Airlines Are Set to Make Even More Money Off Passengers in 2018

Airlines Are Set to Make Even More Money Off Passengers in 2018

Moneycontrol News India's domestic air traffic beat China's growth by double, according to data from the International Air Transport Association (IATA) on Monday.

The International Air Transport Association (IATA) has cautioned governments across the world about privatising airports to fund growth, a statement that assumes significance as India plans to upgrade and build airports through private sector participation.

However, IATA said it was not concerned there was a pilot shortage after high-profile cancellations at Ryanair and American Airlines due to rostering issues and after some USA airlines awarded high pay increases to pilots this year. 2018 is expected to be the fourth consecutive year of sustainable profits. Demand to and from North America fell in year-on-year terms for the seventh consecutive month in September (the most recent month for which route-specific figures are available) and it remains the only global market not to have grown in annual terms this year.

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But in recent months, the alliance frayed amid Houthi suspicions Mr Saleh was leaning toward the Saudi-led coalition backing Mr Hadi.

The group disclosed in Geneva, Switzerland that as a result of the situation, African airlines' traffic grew 7.5 per cent year-on-year in October, up from 3.6 per cent in September.

Operationally, the industry is forecast to see 4.3 billion passengers worldwide in 2018, up 6% from 4.1 billion in 2017.

"The industry is reacting to that cost pressure".

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"It is still, however, a tough business, and we are being challenged on the cost front by rising fuel, labour and infrastructure expenses", he said. Passengers have directly contributed to the growth in profit, as the average net profit per departing passenger is expected to rise to $8.90 (up from $8.45 in 2017).

A boom in traveller numbers has already led to this year's projected net profit being revised up, after it was forecast at $31.4bn in June.

European airlines generate the second-most revenue when compared by region and made $9.8 billion in net profits this year.

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Significant damage does not typically occur with quakes of this size, and so far there are no reports of any injuries. It was later revised to a 4.1 magnitude quake, which is considered light and generally does not bring severe damage.

IATA said the biggest challenge to profitability in 2018 would be rising costs linked to the higher oil prices and other factors. De Juniac urged governments to "raise their game" and do more to ensure infrastructure can cope with higher aviation demand. "While restocking cycles are usually short-lived, the growth of e-commerce is expected to support continued momentum in the cargo business beyond the rate of expansion of world trade in 2018", it added.

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