Financial Symposium September 2018 Madrid Marriott Auditorium Hotel & Conference Center

Size: px
Start display at page:

Download "Financial Symposium September 2018 Madrid Marriott Auditorium Hotel & Conference Center"

Transcription

1 5 World th Financial Symposium September 2018 Madrid Marriott Auditorium Hotel & Conference Center

2 7 th SIS General Meeting 18 th September 2018 Madrid Marriott Auditorium Hotel & Conference Center

3 Global Industry Update SIS General Meeting 18 th September 2018 Nicole Boussioti Head, Member & External Relations Europe

4 Source: ATAG AVIATION IS AN ECONOMIC ENABLER

5 Robust pax volumes growth but some easing for freight Billions per month Billions per month %yoy RPKs, seasonally adjusted FTKs, seasonally adjusted 2.1%yoy Source: IATA 5

6 and load factor trends have begun to diverge % of ASKs % of AFTKs 83% 47% 82% 46% 81% 45% 80% 44% 79% 43% 78% Passenger load factor, seasonally adjusted Freight load factor, seasonally adjusted 42% 77% % Source: IATA 6

7 Industry profitability still high and now stabilizing 14% Worldwide average airline operating margin 12% 10% 8% 6% 4% 2% 0% Data adjusted to remove seasonal influences Unadjusted data -2% Source: The Airline Analyst, IATA 4

8 Rising costs are a key challenge Year-on-year % change 20% 15% Industry wide growth in unit revenues and unit costs 10% Unit cost growth 5% 0% -5% Unit revenue growth -10% -15% -20% Source: IATA Economics using data from Platts, ICE 5

9 and its not only due to oil prices US cents per ASK % contribution to increase in CASK Unit cost changes between 2016 Q1 and 2017 Q4 30% 11% 8% % CASK 2016 Q1 Fuel Labour Infra- structure Other CASK 2017 Q4 Source: IATA Economics using data from Datastream, Markit, Oxford Economics 6

10 Divergent trends in premium & economy pax yields (base fare) 105 Indices (Jan 2011=100), seasonally adjusted, $US terms Premium-class yield Economy-class yield Source: IATA 7

11 Producing good returns for investors for a 4 th year % of invested capital 12 Return on capital invested in airlines and their cost of capital 10 8 Cost of capital (WACC) Return on capital (ROIC) Source: IATA 11

12 Industry profits under pressure in 2018, but still high Global commercial airline profitability % revenues US$ billion EBIT margin (left axis) Net post-tax profit (right axis) Source: ICAO, IATA 12

13 Driven largely by N.America (again) plus Europe & Asia 40 US$ billion Africa L America Middle East Asia Pacific Europe N America f Source: ICAO, IATA 13

14 Per passenger (net) profit shows wide regional variation 25 US$ Profit per passenger (US$) (f) Nth America Latin America Europe Asia Pacific Africa Middle East Industry Source: IATA 14

15 What do you see as the top 3 downside global economic risks over the next two years? Key downside global risks? Brexit-related uncertainty weighs heavily on Europe Rise of populism in the EU (eg Italian populist coalition) What do you see as the top 3 downside global economic risks over the next two years? Oil and commodity price rally accelerates Brexit-related uncertainty weighs heavily on Europe Rise of populism in the EU (eg Italian populist n/a coalition) Heightened foreign policy uncertainty triggers synchronised slowdown Q Q Q Q Oil and commodity price rally accelerates Tighter policies in China Heightened foreign policy uncertainty triggers Market turmoil (eg synchronised amid G7 policy slowdown tightening, corporate sector distress) Geopolitical tensions (eg relating to Korea, Russia, Syria) corporate sector distress) Synchronised global growth falters in wake of US rate rises and tapering Russia, of QE Syria) in Eurozone Tighter policies in China Market turmoil (eg amid G7 policy tightening, Geopolitical tensions (eg relating to Korea, n/a Synchronised global growth falters in wake of US rate rises Trade and tapering war hits of global QE in growth Eurozone Trade war hits global growth 0% 10% 20% 30% 40% 50% 0% Percentage 10% 20% of respondents 30% 40% citing as 50% top risk Percentage of respondents citing as top risk Source: Oxford Economics Percentage of respondents citing as top risk 12 n/a n/a

16

Economic performance of the airline industry Mid-year 2017 update. Brian Pearce, Chief Economist, IATA

Economic performance of the airline industry Mid-year 2017 update. Brian Pearce, Chief Economist, IATA Economic performance of the airline industry Mid-year 2017 update Brian Pearce, Chief Economist, IATA www.iata.org/economics % change over previous year Index, 50 = no change in output Performance drivers

More information

Global commercial airline industry outlook March 2013 update

Global commercial airline industry outlook March 2013 update Global commercial airline industry outlook March 213 update Brian Pearce Chief Economist www.iata.org/economics To represent, lead and serve the airline industry Monthly RPK (Billions) Monthly FTK (Billions)

More information

The outlook for commercial air transport

The outlook for commercial air transport The outlook for commercial air transport Brian Pearce Chief Economist www.iata.org/economics To represent, lead and serve the airline industry RPKs per month, billion Demand for air travel and cargo diverge

More information

Global Economic Outlook

Global Economic Outlook Global Economic Outlook Brian Pearce Chief Economist Embargoed until 10:30AM CET 1 Million barrels a day US$ per barrel Are the markets signalling recession ahead? 60 55 Business confidence (left scale)

More information

September 2010 Brian Pearce To represent, lead and serve the airline industry

September 2010 Brian Pearce   To represent, lead and serve the airline industry Cycle turns up but risks and structural challenges remain September 2010 Brian Pearce www.iata.org/economics To represent, lead and serve the airline industry Confidence was still high in July survey Airline

More information

Economic Performance of the Airline Industry

Economic Performance of the Airline Industry Economic Performance of the Airline Industry Airline Cost Conference 25 th August 2015 Brian Pearce, Chief Economist www.iata.org/economics To represent, lead and serve the airline industry number of airlines

More information

AIR PASSENGER MARKET ANALYSIS

AIR PASSENGER MARKET ANALYSIS AIR PASSENGER MARKET ANALYSIS OCTOBER 2014 KEY POINTS Air travel volumes were up 5.7% in October year-on-year, slightly stronger than the September rise of 5.2%, and a continuation of the positive growth

More information

The wide spread of financial performance

The wide spread of financial performance The wide spread of financial performance WFS Summit 13 th September 2015 Brian Pearce, Chief Economist www.iata.org/economics To represent, lead and serve the airline industry % revenues US$ billion 2015

More information

AIR PASSENGER MARKET ANALYSIS

AIR PASSENGER MARKET ANALYSIS Monthly RPK (Billions) Monthly FTK (Billions) Index of business confidence % change over year AIR PASSENGER MARKET ANALYSIS JANUARY 2014 KEY POINTS Air travel markets commenced 2014 with a strong increase

More information

Airline financial performance

Airline financial performance Airline financial performance 30 March 2017 Brian Pearce Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1 The air transport paradox Source: McKinsey presentation

More information

Index of business confidence. Monthly FTK (Billions) May 2014 vs. May 2013 YTD 2014 vs. YTD 2013 May 2014 vs. Apr 2014

Index of business confidence. Monthly FTK (Billions) May 2014 vs. May 2013 YTD 2014 vs. YTD 2013 May 2014 vs. Apr 2014 AIR PASSENGER MARKET ANALYSIS MAY 2014 KEY POINTS Air travel markets rose by a strong 6.2% in May compared to a year ago. Although this is slightly down on April growth of 7.6%, April was positively biased

More information

Index of business confidence. Monthly FTK (Billions) Apr 2014 vs. Apr 2013 YTD 2014 vs. YTD 2013 Apr 2014 vs. Mar 2014

Index of business confidence. Monthly FTK (Billions) Apr 2014 vs. Apr 2013 YTD 2014 vs. YTD 2013 Apr 2014 vs. Mar 2014 AIR PASSENGER MARKET ANALYSIS APRIL 2014 KEY POINTS Growth in air travel picked-up in April, rising 7.5% compared to a year ago. This is an acceleration on March, when revenue passenger kilometers increased

More information

AIR PASSENGER MARKET ANALYSIS MAY 2015 KEY POINTS

AIR PASSENGER MARKET ANALYSIS MAY 2015 KEY POINTS AIR PASSENGER MARKET ANALYSIS MAY 2015 KEY POINTS Global air travel rose by a strong 6.9% in May compared to a year ago. This was an acceleration on April year-overyear growth of 5.7%. Air travel was strong

More information

AIR PASSENGER MARKET ANALYSIS

AIR PASSENGER MARKET ANALYSIS Monthly RPK (Billions) Monthly FTK (Billions) Index of business confidence % change over year AIR PASSENGER MARKET ANALYSIS NOVEMBER 2013 KEY POINTS Air travel markets increased at a solid rate in November,

More information

PREMIUM TRAFFIC MONITOR JANUARY 2013 KEY POINTS

PREMIUM TRAFFIC MONITOR JANUARY 2013 KEY POINTS Premium Pax, Million Economy Pax, Million PREMIUM TRAFFIC MONITOR JANUARY 213 KEY POINTS Growth in premium travel slowed in January. The number of passengers traveling in premium seats on international

More information

AIR PASSENGER MARKET ANALYSIS

AIR PASSENGER MARKET ANALYSIS Monthly RPK (Billions) Monthly FTK (Billions) Index of business confidence % change over year AIR PASSENGER MARKET ANALYSIS APRIL 2013 KEY POINTS Global revenue passenger kilometers were up 3.2% in April

More information

Aviation Updates. Mr. John Schubert. Managing Director, Marketing-Asia Pacific & India

Aviation Updates. Mr. John Schubert. Managing Director, Marketing-Asia Pacific & India Aviation Updates Mr. John Schubert Managing Director, Marketing-Asia Pacific & India Market Update The statements contained herein are based on good faith assumptions are to be used for general information

More information

Airline financial performance and longterm developments in air travel markets

Airline financial performance and longterm developments in air travel markets Airline financial performance and longterm developments in air travel markets March 2018 Brian Pearce, Chief Economist, IATA www.iata.org/economics % of invested capital Investor returns falling but above

More information

AIR PASSENGER MARKET ANALYSIS JANUARY 2015 KEY POINTS

AIR PASSENGER MARKET ANALYSIS JANUARY 2015 KEY POINTS AIR PASSENGER MARKET ANALYSIS JANUARY 2015 KEY POINTS Global air travel was up 4.6% in January compared to a year ago, a slower start to the year when compared to the strong 5.8% expansion in 2014 overall.

More information

Airline industry outlook remains fragile

Airline industry outlook remains fragile Airline industry outlook remains fragile June 2009 www.iata.org/economics To represent, lead and serve the airline industry Airline industry outlook remains fragile Green shoots starting to appear Recovery

More information

AIR PASSENGER MARKET ANALYSIS SEPTEMBER 2015 KEY POINTS

AIR PASSENGER MARKET ANALYSIS SEPTEMBER 2015 KEY POINTS AIR PASSENGER MARKET ANALYSIS SEPTEMBER 2015 KEY POINTS Global air travel rose 7.3% in September compared to a year ago. The mid-year data showed some distortion from holiday impacts, but the last couple

More information

AIR PASSENGER MARKET ANALYSIS MARCH 2015 KEY POINTS

AIR PASSENGER MARKET ANALYSIS MARCH 2015 KEY POINTS AIR PASSENGER MARKET ANALYSIS MARCH 2015 KEY POINTS Global air travel rose by a strong 7.4% in March compared to a year ago, an improvement on the February result of 6.4%. The acceleration in the year-on-year

More information

AIR TRANSPORT MARKET ANALYSIS MAY 2011

AIR TRANSPORT MARKET ANALYSIS MAY 2011 AIR TRANSPORT MARKET ANALYSIS MAY 2011 KEY POINTS May saw a renewed expansion in both air travel and freight, after a soft patch during the previous three months. Air travel volumes were 6.8% higher than

More information

Quarterly Aviation Industry Performance

Quarterly Aviation Industry Performance Quarterly Aviation Industry Performance ALAFCO Aviation Lease and Finance Company K.S.C.P. Quarterly Aviation Industry Performance (March - June 17) Prepared by: Strategic Planning department 1 Quarterly

More information

Index of business confidence. Monthly FTK (Billions) Sep 2013 vs. Sep 2012 YTD 2013 vs. YTD 2012 Sep 2013 vs. Aug 2013

Index of business confidence. Monthly FTK (Billions) Sep 2013 vs. Sep 2012 YTD 2013 vs. YTD 2012 Sep 2013 vs. Aug 2013 AIR PASSENGER MARKET ANALYSIS SEPTEMBER 2013 KEY POINTS Air travel markets expanded at a solid rate in September. Global revenue passenger kilometers were up 5.5% compared to a year ago. This is a slight

More information

Industry Update. ACI-NA Winter Board of Directors Meeting February 3, 2016 Orlando, FL

Industry Update. ACI-NA Winter Board of Directors Meeting February 3, 2016 Orlando, FL Industry Update ACI-NA Winter Board of Directors Meeting February 3, 2016 Orlando, FL U.S. & Canadian GDP 8% 6% 4% U.S.* Canada** Estimate by BEA as of 02/11/16 2% 0% -2% -4% -6% -8% -10% The U.S. economy

More information

AIR PASSENGER MARKET ANALYSIS JULY 2015 KEY POINTS

AIR PASSENGER MARKET ANALYSIS JULY 2015 KEY POINTS AIR PASSENGER MARKET ANALYSIS JULY 2015 KEY POINTS Global air travel rose 8.2% in July compared to a year ago, partly reflecting an upward bias due to the timing of Ramadan. But even after controlling

More information

Index of business confidence. Monthly FTK (Billions) Aug 2013 vs. Aug 2012 YTD 2013 vs. YTD 2012 Aug 2013 vs. Jul 2013

Index of business confidence. Monthly FTK (Billions) Aug 2013 vs. Aug 2012 YTD 2013 vs. YTD 2012 Aug 2013 vs. Jul 2013 AIR PASSENGER MARKET ANALYSIS AUGUST 2013 KEY POINTS Air travel markets expanded strongly in August. Global revenue passenger kilometers were up 6.8% compared to a year ago, an improvement on July growth

More information

AIR PASSENGER MARKET ANALYSIS JUNE 2015 KEY POINTS

AIR PASSENGER MARKET ANALYSIS JUNE 2015 KEY POINTS AIR PASSENGER MARKET ANALYSIS JUNE 2015 KEY POINTS Global air travel rose 5.7% in June compared to a year ago, a slowdown on the strong May increase of 6.9%. The deceleration is due to slower growth in

More information

PREMIUM TRAFFIC MONITOR DECEMBER 2014 KEY POINTS

PREMIUM TRAFFIC MONITOR DECEMBER 2014 KEY POINTS PREMIUM TRAFFIC MONITOR DECEMBER 2014 KEY POINTS International air travel recorded another moderate rise to end 2014, up 3.6% in December compared to a year ago. The annual expansion was in line with the

More information

Quarterly Aviation Industry Performance

Quarterly Aviation Industry Performance Quarterly Aviation Industry Performance ALAFCO Aviation Lease and Finance Company K.S.C.P. Quarterly Aviation Industry Performance 3Q17 (Updated November 17) Prepared by: Strategic Planning department

More information

Airline Current Business Environment Alex Heiter

Airline Current Business Environment Alex Heiter Airline Current Business Environment Alex Heiter Istanbul Technical University Air Transportation Management M.Sc. Program Network, Fleet and Schedule Strategic Planning Module 2: 28 March 2016 The underlying

More information

AIR TRANSPORT MARKET ANALYSIS JULY 2011

AIR TRANSPORT MARKET ANALYSIS JULY 2011 AIR TRANSPORT MARKET ANALYSIS JULY 2011 KEY POINTS Despite an increasingly gloomy economic outlook, air travel continued to expand at a pace close to trend in July, to a level 5.9% higher than a year earlier.

More information

AIR PASSENGER MARKET ANALYSIS DECEMBER 2015 KEY POINTS

AIR PASSENGER MARKET ANALYSIS DECEMBER 2015 KEY POINTS AIR PASSENGER MARKET ANALYSIS DECEMBER 2015 KEY POINTS Global air passenger traffic grew by 6.5% in 2015 as a whole the fastest pace since the post-gfc rebound in 2010 and well above the 10-year average

More information

Index of business confidence. Monthly FTK (Billions) June 2012 vs. June 2011 YTD 2012 vs. YTD 2011 RPK ASK PLF FTK AFTK FLF RPK ASK PLF FTK AFTK FLF

Index of business confidence. Monthly FTK (Billions) June 2012 vs. June 2011 YTD 2012 vs. YTD 2011 RPK ASK PLF FTK AFTK FLF RPK ASK PLF FTK AFTK FLF Monthly RPK (Billions) Monthly FTK (Billions) Index of business confidence % change over year AIR TRANSPORT MARKET ANALYSIS JUNE 2012 KEY POINTS Air travel markets expanded in June, but the trend in passenger

More information

Global economy and aviation do we have room to grow?

Global economy and aviation do we have room to grow? Global economy and aviation do we have room to grow? 18 January 2017 Brian Pearce Chief Economist, IATA Airline Industry Economics Advisory Workshop 2016 1 Room to grow? Looking through the cycle Potential

More information

Air transport creates large returns for national economies but returns for airlines are unsustainably weak

Air transport creates large returns for national economies but returns for airlines are unsustainably weak Air transport creates large returns for national economies but returns for airlines are unsustainably weak Thomas S. Windmuller SVP and Corporate Secretary Theme air transport brings large economic benefits

More information

AIR TRANSPORT MARKET ANALYSIS APRIL 2011

AIR TRANSPORT MARKET ANALYSIS APRIL 2011 AIR TRANSPORT MARKET ANALYSIS APRIL 2011 KEY POINTS From this month we provide an assessment of global scheduled air transport markets, adding domestic to international, and including both IATA and non-iata

More information

PREMIUM TRAFFIC MONITOR FEBRUARY 2015 KEY POINTS

PREMIUM TRAFFIC MONITOR FEBRUARY 2015 KEY POINTS PREMIUM TRAFFIC MONITOR FEBRUARY 2015 KEY POINTS Passenger travel on international markets rose 4.6% in February compared to a year ago, up on the 3.7% result in January; Economy class travel drove the

More information

Challenges of high growth: Global aviation outlook

Challenges of high growth: Global aviation outlook Challenges of high growth: Global aviation outlook Brian Pearce, Chief Economist www.iata.org/economics To represent, lead and serve the airline industry Challenges of high growth Meeting demand for air

More information

Trends and Challenges for the Airline Industry

Trends and Challenges for the Airline Industry Trends and Challenges for the Airline Industry Tim-Jasper Schaaf Director Marketing & Sales To represent, lead and serve the airline industry The value proposition for air travel remains strong It s safer,

More information

Signs of a structural improvement in airlines financial health?

Signs of a structural improvement in airlines financial health? Signs of a structural improvement in airlines financial health? February 2016 Brian Pearce Chief Economist International Air Transport Association % growth in traffic and ROIC as % invested capital Structural

More information

Navigating through Turbulence. Andrew Herdman AAPA Director General IFSA ITCA WAEA Asia Pacific Conference Kuala Lumpur Malaysia, 29 April 2009

Navigating through Turbulence. Andrew Herdman AAPA Director General IFSA ITCA WAEA Asia Pacific Conference Kuala Lumpur Malaysia, 29 April 2009 Asia Pacific Aviation Navigating through Turbulence Andrew Herdman AAPA Director General IFSA ITCA WAEA Asia Pacific Conference Kuala Lumpur Malaysia, 29 April 2009 Presentation Outline Asia Pacific Aviation

More information

Gregg Gildemann Market Analysis

Gregg Gildemann Market Analysis Gregg Gildemann Market Analysis Boeing Commercial Airplanes 20 February 2018 The statements contained herein are based on good faith assumptions are to be used for general information purposes only. These

More information

PREMIUM TRAFFIC MONITOR JANUARY 2014 KEY POINTS

PREMIUM TRAFFIC MONITOR JANUARY 2014 KEY POINTS Premium Pax, Million Economy Pax, Million PREMIUM TRAFFIC MONITOR JANUARY 14 KEY POINTS The number of passengers traveling in premium seats on international markets expanded by a solid 6.1% in January

More information

Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections*

Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections* 1 Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections*. This is a 1,351 increase over 2016 and a doubling of service since 1996, when there

More information

PREMIUM TRAFFIC MONITOR SEPTEMBER 2013 KEY POINTS

PREMIUM TRAFFIC MONITOR SEPTEMBER 2013 KEY POINTS Premium Pax, Million Economy Pax, Million PREMIUM TRAFFIC MONITOR SEPTEMBER 13 KEY POINTS Growth in premium air travel moderated in September, after a strong rise in August. International premium passenger

More information

PREMIUM TRAFFIC MONITOR AUGUST 2015 KEY POINTS

PREMIUM TRAFFIC MONITOR AUGUST 2015 KEY POINTS PREMIUM TRAFFIC MONITOR AUGUST 2015 KEY POINTS Passenger travel on international markets was up 5.4% in August year-on-year, reflecting strong growth on the Within Europe travel market. Both travel classes

More information

Randy Tinseth Vice President, Marketing Boeing Commercial Airplanes

Randy Tinseth Vice President, Marketing Boeing Commercial Airplanes Randy Tinseth Vice President, Marketing Boeing Commercial Airplanes June 2017. The statements contained herein are based on good faith assumptions are to be used for general information purposes only.

More information

PREMIUM TRAFFIC MONITOR OCTOBER 2015 KEY POINTS

PREMIUM TRAFFIC MONITOR OCTOBER 2015 KEY POINTS PREMIUM TRAFFIC MONITOR OCTOBER 2015 KEY POINTS Passenger travel on international markets was up 4.5% in October year-on-year, overall. For economy class travel, passenger numbers were up 4.6% but that

More information

PREMIUM TRAFFIC MONITOR APRIL 2015 KEY POINTS

PREMIUM TRAFFIC MONITOR APRIL 2015 KEY POINTS PREMIUM TRAFFIC MONITOR APRIL 2015 KEY POINTS Passenger travel on international markets rose 3.8% in April compared to a year ago, slower than the 4.6% result in March. The growth trend for international

More information

IATA ECONOMIC BRIEFING DECEMBER 2008

IATA ECONOMIC BRIEFING DECEMBER 2008 ECONOMIC BRIEFING DECEMBER 28 THE IMPACT OF RECESSION ON AIR TRAFFIC VOLUMES Recession is now forecast for North America, Europe and Japan late this year and into 29. The last major downturn in air traffic,

More information

New Distribu,on Capability

New Distribu,on Capability New Distribu,on Capability IATA, Sébas,en Touraine Traveltrend Seminar - NBTA 2. September 2013 OSLO To represent, lead and serve the airline industry Outlook for profitability is improving slowly % revenues

More information

Asia Pacific Aviation

Asia Pacific Aviation Asia Pacific Aviation EMBRACING FUTURE CHALLENGES Andrew Herdman Director General Association of Asia Pacific Airlines Overview Asia Pacific aviation Industry trends & outlook Evolving business strategies

More information

CARGO E-CHARTBOOK Q4 2010

CARGO E-CHARTBOOK Q4 2010 CARGO E-CHARTBOOK Q4 1 KEY POINTS Whilst concerns over a possible double dip continue to recede, there are marked differences in the rates of economic growth both between as well as within regions, which

More information

PREMIUM TRAFFIC MONITOR JULY 2014 KEY POINTS

PREMIUM TRAFFIC MONITOR JULY 2014 KEY POINTS PREMIUM TRAFFIC MONITOR JULY 2014 KEY POINTS Growth in international air passengers was weak for a second consecutive month with a 2.6% increase in July compared to a year ago premium seat numbers rose

More information

PREMIUM TRAFFIC MONITOR SEPTEMBER 2012 KEY POINTS

PREMIUM TRAFFIC MONITOR SEPTEMBER 2012 KEY POINTS Premium Pax, Million Economy Pax, Million PREMIUM TRAFFIC MONITOR SEPTEMBER 212 KEY POINTS The number of passengers travelling in premium seats was 3.8% higher in September compared to a year ago. This

More information

Management Discussions and Analysis for the three-month period ended 31 March 2014 and Executive Summary

Management Discussions and Analysis for the three-month period ended 31 March 2014 and Executive Summary Executive Summary Overview of the global economy during the first quarter of 2015 (Q1/2015) are as following; the US economy has been in recovery mode while rapidly dollar appreciation weighs on net exports

More information

Civil aviation and its changing world of work

Civil aviation and its changing world of work GDFCA/2013 Civil aviation and its changing world of work Sectoral Activities Department Introduction This Global Dialogue Forum is to discuss The effects of the economic crisis in the civil aviation industry,

More information

Financial overview. Adjusted operating cash flow* Annual dividend (excluding special dividend) Dollar movement. Percentage

Financial overview. Adjusted operating cash flow* Annual dividend (excluding special dividend) Dollar movement. Percentage 1 Financial overview June 2007 June 2006 Dollar movement Percentage movement Operating revenue $4,297m $3,805m $492m 13% PBUT $268m $150m $118m 79% NPAT $214m $96m $118m 123% Adjusted operating cash flow*

More information

IATA ECONOMIC BRIEFING FEBRUARY 2007

IATA ECONOMIC BRIEFING FEBRUARY 2007 IATA ECONOMIC BRIEFING FEBRUARY 27 NEW AIRCRAFT ORDERS KEY POINTS New aircraft orders remained very high in 26. The total of 1,834 new orders for Boeing and Airbus commercial planes was down slightly from

More information

Introduction to IATA

Introduction to IATA Introduction to IATA Founded in 1945 Travel Agency Community of 90,000 offices Plays a vital and central in airline product distribution IATA Mission: to represent, lead and serve the airline industry

More information

July 2017 Travel Briefing: Air Passenger Traffic Hotel Occupancy Tax-Free Shopping

July 2017 Travel Briefing: Air Passenger Traffic Hotel Occupancy Tax-Free Shopping July 2017 Travel Briefing: Air Passenger Traffic Hotel Occupancy Tax-Free Shopping Key Trends in Air Passenger Traffic, Hotel Occupancy and Tax-Free Shopping in July 2017 Growth in international air passenger

More information

KOREAN AIR 4Q17 FINANCIAL RESULTS

KOREAN AIR 4Q17 FINANCIAL RESULTS KOREAN AIR 4Q17 FINANCIAL RESULTS 1 Disclaimer This presentation is for informational purposes only, contains preliminary financial and other information about Korean Air Lines Co., Ltd. and is subject

More information

2012 Result. Mika Vehviläinen CEO

2012 Result. Mika Vehviläinen CEO 2012 Result Mika Vehviläinen CEO 1 Agenda Market environment in Q4 Business performance and strategy execution Outlook Financials 2 Market Environment According to IATA, Global air travel continues to

More information

Boeing Commercial Airplanes

Boeing Commercial Airplanes May 2014 Investor Conference Boeing Commercial Airplanes Ray Conner President and Chief Executive Officer Boeing Vice Chairman May 21, 2014 Boeing Commercial Airplanes Strong operating performance Record

More information

AerCap Holdings N.V. Aengus Kelly, CEO. January 2017

AerCap Holdings N.V. Aengus Kelly, CEO. January 2017 AerCap Holdings N.V. Aengus Kelly, CEO January 2017 Industry Update Looking Back PASSENGER TRAFFIC GROWTH Air traffic growth in 2016 remained robust, short-haul at 5.6% and long-haul at 6.4% 1 CHINA SLOWING

More information

PREMIUM TRAFFIC MONITOR AUGUST 2012 KEY POINTS

PREMIUM TRAFFIC MONITOR AUGUST 2012 KEY POINTS Premium Pax, Million Economy Pax, Million PREMIUM TRAFFIC MONITOR AUGUST 212 KEY POINTS The number of passengers flying on premium seats on international markets rebounded in August, with the market 8.%

More information

JUNE 2016 GLOBAL SUMMARY

JUNE 2016 GLOBAL SUMMARY JUNE 2016 GLOBAL SUMMARY FAST FACTS The world of air transport, 2014 All figures are for 2014, unless otherwise stated, to give a single set of data for one year. Where available, the latest figures are

More information

Sponsored by: Opening Plenary

Sponsored by: Opening Plenary Sponsored by: Opening Plenary WORLD PASSENGER SYMPOSIUM October 15 17, 2014 San Diego, CA, USA Opening Plenary IATA Opening Remarks Aleks Popovich Senior Vice President, Financial and Distribution Services

More information

Asia Pacific Aviation

Asia Pacific Aviation Asia Pacific Aviation Industry Perspective Andrew Herdman Director General Association of Asia Pacific Airlines International Aviation Fuel Conference 5 April 2012 Beijing, China Overview Global Mobility

More information

LEAVING THE RED Creating a profitable airline

LEAVING THE RED Creating a profitable airline Despite airline industry growth over decades, the majority of airline businesses remain consistently unprofitable over an entire business cycle. - Ganna Demydyuk, Choosing financial KPI in the Airline

More information

Air China Limited Interim Results. August Under IFRS

Air China Limited Interim Results. August Under IFRS Air China Limited 21 Interim Results Under IFRS August 21 1 Agenda 21 Interim Results Overview Business Overview Financial Overview Outlook 2 2 2 21 Interim Results 3 21 Interim Results Overview 4 4 4

More information

Air China Limited Announces 2010 Annual Results

Air China Limited Announces 2010 Annual Results Air China Limited Announces 2010 Annual Results Profit reaches record high on strong economic growth Hong Kong March 29, 2011 Air China Limited ( Air China or the Company, together with its subsidiaries,

More information

Regional Differences in International Airline Operating Economics: 2008 and 2009

Regional Differences in International Airline Operating Economics: 2008 and 2009 Cir 332 AT/191 Regional Differences in International Airline Operating Economics: 2008 and 2009 Approved by the Secretary General and published under his authority International Civil Aviation Organization

More information

Market Outlook. Michael Warner, Director Market Analysis. Boeing Commercial Airplanes October October 7 10, 2012 Atlanta, Georgia, USA

Market Outlook. Michael Warner, Director Market Analysis. Boeing Commercial Airplanes October October 7 10, 2012 Atlanta, Georgia, USA Market Outlook Michael Warner Director, Market Analysis Boeing Commercial Airplanes October 2012 Agenda Aviation environment Current products Product strategy & development 2012 719 net orders through

More information

Passenger traffic growth rate slowed to 3.6% in August; air freight volumes increased by 4.8%

Passenger traffic growth rate slowed to 3.6% in August; air freight volumes increased by 4.8% Passenger traffic growth rate slowed to 3.6% in August; air freight volumes increased by 4.8% Montréal, 24 October Global airport passenger traffic lost momentum from a growth rate of 5.4% in July to 3.6%

More information

Outlook for air travel markets

Outlook for air travel markets Outlook for air travel markets June 2016 Brian Pearce Chief Economist International Air Transport Association Extended period of strong air travel market growth 30% 25% 20% 15% 10% 5% 0% -5% -10% -15%

More information

Worldwide Fleet Forecast

Worldwide Fleet Forecast Worldwide Fleet Forecast Presented to: Montreal June 6, 26 DAVID BECKERMAN Director, Consulting Services Agenda State of the Industry Worldwide Fleet Regional Jets Narrowbody Jets Large Widebody Jets Freighter

More information

Industry Monitor The EUROCONTROL bulletin on air transport trends

Industry Monitor The EUROCONTROL bulletin on air transport trends EUROCONTROL 2010 Issue N 118. 30/04/10 Industry Monitor The EUROCONTROL bulletin on air transport trends European air traffic increased by 1.6% in March International air traffic grew 9% during the first

More information

Results 2Q17. August 9, 2017

Results 2Q17. August 9, 2017 Results 2Q17 August 9, 2017 2Q17 Highlights Indicators 2Q17 Var. x 2Q16 ASK (BN) 10.4-3.0% Traffic (000) 7,261-1.3% RPK (BN) 8.1 +0.5% Load Factor 77.9% +2.7 p.p. Yield (R$ cents) 23.2 +4.8% Pax Revenue

More information

Biggest challenges coming 2018

Biggest challenges coming 2018 Biggest challenges coming 2018 Oil prices still increasing Heightened Competition Uncertain Political Environment Labor Costs increasing $ Reducing debt Despite these challenges Demand all time high Improving

More information

Robust passenger traffic growth; freight volumes reach 3-month peak with double-digit growth

Robust passenger traffic growth; freight volumes reach 3-month peak with double-digit growth Robust passenger traffic growth; freight volumes reach 3-month peak with double-digit growth Montréal, 27 October Global passenger traffic increased 6.7% in August and 6.8% year to date. Global freight

More information

Air China Limited Annual Results. March Under IFRS

Air China Limited Annual Results. March Under IFRS Air China Limited 21 Annual Results Under IFRS March 211 Agenda Part 1 Highlights Part 2 Business Overview Part 3 Financial Overview Part 4 Outlook 2 Part 1 Highlights Steady Economic Growth; Asia Pacific

More information

John Schubert Managing Director Asia Pacific & India Marketing

John Schubert Managing Director Asia Pacific & India Marketing John Schubert Managing Director Asia Pacific & India Marketing September 2017. The statements contained herein are based on good faith assumptions are to be used for general information purposes only.

More information

The Airline Crisis. 25 th IFATCA ASP Regional Meeting. Shixin CHENG Manager, Safety, Operations & Infrastructure IATA North Asia Region

The Airline Crisis. 25 th IFATCA ASP Regional Meeting. Shixin CHENG Manager, Safety, Operations & Infrastructure IATA North Asia Region The Airline Crisis 25 th IFATCA ASP Regional Meeting Shixin CHENG Manager, Safety, Operations & Infrastructure IATA North Asia Region To represent, lead and serve the airline industry Outlook for the airline

More information

Asia Pacific Aviation

Asia Pacific Aviation Asia Pacific Aviation Responding to Challenges Andrew Herdman Director General Association of Asia Pacific Airlines Overview Asia Pacific aviation Safety trends Current business conditions Future growth

More information

World Air Transport Statistics. Special AGM Edition WORLD AIR TRANSPORT SUMMIT

World Air Transport Statistics. Special AGM Edition WORLD AIR TRANSPORT SUMMIT World Air Transport Statistics Special AGM Edition WORLD AIR TRANSPORT SUMMIT 61 st IATA ANNUAL GENERAL MEETING TOKYO, 29-31 MAY 2005 World Air Transport Statistics Ref. No: 9011-AGM 2005 International

More information

US $ 1,800 1,600 1,400 1,200 1,000

US $ 1,800 1,600 1,400 1,200 1,000 IATA ECONOMIC BRIEFING JULY 9 INFRASTRUCTURE COSTS SUMMARY Historical data indicates that during recession periods infrastructure providers usually increase their prices while other prices are falling

More information

Air China Limited Announces 2009 Annual Results

Air China Limited Announces 2009 Annual Results Air China Limited Announces 2009 Annual Results Record Operating Profit in Complex Market Environment Strengthened Position to Capture Growth Opportunities Hong Kong April 22, 2010 Air China Limited (

More information

Global Airline Trends and Impacts International Aviation Issues Seminar

Global Airline Trends and Impacts International Aviation Issues Seminar Global Airline Trends and Impacts International Aviation Issues Seminar December 2017, Washington D.C. Oliver Lamb Managing Director 1 Around the world in 45 minutes Financial Performance Canada Mexico

More information

Air transport demand shows continued resilience despite geopolitical pressure as passenger and freight traffic grow

Air transport demand shows continued resilience despite geopolitical pressure as passenger and freight traffic grow Air transport demand shows continued resilience despite geopolitical pressure as passenger and freight traffic grow Montreal, 7 August 2018 Airports Council International (ACI) World reported global passenger

More information

PREMIUM TRAFFIC MONITOR MARCH 2009

PREMIUM TRAFFIC MONITOR MARCH 2009 PREMIUM TRAFFIC MONITOR MARCH 2009 KEY POINTS The fall in passenger numbers slowed in March, to a decline of 9.3% following February s 9.6% fall. However, this slowdown was entirely due to February s fall

More information

North Atlantic Performance Trends

North Atlantic Performance Trends North Atlantic Performance Trends Presented To: ICAO NAT EFFG 32 Paris, France Presented By: David Chin, Thea Graham Prepared By: Tony Choi, Carlos Garcia FAA - Air Traffic Organization Date: April 26,

More information

PREMIUM TRAFFIC MONITOR JULY 2012

PREMIUM TRAFFIC MONITOR JULY 2012 Premium Pax, Million Economy Pax, Million PREMIUM TRAFFIC MONITOR JULY 212 KEY POINTS The second half of 212 began with further signs of weakness in air travel markets. The number of passengers buying

More information

Industry Update. ACI-NA Winter Board of Directors Meeting February 7, 2018 Palm Beach Gardens, FL

Industry Update. ACI-NA Winter Board of Directors Meeting February 7, 2018 Palm Beach Gardens, FL Industry Update ACI-NA Winter Board of Directors Meeting February 7, 2018 Palm Beach Gardens, FL 1Q2007 2Q2007 3Q2007 4Q2007 1Q2008 2Q2008 3Q2008 4Q2008 1Q2009 2Q2009 3Q2009 4Q2009 1Q2010 2Q2010 3Q2010

More information

Vueling completes its restructuring plan and turns a 13.4m operating profit in Q2

Vueling completes its restructuring plan and turns a 13.4m operating profit in Q2 Vueling completes its restructuring plan and turns a 13.4m operating profit in Highlights Vueling turned a 13.4m operating profit (excluding restructuring costs) during the second quarter in the year,

More information

Economic and Tourism Industry Outlook February 2018

Economic and Tourism Industry Outlook February 2018 Economic and Tourism Industry Outlook 2018 7 February 2018 1 Key Issues in Thai Economy Growth Projections for Thai Economy in 2017 and 2018 %YoY 3.9 4.0 4.0 3.2 3.0 2.0 1.0 0.0 2016 2017F 2018F Source:

More information

PRESS RELEASE Financial Results. Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue

PRESS RELEASE Financial Results. Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue PRESS RELEASE 2016 Financial Results Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue Kifissia, 23 March 2017 AEGEAN reports full year 2016 results with consolidated revenue at 1,020m,

More information

QANTAS HALF YEAR 2015 FINANCIAL RESULTS 1

QANTAS HALF YEAR 2015 FINANCIAL RESULTS 1 QANTAS HALF YEAR 2015 FINANCIAL RESULTS 1 Key points: Underlying Profit Before Tax: $367 million Statutory Profit After Tax: $206 million Transformation benefits: $374 million Comparable unit cost reduction:

More information