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June 06, 2019

IATA: Slowing Demand And Rising Costs Squeeze Airline Profits

Says The Business Environment For Airlines Has Deteriorated With Rising Fuel Prices And A Substantial Weakening Of World Trade

The International Air Transport Association (IATA) has announced a downgrade of its 2019 outlook for the global air transport industry to a $28 billion profit (from $35.5 billion forecast in December 2018). That is also a decline on 2018 net post-tax profits which IATA estimates at $30 billion (re-stated).

If A Deal Is Made, It Could Spell The End Of Commercial Aviation At Bombardier

Negotiations are getting very serious between Mitsubishi Heavy Industries and Bombardier for the Japanese company's acquisition of the CRJ program, according to sources familiar with the talks.

Sign Cooperative Agreement To Research 'Flying-V' Airliner

KLM president & CEO Pieter Elbers and Dean of the Faculty of Aerospace Engineering at Delft University of Technology (TU Delft) Professor Henri Werij have signed a new cooperative agreement to work together on making aviation more sustainable at the IATA Annual General Meeting in Seoul. KLM will be contributing towards TU Delft’s research into an innovative flight concept known as the “Flying-V”, which embraces an entirely different approach to aircraft design, in anticipation and support of sustainable long-distance flight in the future.