Globally, passenger traffic demand rose 7.2 percent compared to the same month past year, while capacity grew 6.2 percent and load factor climbed 0.8 percentage points to 80.8 percent.
The price of jet fuel is forecast to jump nearly 13 percent, weighing on earnings at carriers with limited hedging, such as those in the USA and China.The upgraded estimate for this year is still slightly below 2016's $34.8 billion earnings figure, but the 2018 prediction to $38.4 billion would represent a new industry high as passenger numbers top 4.3 billion.
"Strong demand, efficiency and reduced interest payments will help airlines improve net profitability in 2018 despite rising (operating) costs", said IATA, whose 280 members account for more than three quarters of global air traffic.
"These are good times for the global air transport industry", IATA director general Alexandre de Juniac told the worldwide media conference on Tuesday at IATA's Geneva office. "More routes are being opened, and airlines are achieving sustainable levels of profitability", said de Juniac.
To continue to deliver on our full potential, governments need to raise their game-implementing global standards on security, finding a reasonable level of taxation, delivering smarter regulation and building the cost-efficient infrastructure to accommodate growing demand. A rise in cargo carried to 62.5 million tonnes (up 4.5 per cent on the 59.9 million tonnes in 2017).
This year's profit forecast for the region's airlines has, however, been revised downwards from the $400 million profit IATA forecast in June, which was a 63.6 per cent drop from the $1.1 billion the airlines made in 2016.
In a statement today, IATA said, passenger capacity grew by 6.2 per cent and load factor climbed 0.8 percentage point to 80.8 per cent year-on-year (y-o-y). De Juniac has said insolvency filings at carriers including Air Berlin Plc and Alitalia SpA reflect over-capacity rather than market weakness.
In terms of average net profit per departing passenger, global airlines are expecting to see a higher US$8.90 compared with US$8.45 in 2017. Strong performance of the passenger business is supported by expected robust GDP growth of 3.1 per cent, the strongest since 2010.
The Middle Eastern carriers are poised to double profits to US$600 million next year due to a 7 per cent growth in demand and a scaling back of capacity injection. "This led cargo volume to grow at twice the pace of the expansion in world trade (4.3%)", said IATA.
The HP Envy x2 will be available in spring next year, while no timeframe has been shared for the ASUS NovaGo yet. The device runs Windows 10 S out of the box, you will however able to upgrade to Windows 10 Pro.
According to ESPN , Riley, Hill and LiAngelo Ball were subject to review for possible violations to UCLA's Student Conduct Code. LaVar Ball is taking the reins on his suspended son's basketball future.
The fighting that led to Saleh's death also apparently allowed the Houthis gain control of the majority of Yemen's capital Sanaa. Reports in Iranian media and Al Jazeera, based in Qatar, also claimed that the leader had been killed.
The new iOS 11.2 update is there for the eligible devices and the update is rolled out over-the-air in the settings app. The bug was reported soon by the officials and the new update was soon released after realizing the issue.
Meanwhile, The Navy, Coast Guard and Air Force are engaged in rescue operations with their ships, aircraft and helicopters. The intensity of the cyclone is likely to weaken on Monday and subsequently on Tuesday.
Last year , Ohio State was involved in a bit of a controversy again when it didn't win its conference but got in. And the Tide's inclusion also means its the first time the playoff has taken two teams from the same conference.
The Seminoles were ranked third in the AP preseason poll but lost quarterback Deondre Francois in the opener against Alabama . Florida State (5-6) faces Louisiana-Monroe on Saturday and needs a win to be bowl eligible for a 36th consecutive season.
She then paid tribute to those who had come before her. "I don't have ideal abs, but I feel like I'm wonderfully made", she said. Speaking about Raisa , Gomez said: "I think Francia should be getting this award". "My kidneys were just done".
Police asked the public to keep an eye out for the red Mercury Sable, while her mother issued a plea for the teen to return home. The Post-Standard reports police are holding Rian Rodriguez on a charge from Florida known as interference with child custody.
Rare sighting of the first and last supermoon of the year will be observed today all over the world including Pakistan. This year's supermoon will be visible Sunday evening and will reach its peak around 2:45 a.m. (CST) Monday morning.
Shashi Kapoor: The child star who directed a Russian film
Vice-president M Venkaiah Naidu said Kapoor will be remembered for the memorable roles he played in a number of films. He went on to immortalize characters like Prem Sagar in The Householder and Sanju in Shakespeare-Wallah respectively.
Girl's body found; mom's boyfriend charged with hiding death
The toddler, who was reported missing on November 27, was found dead on Saturday near her Jacksonville , North Carolina home. Daniel Bober, investigator Vincent Hill, syndicated radio talk host Dave Mack, and child advocate lawyer Ashley Willcott.
Windsor's unemployment rate drops for November
Canada's unemployment rate sank to the 5.9 per cent in November from 6.3 per cent in October, thanks to 79,500 new jobs. Nearly 4,000 new jobs were created in the London area in November, but there was no change in the unemployment rate.