Catastrophes and crowded skies set IATA’s airlines thinking
More than 1,000 Airline executives will gather in the Seoul next weekend for IATA's general meeting. Many IATA members have a degree of protection from turbulence thanks to deep pockets, airline alliances, sheer size, or national loyalty. But the big issues to be discussed in Seoul may still keep some executives awake at night. Globally, the industry is still turning a profit. It is on course for a 10th straight year of positive returns, after racking up losses in the financial crisis. Jet fuel is still far cheaper than the US$120-plus per barrel airlines had to pay until 2013 but, bar a sharp plunge in late 2018, the price is heading upwards. European carriers in particular are looking shaky, with a combined loss in early 2019 10 times worse than last year’s Q1 – although the collapse of smaller airlines may allow survivors to increase fares. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-05-27/general/catastrophes-and-crowded-skies-set-iata2019s-airlines-thinking
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Catastrophes and crowded skies set IATA’s airlines thinking
More than 1,000 Airline executives will gather in the Seoul next weekend for IATA's general meeting. Many IATA members have a degree of protection from turbulence thanks to deep pockets, airline alliances, sheer size, or national loyalty. But the big issues to be discussed in Seoul may still keep some executives awake at night. Globally, the industry is still turning a profit. It is on course for a 10th straight year of positive returns, after racking up losses in the financial crisis. Jet fuel is still far cheaper than the US$120-plus per barrel airlines had to pay until 2013 but, bar a sharp plunge in late 2018, the price is heading upwards. European carriers in particular are looking shaky, with a combined loss in early 2019 10 times worse than last year’s Q1 – although the collapse of smaller airlines may allow survivors to increase fares. <br/>
