ACI WORLD forecasts global pax traffic will grow 4.3% per year in 2023-2042, from projected 9.7b pax (4b international; 5.7b domestic) in 2024 to 19.3b pax (8.7b international; 10.6b domestic) in 2042, then at 3.6% per year in 2042-2052.
WIZZ AIR plans to invest 38m to open 2,500 sq meter pilot training facility in Rome in 2024 to accommodate >4,800 pilot annually; facility will initially house three A320 Family full-flight simulators. It also operates training center in Budapest.
WESTJET GROUP is refinancing majority of existing term loan facility secured by WestJet Rewards loyalty program and WestJet's brand, capitalizing on ratings upgrade and strong financial performance, now exceeding pre-COVID earnings.
A4A reports that in 2023 US airlines averaged 2.6m pax per day to/from ~80 countries, >26,000 flights per day across the globe, and ~62,000 tons of cargo per day to/rom >220 countries. They ended year with >810,000 employees globally.
AVIATION CAPITAL GROUP had $152.8m net profit on $1.2b revenues in 2023 vs $588.6m loss on $1b in 2022. It has owned/managed/committed fleet of 488 aircraft (97% narrowbody) vs 470 a year ago (18 aircraft to be delivered in 2024).
The Association of Asia Pacific Airlines is calling on governments to avoid punitive industry regulations and encourage the supply of sustainable aviation fuel.
Emirates is marking a milestone in its operations in the Czech Republic, having carried three million passengers between Prague and Dubai from 2010 and to date.
Among many accomplishments, Doug Parker oversaw the merger of American and U.S. Airways, creating the world’s biggest airline, which he took to new heights.
Rep. Larsen, ranking member of the House Transportation & Infrastructure Committee, expressed optimism that Congress can pass FAA reauthorization legislation.
