IATA lowers airline net profit estimations to $33.8B | AeroTime Exclusively from Sydney


IATA: lower profit expected due to fuel costs & political affairs

Due to growing fuel prices, increasing labour costs and rise in the interest rate cycle, the International Air Transport Association (IATA) is now forecasting airlines to achieve a collective net profit of $33.8 billion (4.1% net margin) in 2018.  It is a downturn estimation in comparison to December 2017 estimations that had forecast profit of $38.4 billion. 

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What future Big Data holds for aviation?

The aviation industry is one of the sectors where use of big data seems unavoidable. According to Mario Hardy, CEO of Pacific Asia Travel Association (PATA), the knowledge provided by big data will be the new game-changer of aviation.

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IATA opposes airport privatization

IATA has called against airport privatization, as private airports (compared to government-owned ones) are costlier for consumers, earn bigger profits, but fail to provide greater efficiency. 

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Empowering women in aviation

Women have an integral part in the history of aviation, with celebrated pilots such as Raymonde de Laroche and Amelia Earhart. But despite some progress made, statistics show that women are still an exception within the industry. 

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