News Content
Airlines in Asia Pacific can expect profits to soar to US$9b in 2018
THE International Air Transport Association (IATA) says that airlines in the Asia Pacific can expect more than clearer skies ahead as they are forecasted to enjoy higher profitability with an estimated $9 billion profits over the next 12 months up from $8.3 billion in 2017.
The IATA statement pointed out that net profits are on a strong growth trajectory in the last three years thanks to strong cyclical rise in cargo markets which account for 37 per cent of the world's global cargo capacity.
IATA adds that the estimated 7 per cent demand growth will outpace announced capacity increase of 6.8 per cent, reports Singapore Business.
Passenger market conditions vary across markets but domestic markets are particularly strong in China, India and Japan.
"These are good times for the global air transport industry. Safety performance is solid. We have a clear strategy that is delivering results on environmental performance. More people than ever are travelling. The demand for air cargo is at its strongest level in over a decade. Employment is growing. More routes are being opened. Airlines are achieving sustainable levels of profitability," said Alexandre de Juniac, IATA's Director General and CEO, adding that rising fuel, labour, and infrastructure expenses continue to be pressing challenges.
The IATA statement pointed out that net profits are on a strong growth trajectory in the last three years thanks to strong cyclical rise in cargo markets which account for 37 per cent of the world's global cargo capacity.
IATA adds that the estimated 7 per cent demand growth will outpace announced capacity increase of 6.8 per cent, reports Singapore Business.
Passenger market conditions vary across markets but domestic markets are particularly strong in China, India and Japan.
"These are good times for the global air transport industry. Safety performance is solid. We have a clear strategy that is delivering results on environmental performance. More people than ever are travelling. The demand for air cargo is at its strongest level in over a decade. Employment is growing. More routes are being opened. Airlines are achieving sustainable levels of profitability," said Alexandre de Juniac, IATA's Director General and CEO, adding that rising fuel, labour, and infrastructure expenses continue to be pressing challenges.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
