The US airline industry can expect to maintain profitability through 2013, according to PwC’s June Tailwinds report. Considering favorable metrics such as a 4% increase in load factors since 2008, expectations of easing fuel prices (according to the US Energy Information Agency forecast of $94/barrel average in 2012 dropping to $92/barrel in 2014) and a rebound in consumer confidence, PwC US transportation and logistics leader Jonathan Kletzel said “there’s no question the domestic airline industry is undergoing a renaissance marked by increased revenue and stable profitability.”
Ukraine International Airlines (UIA) and Russia’s Rossiya Airlines have signed a codeshare agreement on its roundtrip service from Kiev to St. Petersburg.
Etihad Airways and Korean Air have signed a codeshare agreement, subject to regulatory approval, offering KE codes on Etihad’s daily services between Seoul and Abu Dhabi.
* International only. 1. January - May. 2. January - April. 3. Includes Regional operations. 4. Combined American Eagle, Executive Airlines and American Connection. 5. Combined traffic for SkyWest Airlines and ExpressJet Airlines. To submit your airline traffic to ATW, please contact Kathy Young at [email protected].
Cathay Pacific Airways took delivery of its 39th Airbus A330-300 on Friday in Toulouse, marking the 1,000th delivery of the widebody twin-engine aircraft.
Hungary-based low-cost carrier (LCC) Wizz Air will permanently base its Warsaw flights from the Polish capital’s main Chopin Airport, abandoning its previous home of Warsaw-Modlin Airport.
ICAO is predicting steady air passenger traffic growth through 2015, following the recent release of statistics provided by airlines of ICAO’s 191 member states.
US airlines (passenger and cargo) collectively employed 486,261 full-time workers in May, down 0.3% from May 2012, according to the US Department of Transportation’s Bureau of Transportation Statistics (BTS).
The UK Air Accidents Investigation Branch (AAIB) has recommended that the Honeywell emergency locator transmitter (ELT) on all in-service Boeing 787s be temporarily made “inert” following a fire on board an Ethiopian Airlines 787-8 last week at London Heathrow Airport.
American Airlines parent AMR Corp. reported a second-quarter net profit of $220 million, reversed from a net loss of $241 million in the prior-year quarter, as revenue was flat year-over-year at $6.45 billion.
Virgin Atlantic Airways CEO Craig Kreeger is cautious about the deferred delivery delays of its Airbus A380s, but more upbeat about the Boeing 787-9 and the introduction of regional Little Red.
International premium traffic has contracted and air travel markets “showed signs of deterioration” in May, according to IATA’s latest Premium Traffic Monitor.
