Asian travellers poised to lift global airline earnings in 2019
A soaring number of airline passengers, primarily from Asia, looks to send 17 of the world's top 20 carriers to higher pre-tax profit in fiscal 2019. Combined pre-tax profit at the 20 companies is projected to grow 17% to US$36.2b, rebounding from a 6% drop in fiscal 2018 to $31b, according to data from QUICK-FactSet. Sales are expected to climb 7% to $466.6b as each company takes in higher revenue. Demand for flights is outstripping additional seating. Growth appears especially large in the Asia-Pacific region. Passenger numbers are pegged to rise about 7.5% in fiscal 2019 as more people take airplanes due to rising incomes. However, political risks cloud the otherwise bright economic picture. Demand for business class seating will be hurt should tensions between the US and China intensify. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-12-25/general/asian-travellers-poised-to-lift-global-airline-earnings-in-2019
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Asian travellers poised to lift global airline earnings in 2019
A soaring number of airline passengers, primarily from Asia, looks to send 17 of the world's top 20 carriers to higher pre-tax profit in fiscal 2019. Combined pre-tax profit at the 20 companies is projected to grow 17% to US$36.2b, rebounding from a 6% drop in fiscal 2018 to $31b, according to data from QUICK-FactSet. Sales are expected to climb 7% to $466.6b as each company takes in higher revenue. Demand for flights is outstripping additional seating. Growth appears especially large in the Asia-Pacific region. Passenger numbers are pegged to rise about 7.5% in fiscal 2019 as more people take airplanes due to rising incomes. However, political risks cloud the otherwise bright economic picture. Demand for business class seating will be hurt should tensions between the US and China intensify. <br/>
