Martin Cowley’s Post

The domestic air traffic between the January to October period stood at 1254.98 lakhs, up 26.98% year-on-year as against the corresponding period of the previous year, says DGCA. https://lnkd.in/gap6_kKX #airtraffic #dgca #indigo #indigoairlines #aviation #aviationindustry

Airline Industry Returns to Profits in 2023 According to the International Air Transport Association (IATA), commercial airlines are expected to end the year with $23.3 billion in net profit, up from a loss of $3.8 billion in 2022 and significantly higher than previously expected. Back in December of last year, IATA had predicted 2023 profits to be "razor thin", projecting just $4.7 billion in industry-wide net income. https://lnkd.in/edcf4atm #avgeek #aviation #airbus #airbassadors #wemakeitfly #aerospace

I have been waiting for this moment for many years! I am proud to publish my very first Global Outlook for Air Transport, as part of the Industry Analysis team. After a successful 2023, where sector revenue exceeded the 2019 peak and margin rebounded above pre-Covid level, the 2024 should be even stronger. Thanks to the anticipated growth in passenger and cargo traffic, the industry’s revenue should increase by 10% and nearly reach the evocative USD 1 trillion mark. The top-line development will benefit not only from the traffic volumes but also from higher passenger yields. On the flipside, an aggregate return above the cost of capital, however, continues to elude the global airline industry. #airlines #aviation

🛫 US domestic #airlines, once enjoying record profits, now navigate challenges as capacity growth surpasses travel demand. With major carriers expanding and low-cost carriers entering legacy markets, airfares are easing. Find more insights in OAG: #aviation

The T2RL Global Passenger Volumes Projections 2023 Report has just been published. Our projection methodology is characterised by a bottom-up approach, airline-by-airline.  It takes into account reported volumes for the first 9 months / first half of 2023 if available, airlines own projections and capacity plans for the rest of the year, domestic to international ratios, airline suspension durations, the latest international border closure dates, airline business models and regions. Download the FREE report summary here: https://lnkd.in/eBFpvsZb #airlineindustry #travelindustry #data #research

The International Air Transport Association (IATA) reports a significant 8.0% increase in global passenger demand for July compared to last year. Total capacity also rose by 7.4% year-on-year. The July load factor hit an impressive 86.0%, with no major impact from the CrowdStrike IT outage on July 19. Read more here: https://lnkd.in/ehhdizdH #Aviation #TravelTrends #PassengerDemand #IATA

🔒 📢 Europe aviation capacity outlook: above 2019 levels again in 2Q2024, but air fares weaken Capacity projections based on airline schedules show that seat numbers to/from/within Europe are set to be 102.1% of 2019 levels in 3Q2024 (source: CAPA - Centre for Aviation/OAG). Read more: https://bit.ly/4blKPJ9

4.39 billion passengers boarded globally in 2023, 61% was domestic traffic, 31% international traffic. The latest in-depth report includes T2RL analysis on the domestic and international passenger traffic market for 2023, based on the data of 1000+ airlines globally. In 2023, both domestic and international traffic witnessed an increases compared to 2022. When compared to 2019 traffic levels, domestic traffic managed to surpass pre-pandemic levels, however international traffic still falls short. To see the full report and detailed analysis by region and the top 10 international carriers subscribe here https://ow.ly/VGbq50SCkoE #airlines #marketintelligence #T2RLInsight

June air cargo demand soared 14.1% in cargo ton-kilometers from the same month last year, the seventh consecutive month of double-digit year-on-year growth, the International Air Transport Association (IATA) said. The strong demand resulted in volumes exceeding 2023, 2022, and even the record-breaking 2021 levels, said the association which represents 330 airlines comprising 80% of global air traffic. #aircargo #aviation

Airline profitability is set to surge this year, according to research by the International Air Transport Association (IATA). Combined net profits are set to jump from just over $27bn in 2023 to $30.5bn this year; while industry revenues are expected to reach an historic high of $996 billion in 2024. Read more on ittn.ie https://lnkd.in/eRu-3aRH #ittnswitchedon