• Airline industry profits to exceed 31 billion $ in 2017

    Ramesh Tiwari
    June 7, 2017
    Airline industry profits to exceed 31 billion $ in 2017

    Cancun: The International Air Transport Association (IATA) increased its profit forecast for the global airline industry  citing surging demand.

    Total profits for the group’s 275 member airlines are now expected to hit 31.4 billion $ this year, up more than five percent from the previous forecast late last year.

    “Airlines are defining a new epoch in industry profitability. For a third year in a row, we expect returns that are above the cost of capital,” said IATA’s director general, Alexandre de Juniac, at its annual meeting in the Mexican resort city of Cancun.

    But he warned airlines still face risks, ranging from cost increases to security issues to growing protectionism in some countries, including the UnitedStates and Britain.

    “With earnings of 7.69 per passenger, there is not much buffer,” he said. “That’s why airlines must remain vigilant against any cost increases, including from taxes, labor and infrastructure.”

    Among the industry’s concerns, he said, was the “surprise” decision the UnitedStates and Britain to ban laptop and tablet computers in-cabin on flights from certain airports in the Middle East and Turkey.

    The move came after intelligence officials learned of efforts by the Islamic State group to fashion a bomb into consumer electronics.Airlines are unhappy with the ban.

    De Juniac said US President Donald Trump’s administration only made things worse when it threatened to extend the ban to flights to and from Europe, even though it has since backed off the idea.

    “There is growing evidence that the ban on large electronic devices in the cabin and the uncertainty created around possible US travel bans is taking a toll on some key routes,” he said.

    Lost productivity caused by passengers’ inability to work on affected flights is costing an estimated 180 million a year, he said.

    That would rise to 1.2 billion a year if the ban were extended to flights between the UnitedStates and Europe, he said.

    Source: AFP 

    June 6 , 2017

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       *Vakantiebeurs  -Tourism and Recreation Fair
      Utrecht, Netherlands, January 10-14 ,2018

      *Ferien-Messe Wien Int’l Tourism Fair Vienna Vienna, Austria, Jan 11-14

      * CMT / CMT – Die Urlaubsmesse Holiday, Caravanning, Motoring and Tourism , Stuttgart, Germany Jan. 13-21

      *FITUR – Int’l Tourism Trade Fair , Madrid, Spain Jan. 17-21

      *GO Int’l Travel Trade Fair                                          Brno, Czech Republic, Jan. 18-21

      *OTM Outbound Travel Mart ,Mumbai, India, Jan. 18-20

      *Adventure Travel Show , London  20-21 January

      *ASEAN Tourism Forum ( ATF) , Chiang Mai , Thailnd January 22-26

      *EMITT-  East Mediterranean Int’l Tourism and Travel Exhibition ,Istanbul, Turkey, Jan. 25-28

      *SATTE Travel Mart , New Delhi , India            Jan. 31- Feb. 2

      *IMTM – Int’l Mediterranean Tourism Market   Tel Aviv, Israel  , Feb. 6-7

      *India Travel Mart ITM , Ahmedabad, India          Feb. 9-11

      *Travel and Tourism Fair ( TTF) , Chennai , India Feb. 16-18

      *PATA ATRT Conference and Mart , Abu Dhabi , UAE , Feb 21-23

      *Travel and Tourism Fair(TTF) , Bengaluru, India ,Feb. 23-25

      *World Spa and Wellness 2018 , London , UK Feb. 25-26

      *Guangzhou International Travel Fair Guangzhou , China  March 1-3

      *ITB Berlin Berlin , Germany March 7-11

      *Moscow Int. Tourism and Travel Exhibition ( MITT) ,Moscow , Russia March 13-15

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