Revenue

Record 5.2 billion people to take to air travel, airlines’ revenue to hit $1 trillion in 2025-IATA

Posted on by Wole Shadare
Record 5.2 billion people to take to air travel, airlines’ revenue to hit $1 trillion in 2025-IATA

The International Air Transport Association (IATA) has announced its financial outlook for the global airline industry in 2025, with the group saying that total industry revenues are expected to be $1.007 trillion, representing an increase of 4.4% from 2024. This is the first time according to IATA that the industry revenues top the $1 trillion mark, while expenses are expected to grow by 4.0% to $940 billion. According to a paper presented by the IATA…

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Aviation agencies reel under 50% revenue deduction yoke

Posted on by Wole Shadare
Aviation agencies reel under 50% revenue deduction yoke

  The recent hike in en-route navigational charges by the Nigerian Airspace Management Agency (NAMA) before it was upturned by Minister of Aviation and Aerospace Development, Festus Keyamo may have come as a result of survival pressure. The agencies reel under the 50% deduction yoke, writes, WOLE SHADARE Minister overrules The Minister of Aviation and Aerospace Development, Festus Keyamo’s quick intervention in the hike in en-route navigation charges was very timely as it provided the Nigerian…

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Aviation industry revenue to reach historic $996 billion in 2024, says IATA

Posted on by Wole Shadare
Aviation industry revenue to reach historic $996 billion in 2024, says IATA

  …Expenses to grow to $936 billion in 2024 Wole Shadare, Dubai Aviation industry revenues are expected to reach a historic high of $996 billion in 2024, just as passenger revenues are expected to reach $744 billion in 2024, up 15.2% from $646 billion in 2023 according to the International Air Transport Association (IATA). It however expressed concern that industry profitability is fragile and could be affected positively or negatively by many factors such as global…

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Amid harsh economic realities, Airbus delivers 142 airplanes, revenues up by 13% Q1 2024

Posted on by Wole Shadare
Amid harsh economic realities, Airbus delivers 142 airplanes, revenues up by 13% Q1 2024

Airbus’ gross commercial aircraft delivered in Q1 2024 rose to 142. This is coming against the backdrop of an operating environment that shows no sign of improvement. The company also reported consolidated financial results for its First Quarter (Q1) ended March 31, 2024. “We delivered first quarter 2024 results against the backdrop of an operating environment that shows no sign of improvement. Geopolitical and supply chain tensions continue. In that context, we delivered 142 commercial…

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United Airlines Announces Q1 2024 Financial Results, Exceeds Revenue Projection

Posted on by Wole Shadare
United Airlines Announces Q1 2024 Financial Results, Exceeds Revenue Projection

…Generates $2.8 Billion Operating Cash Flow   United Airlines (UAL) has reported first-quarter 2024 financial results. The company had a pre-tax loss of $164 million, a $92 million improvement over the same quarter last year; an adjusted pre-tax loss of $79 million, a $187 million improvement on an adjusted basis over the same quarter last year. These earnings reflect the approximately $200 million impact from the Boeing 737 MAX 9 grounding, without which the company would have…

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African carriers to carry 98 million passengers in 2024, revenue rises to $1.83 billion in Jan

Posted on by Wole Shadare
African carriers to carry 98 million passengers in 2024, revenue rises to $1.83 billion in Jan

Ghana proposes $20 passenger fee as Kotoka, 39 nations commit to SAATM     African Airline Association (AFRAA), the umbrella body for the continent’s airlines has estimated that carriers from the region will carry about 98 million passengers in 2024, describing it as a year of recovery. It noted that the continent’s airline operations have exceeded pre-Covid levels both in terms of capacity and traffic carried, stressing that the number of seats offered in the…

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