in the report issued by the MH370 investigation team a year after the incident as required by the International Civil Aviation Organization (ICAO).

Airports

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Boeing Rolls Out 777 Upgrade Plan

Mar 09, 2015
Aimed at providing the equivalent of 2% fuel-burn savings in baseline performance, the rolling upgrade effort will also include a series of optional product improvements to push the total potential fuel-burn savings on a per-seat basis to as much as 5% over the current 777-300ER by late 2016.
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Airport Should Self-Fund Hong Kong Runway, Airlines Say

Mar 09, 2015
Cathay Pacific says the airport authority has the highest net profit of any airport in the world, strong cashflow and a healthy balance sheet. This means runway construction could be “self-funded through existing revenue streams,” the airline says.
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FAA Designates LAX As Level 2 Airport

Mar 09, 2015
Between now and 2018, crews will work on each of LAX’s four runways to revise grades, construct new safety areas and add lighting systems as well as navigational aids that meet federal guidelines.

Airlines

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Seabury: Restructured U.S. Industry Driving Global Airline Profitability

Mar 09, 2015
Airlines are “still a long way from earning [their] way globally,” Luth told the International Society of Transport Aircraft Trading (ISTAT) Americas 2015 conference here March 9. “What we do have is substantial profitability in North America.”
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Qatar, Emirates Say Expansion Won’t Be Faster With Cheaper Oil

Mar 09, 2015
Both carriers enjoy a particularly strong windfall profit: Emirates has no oil-price hedging in place and therefore has seen an immediate benefit from the recent fall in prices.

Industry Data