IATA tips ticket prices to fall in 2015 amid lower fuel prices
Air travel looks set to be more affordable in 2015 as the recent fall in fuel prices leads to lower ticket prices, the International Air Transport Association (IATA) says. IATA’s Global Economic Outlook report, released on Wednesday, says average return air fares, which exclude surcharges and taxes, are tipped to fall by 5.1 per cent
IATA forecasts US$25 billion profit for global airlines in 2015
Airlines around the world are expected to collectively generate profits of US$25 billion in calendar 2015 amid lower fuel prices and stronger global economic growth, the International Air Transport Association (IATA) says. The forecast US$25 billion profit represented a 26 per cent improvement from the US$19.9 billion profit the global airline industry is tipped to
Air New Zealand tops up 787 order with two more aircraft
Air New Zealand chief executive Christopher Luxon has flagged capacity growth in the order of five to six per cent a year over the next five years as the airline adds a further two Boeing 787-9 aircraft to its existing order book. The airline announced the order for two more Dreamliners, which are due for delivery
Qantas’s international operations are expected to make a positive contribution to the airline’s return to profitability in the first half of 2014/15 as the carrier makes “rapid progress” with its three-year, $2 billion cost cutting program. Despite the brighter outlook for the long-suffering international arm, Qantas chief executive Alan Joyce says the airline will maintain
Government backs bulk of ASRR recommendations
The federal government has accepted all but five of the 37 recommendations from the Aviation Safety Regulatory Review (ASRR) and called for Australia’s aviation regulators to work more closely together and improve their relationship with industry. Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss says the ASRR report, which was written
Consumer group Choice pushes for fuel surcharge reductions
Fuel surcharges should be lowered in line with the recent declines in the price of fuel, a consumer group says. Choice head of media Tom Godfrey says airlines should pass on any savings they get from lower fuel prices to consumers. “Continuing to charge a surcharge when prices are no longer high seems a bit
