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India August Domestic Air Passenger Growth Highest Globally

October 21, 2011 Leave a comment

“The industry has shifted gears downward. The pace of growth in passenger markets has dipped and the freight business is now shrinking at a faster pace. With business and consumer confidence continuing to slump globally, there is not a lot of optimism for improved conditions anytime soon,” said Tony Tyler, IATA director-general and chief executive officer. (www.iata.org)

Excerpts of The IATA Release Read more…

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Categories: Aviation

IATA raises airlines’ profit forecast for 2011

September 26, 2011 Leave a comment

In its first look at 2012, IATA is projecting profits to fall to US$4.9bn on revenues of US$632bn for a net margin of just 0.8%. 

Read more…

Categories: Aviation

Global Aviation Industry Forecast Downgraded Further

The International Air Transport Association (IATA) further downgraded its 2011 airline industry profit forecast to $4 billion. Natural disasters in Japan, unrest in the Middle East and North Africa, coupled with a sharp rise in crude oil prices, have slashed industry profit expectations. Read more…

Categories: Aviation

Higher ATF Restraining Growth of Aviation Sector in India

While the rebound in global aviation industry has been strong in 2010, rising aviation turbine fuel (ATF) prices may adversely affect financial prospects of the industry as a chuck of the cost comprises ATF. High interest costs are also estimated to have dented profitability of the domestic airlines for the March 2011 quarter. Read more…

Airfares set to rise

March 10, 2011 Leave a comment

The domestic airline industry was barely out of red, and the surge in crude oil prices is dragging it back again.

Aviation turbine fuel (ATF) is the largest cost for any airline company, accounting for nearly 40% of operating expenses. ATF prices were higher by 30% at the end of February 2011 compared to the year-ago level. It is nearly 10% higher than the average price levels in January 2011. Read more…

Indian Aviation Industry: Reeling Under Losses

February 25, 2011 Leave a comment

Only five airline services companies are listed on the stock exchanges in India and hence only their quarterly financial information is available.

Top three of the five companies in the aviation sector reported a robust sales growth of over 20% each during the December 2010 quarter. Higher passenger volumes coupled with improved realisations enabled the industry post healthy sales growth. Read more…

Low-Cost Airlines Flying Faster

February 17, 2011 Leave a comment

The scheduled domestic airlines recorded a 18.7% growth in the number of passengers carried during the calendar year 2010 compared to 2009.

Although the Indian economy recovered swiftly from the slowdown in 2008-09, there has been a remarkable shift in the market share of scheduled domestic airline operators.

The market share of every low-cost airlines — including Indigo, GoAir and SpiceJet — is rising at a rapid pace. Read more…

Categories: Aviation