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.
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.
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.
Air New Zealand, which delivered a record-breaking profit for the 2013 financial year, credited the restructuring of its long-haul network for the turnaround.
US scheduled passenger airlines employed 381,178 full-time workers in October, a drop of 0.8% year-over-year, according to recently released figures from the US Department of Transportation, Bureau of Transportation Statistics (BTS).
