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The global airline industry will likely rake in more than $1 trillion in revenue next year, as passenger numbers look set to hit an all-time high of 5 billion, the International Air Transport ...
Despite the problems, IATA said it expected the airline industry to hit a historic milestone with revenue of $1.007 trillion next year, up from a projected $964 billion this year.
Airline industry watchers see a strong end-of-the-year finish for Delta, United, and American, despite ongoing industry challenges such as higher maintenance costs, increased pilot wages signed ...
Texas is home to two of the nation’s biggest airlines, and while American and Southwest have thrived in the past with innovation and classic service, an industry in flux means they now need to ...
The global airline industry continues to grow rapidly, but consistent and robust profitability is elusive. Measured by revenue, the industry has doubled over the past decade, from US$369 billion in 2004 to a projected $746 billion in 2014, according to the International Air Transport Association (IATA).
The airline anticipates 85% of revenue growth in 2025 will come from the additional premium seats, which may help the business meet or exceed its pre-pandemic average operating margin of 14%.
In Europe, airlines had successfully negotiated to defer some $1.2 billion in air traffic control charges. [30] Oliver Wyman reported that Asian airlines reduced their available seat miles by 23 percent in March 2020. [31] In Europe, the impact of the outbreak is expected to accelerate corporate consolidation in the airline industry. [32]
Airlines, like any business, are susceptible to market fluctuations and economic difficulties. The economic structure of the airline industry may contribute to airline bankruptcies as well. One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees.