Global airlines' industry net to hit $38.4 bn in 2018: IATA
07 December, 2017, 02:03 | Author: Lester Mason
In line with stronger GDP, the world's airlines are expected to carry 4.3 billion passengers next year, up from a projected 4.1 billion this year.
Total passenger revenue is forecast to grow to $581 billion, from $532 billion this year as passenger numbers rise to 4.3 billion, from 4.1 billion. More people than ever are travelling. "And the industry is ready to partner with governments to reinforce the foundations for global connectivity that are vital to modern life". A strong upcycle in the cargo markets will also support the expected profit improvement next year, it added.
And the IATA said growth is expected to continue in 2018 by almost $1 billion to $16.4 billion.
Labour costs, which have now leapt ahead to become the biggest expense for airlines, will comprise some 31 per cent of total costs in 2018.
Facebook unveils Messenger app for kids Children can block and report anything that makes them feel uncomfortable, which will immediately notify parents. Messenger Kids is full of engaging and interactive features for kids to connect with the people they love.
"Broadly speaking, South-east Asian airlines' operating profits and profit margins are expected to be lower year on year in 2018, if fuel prices remain at current levels or rise further", said Corrine Png, chief executive of transport research firm Crucial Perspective. "More routes are being opened", he told the IATA global media conference in Geneva, Switzerland.
IATA has estimated 2018 airline capacity growth to be 3.4 percent for North America, just shy of the region's forecast traffic growth of 3.5 percent.
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 US airlines awarded high pay increases to pilots this year. To continue to deliver on our full potential, governments need to raise their game-implementing global standards on security, finding a reasonable level of taxation, delivering smarter regulation and building the cost-efficient infrastructure to accommodate growing demand.
He said the benefits of aviation are compelling, with the industry supporting 2.7 million direct jobs and providing support for 3.5 percent of global economic activity. It is also an announcement of global passenger traffic results for October showing that demand (measured in revenue passenger kilometres or RPKs) rose 7.2 per cent, compared to the same month previous year.
"By bringing together people of different backgrounds and cultures to do business, to learn from one another and to solve problems, aviation provides huge value beyond what can be calculated".
At the end of the fifth season, in a case of art echoing life, Claire became president after Frank resigned in disgrace. House of Cards is officially returning for its final season without disgraced star Kevin Spacey .
The spending was summarized in a report released Tuesday , the first of what Mueller's office said will be twice-a-year updates. Mueller filed charges against Trump's former campaign manager Paul Manafort and his business partner Rick Gates on October 30.
Losing once is better than losing twice. "I think everybody just kind of believed that we were going to do it", Hornibrook said. A similar situation happened previous year , when Penn State won the Big Ten Championship Game but had two losses.
You obviously can't tell from just watching it, but the moon orbits the Earth in a slightly oval-shaped path. Those supermoons tend to occur when the moon is at its closest, often two or three months in a row.
Davis tallied a team-best 19 points and 10 rebounds in his first 32 minutes, before being forced out of the game. Trainers came over to look at Davis immediately, and the amount of pain he was in was readily apparent.
Manchester City manager Pep Guardiola talks to Southampton's Nathan Redmond , who looks dejected, at the end of the match. All the managers want to help their players because if they play bad we'll be sacked.
The Snapdragon 845 is Qualcomm's next flagship processor
The slight caveat here is that Qualcomm has announced the Snapdragon 845 at the conference so it's already out-of-date in a way. There are plenty of Microsoft Surface rivals - or clones if you like - out there and the HP Envy x2 is now another one.
Phase One of Chabahar Port to be Inaugurated
And India's $2bn commitment to Afghanistan for developing supporting infrastructure including the Chabahar-Hajigaj railway line. An 8bn dollar India-Iran MoU for Indian industrial investment in Chabahar Special Economic Zone.
Cougars Return to Holiday Bowl to Face Michigan State
Michigan's win in that series came during the 3-9 season Harbaugh referenced in 2016. "Good for (the Big Ten ) to have him back". Dantonio's players took to twitter to voice their displeasure about being passed over. "I think that's what we have".
UGA player arrested after SEC Championship game
The previous two were related to marijuana possession, the second of which caused him to be suspended four games this year . Patrick started and helped Georgia win Saturday's SEC championship game against Auburn in Atlanta.
New England Patriots closing in on AFC East title
Patriots CB Stephon Gilmore returned to Buffalo for the first time since leaving the team in free agency during the offseason. Tyrod Taylor left the game in the fourth quarter with a knee injury and did not return.
Schulz ready for tense talks with Merkel
Contradicting a report by Bild newspaper, Schulz said the party leaders had not agreed to start talks on a new "grand coalition". He had called the chancellor to complain about "inacceptable" leaks to the press, the Social Democrat leader said.
Thousands gather in Sanaa after rebel clashes
The Houthi rebels denounced what they described as " sedition ", meaning Saleh's behaviour towards the Saudi coalition. But Houthi rebels , his allies until this week, accused him of a "coup".