Ricardo Aresu

Airlines Set to Earn 2.7% Net Profit Margin on Record Revenues in 2024

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Geneva – The International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2023, which will then largely stabilize in 2024. However, net profitability at the global level is expected to be well below the cost of capital in both years. Very significant regional variations in financial performance remain.  Read more: https://go.updates.iata.org/webmail/123902/1612473891/221d7ebc3f1ee6bc107cfd68e20df831e51a57b600c5b807e5941c46823ece3d

Air Cargo Demand up 3.8% in October 

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Geneva – The International Air Transport Association (IATA) released data for October 2023 global air cargo markets indicating the third consecutive month of stronger year-on-year demand. Global demand, measured in cargo tonne-kilometres (CTKs*), increased by 3.8% compared to October 2022. For international operations, the demand lagged slightly at 3.5%.  Capacity, measured in available cargo tonne-kilometres (ACTKs), … Read more

Updates on the EU Renewable Energy Directive (EU RED III)

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The EU REDIII introduces a revised target of at least 42.5% renewable energy in the overall energy consumption in the EU across all sectors by 2030; up from 32% in EU REDII. It also includes notable changes to renewable fuel obligations in the transport sector, including aviation. The following outlines the most significant changes in … Read more

European Air Fares Rising Slower than Inflation

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Amsterdam – The International Air Transport Association (IATA) released data showing that travelers in Europe are benefiting from air fares that are undercutting inflation, as the market continues its post-COVID recovery.   Latest traffic figures show that European carriers sit just 3.6% down on the 2019 peak. Europeans are traveling despite the inflationary environment: In June, average … Read more