The new research reveals how the travel industry is developing within the fast-changing global economic and social environment.
European destinations reported healthy growth this summer despite rising political risks and less relaxed financial conditions posing a threat to the global economic outlook. Growth momentum was boosted by robust intra-European demand and improved air connectivity, notably from China.
Consolidated passenger traffic (RPKs) increased 15.9% compared to October 2017 on a capacity increase (ASKs) of 16.6% resulting on a load factor of 82.4%, slightly lower than October 2017. Domestic load factor was 81.6%, an increase of 0.7 p.p. compared to the same period last year and international load factor was 84.9%, down 5.6 p.p..
New Groupize integration into SolutionSource® marketplace makes it easier for corporations to launch a simple meetings programs or to merge their travel and meetings programs
New cruise company in China to purchase two existing ships from Costa Group, with the first ship expected by end of 2019 to begin serving guests as part of the JV fleet
GOL's domestic supply (ASK) and demand (RPK) decreased 0.1% and 1.9%, respectively. GOL's domestic load factor was 80.0%, a 1.5 p.p. decrease in comparison to October 2017. The volume of departures decreased by 3.1% and seats increased by 1.5% over October 2017.
The unaudited accounts for the nine months to September 30, 2018 show Earnings Before Interest and Taxes (EBIT) of positive TT$96m – this is comprised of TT$118m on international and other operations and negative TT$22m on the domestic air bridge.
The International Air Transport Association (IATA) urged governments in the Middle East and North Africa (MENA) to maximize the economic and social benefits of aviation.
The International Air Transport Association (IATA) announced global passenger traffic results for September showing that demand (measured in revenue passenger kilometers, or RPKs) rose 5.5% compared to the same month in 2017.
IATA released data for global air freight markets showing that demand, measured in freight tonne kilometers, rose 2.0% in September 2018