The International Air Transport Association (IATA) announced global passenger traffic results for March 2019 showing that demand (measured in revenue passenger kilometers, or RPKs) rose 3.1%, compared to the same month a year ago, which was the slowest pace for any month in nine years.
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), increased 0.1% in March 2019, compared to the same period in 2018. While this is a significant improvement on the 4.9% contraction in February, in seasonally adjusted terms, demand is still down 1.5% over the past year.
Travel industry jobs lead to higher wages and a permanent foothold for financial success, outpacing compensation in both manufacturing and health care, according to the U.S. Travel Associations Made in America: Travels Contribution to Workforce Development.
U.S. scheduled passenger airlines reported a 2018 after-tax net profit of $11.8 billion, the sixth consecutive annual after tax profit, and a pre-tax operating profit of $17.6 billion, the 10th consecutive annual pre-tax profit.
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Freight markets experience challenging February – Total freight 12-month rolling average inches closer to zero growth
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The consumerisation of business travel is driving innovation in the sector as travellers demand more from their employers. Pamela Whitby takes a look.
In February 2019, reporting marketing carriers posted an on-time arrival rate of 73.8%, down from both the 78.4% on-time rate in January 2019 and from 78.9% in February 2018.
ARC Reports Passenger Trips Increased More Than 3%