Ethiopia Dreamliners first to fly again

April 24, 2013

Ethiopian Airline-2
Ethiopian Airlines is set to become the world’s first carrier to resume flying Boeing Co’s 787 Dreamliner passenger jets, with a commercial flight on Saturday to neighbouring Kenya, two airline sources said.

Boeing’s Dreamliners have been grounded since regulators ordered all 50 planes out of the skies in mid-January after batteries on two of them overheated. US regulators approved a new battery design on Friday, clearing the way for installation.

An Air India source told Reuters in New Delhi that commercial operations should start within a week or so, immediately after approval from the local regulator DGCA.

“Ethiopian Airlines will be the first airline company to resume 787 Dreamliner flights in the world. Saturday’s the date,” a senior Ethiopian Airlines source told Reuters. “We’re flying to Nairobi, Kenya on the normal flight schedule.”

Another source, who also declined to be named, confirmed the plan to resume flights on Saturday by the airline, the first African carrier to purchase Dreamliner planes. It ordered 10, has received four, and started flying them in August.

“It should be a matter of days, not weeks. I think one week or so,” the source said, without giving further details.

The US Federal Aviation Administration (FAA), which grounded the planes, is expected to issue an Airworthiness Directive on Thursday. This applies to US airlines, but other nations are expected to follow suit immediately.

The grounding has cost Boeing an estimated $600m (R5b), halted deliveries and forced some airlines to lease alternative aircraft. Several airlines have said they will seek compensation from Boeing, potentially adding to the plane maker’s losses.

Randy Tinseth, Boeing’s vice president for marketing, said in the Ethiopian capital that the planes for all airlines would be modified and they would then work with their own regulatory authorities to determine when flights would resume.

“Each airline will be a little bit different,” he told reporters, adding that Boeing expected to meet its target of delivering more than 60 of its Dreamliner planes in 2013.

“The timing will change a little bit but we will be able to meet our commitments to our customers in terms of delivery this year,” Tinseth said.

Ethiopian Airlines previously said its fleet did not suffer any of the technical glitches experienced by other Dreamliner jets, though it withdrew the planes from service to undergo special inspection requirements mandated by the FAA.

– Reuters


Airline mergers not always great news: American Airlines-US Airways Merger

February 18, 2013

airlines merger

WASHINGTON, D.C. – National Press Club – With recent news of a merger between American Airlines and US Airways, the airline industry seems to be headed toward four “super-airlines” dominating the market. Recent mergers have consolidated brands and routes across the country, but passengers do not benefit.

For the past three years of reports, US Airways has consistently ranked higher than American Airlines, based on the annual Airline Quality Rating conducted by Dr. Brent Bowen of Purdue University and Dr. Dean Headley of Wichita State University.

Recent airline mergers may jeopardize gains in industry performance because it can take years for two airlines to successfully synchronize their systems and culture the researchers confirm.

American Airlines planned merger with USAirways will create an oversized bastion of mediocrity that will serve the public in far poorer fashion, according to Dr. Brent Bowen, Purdue University professor responsible for the annual Airline Quality Rating (AQR) report.

Bowen says every merger over the past 25 years has resulted in each of the two airlines significantly declining across the board in key performance benchmarks such as late flights, lost luggage, and reduced customer satisfaction.

“There will be no benefits to performance and consumers will not see better quality,” Bowen said. “Employees of both airlines will be unhappy and destabilized for an extended period.”

USAirways has consistently outscored American over the past five years in the AQR but the smaller partner will not have the heft to bring up the performance of the larger company during the inevitable clash of corporate cultures and technology, Bowen said.

In the 2008 AQR report, American placed 9th overall. Since then, their performance in the rankings has steadily worsened, while US Airways’ ranking has improved.

Following the United-Continental merger, the DOT reported that customer complaints increased, as did lost baggage. Headley suspects that the company’s $3 billion merger with Continental Airlines is to blame. “Anytime you have two airlines trying to combine, one of those airlines is going to have a period of decline.”

Along with performance fluctuations, mergers can have severe consequences for employees. Concerns about layoffs, future salaries, seniority, and pension plans can drive tension that damages employee morale and lowers the quality of customer service.


Snow grounds hundreds of flights across Europe

January 21, 2013

A Snow
By Guy Jackson (AFP)

LONDON — Hundreds of flights were cancelled and hazardous roads and railways disrupted traffic and caused countless accidents across Europe on Monday as heavy snow and freezing weather gripped the continent.

Frankfurt airport, Germany’s main air hub, cancelled around 500 departing and arriving flights, representing 40 percent of its daily schedule.

The busiest airport in Europe, London Heathrow, scrapped more than 200 flights.

Heathrow said a decision was taken 24 hours in advance to cancel 130 flights due to predicted poor visibility, but problems elsewhere in Europe were having an impact too.

“The additional cancellations are because a number of airports elsewhere in Europe are experiencing problems so that has a knock-on effect for us,” an airport spokesman said.

Heathrow has spent 36 million pounds ($57 million) on upgrading its snow-clearing equipment since 2010, when freezing temperatures and snow almost brought the airport to a halt in the approach to Christmas.

Freezing rain and snow also led to treacherous conditions on railways and roads, triggering numerous accidents.

In southwestern Germany, police recorded more than 1,000 weather-related accidents and in the northeast, near Berlin, an entire section of motorway was shut to traffic.

In Belgium, three people died and two others were seriously injured when a minibus they were travelling in skidded off the road, overturned and caught fire at a motorway exit near Bruges, local authorities said.

One woman died in the southern English coastal town of Deal after collapsing in the snow.

Further snowfall was forecast for Frankfurt late Monday, with a spokesman for the city’s airport telling AFP that it expected further disruption to flights on Tuesday.

When asked how many flights would be affected, the spokesman added: “we can only wait and see what happens tonight.”

Europe’s number three airport, Paris’s Charles de Gaulle, was also hit.

France’s civil aviation authority DGAC said it expected to scrap 40 percent of flights to and from Charles de Gaulle and Paris’s other main airport, Orly, as a precautionary measure following heavy snowfall on Sunday.

Even Munich, a city usually accustomed to taking snow in its stride, cancelled 161 flights at its airport as it grappled with the exceptional conditions.

In Spain, flights bound for Paris, Munich and Frankfurt were hit, leading to the cancellation of 16 flights to and from Barcelona.

Smaller airports in Britain were virtually closed down after fresh snow fell in northern and central England overnight, with planes grounded at Manchester, East Midlands, Leeds Bradford and Doncaster Sheffield.

Under-sea train services between Britain and continental Europe were also hit, with Eurostar cancelling six trains linking London with Brussels and also Paris due to speed restrictions on the tracks in northern France.

In Moscow, unusually heavy snowfall of almost 50 centimetres (20 inches) caused traffic jams but did not affect flights at its airports, which are well-equipped for snowstorms.

The snowfall over the last four days in the Russian capital exceeded the average for the whole month of January, said Moscow Deputy Mayor Pyotr Biryukov.


Airline lets you pick a seatmate using Facebook

February 24, 2012
By Harriet Baskas, msnbc.com contributor

Today in Amsterdam, KLM launched a new social networking program that allows passengers to link their flight reservations with their Facebook or LinkedIn profiles, find out who else is on their flight and make a seat selection or other flight-related plans using that information. 

“This new service connects passengers and aims to give them a more inspirational journey,” said KLM managing director Erik Varwijk in a statement announcing the new “Meet & Seat” program.

The program will eventually be available on KLM intercontinental flights, but for now is being tested in a pilot program on flights from Amsterdam to San Francisco, New York and São Paulo.

Here’s how it works: Using KLM’s ‘Manage My Booking’ section, passengers flying on intercontinental flights choose personal information from their Facebook or LinkedIn account to share with other passengers and then link their flight reservations to their profiles. The reservation program allows passengers to choose a seat between 90 days and 48 hours before departure.

“They can find out whether someone they know will be traveling on the same flight, or discover who else will be attending the same conference in the USA,” the airline said in a statement explaining the program. “They might arrange to have a coffee before their flight, select adjoining seats or decide to share a taxi afterwards.”

Raymond Kollau, founder of airlinetrends.com, an industry and consumer research agency, liked the program. “The concept makes perfect sense as people like to surround themselves with like-minded persons,” he said. “It will certainly apply to specific demographics, such as a generation Y, who are more interested in meeting new people, as well as business travelers en route to a conference. Singles will of course also be interested.”

Although KLM claims that it is the first airline to integrate social networking into its regular flight process, this is not the first social seating effort in the skies.

Malaysia Airlines’ MHbuddy program not only allows passengers the option of booking and checking in for a flight on Facebook, it also offers travelers the option of seeing pictures and seat numbers of Facebook friends on the same flight. Alaska Airlines’ Flying Social program also integrates Facebook.

The social seating trend isn’t just for the skies. Last August, Ticketmaster rolled out interactive, Facebook-integrated seat maps that allow ticket buyers to tag their seat locations and see where their friends — or potential friends — will be sitting in a venue.

“We’ve heard stories of seat tagging reuniting fraternity brothers at college football games and making the planning of live event outings much easier,” said Ticketmaster spokesperson Jacqueline Peterson.

Airline branding consultant Shashank Nigam notes that independent companies Satisfly and Planely enable passengers to find and book seats next to others with specific interests across airlines. Nigam said some travelers may feel such programs are “creepy.” He also questioned how quickly or frequently travelers will adopt the service.

Still, he noted that “Meet & Seat” is the first social seating effort led by a major airline. That’s why, he said, “there is excitement around it and chances are good that it might work.”


Travel predictions for 2012 show Americans traveling farther, spending more

January 1, 2012

ADMAS TRAVEL & TOURS

By KRISTI PIHL

More Americans are expected to travel farther from home in 2012 according to a recent survey by Travel Leaders.Of the top 20 travel destinations, 11 are in Europe, Asia and Australia, which is up from 9 in 2011.And more than  91 percent of Travel Leaders surveyed say clients will spend the same or more on travel in 2012 as compared to last year.                            The survey is based on booking data and was conducted from Nov. 21 to Dec. 16 using responses from 640 Travel Leaders owners, managers and travel experts in the nation. Travel Leaders has offices in the Mid-Columbia. About 43 percent of clients are spending about the same per trip as they did in 2011, while 44 percent are spending somewhat more, according to the survey.“Our surveyed travel agents indicate there’s an increase in interest and bookings for small ship cruising, off-the-beaten path travel, and international family travel,” said Roger E. Block, CTC, president of Travel Leaders Franchise Group, which includes travel agency locations from coast to coast. “With these luxury-oriented segments on the rise, it’s no wonder the overall optimism our Travel Leaders have heading into 2012 based on bookings to-date for the upcoming year is also very high.”Travel Leaders travel agents nationwide say Croatia is the top “up and coming” international destination in Europe, Vietnam is tops within Asia and Panama narrowly edges out Ecuador and Brazil among destinations in Central and South America.And more travelers are planning ahead, with 64 percent booking travel within the United States eight weeks or more ahead and 90 percent booking international travel 8 weeks or more ahead, according to the survey.

Here is the top 20 list of international destinations based on the survey: 1. CRUISE- Caribbean, same as 2010 2. Cancun, Mexico, same as 2010 3. Playa del Carmen, Mexico, more than 2010 4. CRUISE- Europe (Mediterranean), 3rd in 2010 5. Rome, Italy, same as 2010 6. London, England, same as 2010 7. Punta Cana, Dominican Republic, 9th in 2010 8. Paris, France, 11th in 2010 9. Montego Bay, Jamaica, 7th in 2010 10. Negril, Jamaica, 15th in 2010 11. Cabo San Lucas/Los Cabos, Mexico, 12th in 2010 12. Florence and/or Tuscany, Italy, 14th in 2010 13. CRUISE- Europe (River), tied for 21 in 2010 14. Beijing, China, 16th in 2010 15. Puerto Vallarta, Mexico, 13th in 2010 16. (tie) between CRUISE- Mexico, was 10th in 2010, and Sydney, Australia, 19th in 2010 18. Barcelona, Spain, 20th in 2010 19. Amsterdam, The Netherlands, tied for 26 in 2010 20. Hong Kong, China, tied for 23 in 2010 Here is the top 20 list of United States destinations for 2012 according to the survey: 1. Las Vegas, NV, same as 2010 2. Orlando, FL, same as 2010 3. Maui, HI, tied for 4th in 2010 4. Cruise – Alaska, 3rd in 2010 5. New York City, NY, 6th in 2010 6. Honolulu, HI, tied for 4th in 2010 7. Washington, D.C., same as 2010 8. Chicago, IL, tied for 10th in 2010 9. Los Angeles, CA, 12th in 2010 10. Phoenix/Scottsdale, AZ, tied for 10th in 2010 11. Atlanta, GA, 15th in 2010 12. San Francisco, CA, 9th in 2010 13. Fort Myers, FL, tied for 19th in 2010 14. Cruise – Hawaii, 8th in 2010 15. Fort Lauderdale, FL, 16th in 2010 16. Anaheim/Orange County, CA, tied for 13th in 2010 17. Lihue (Kauai), HI, tied for 22 in 2010 18. Miami/Miami Beach, FL, tied for 13th in 2010 19. tied between Kona (Big Island), HI, tied for 26th in 2010, and Tampa/St. Petersburg, FL, 18th in 2010.

Source: Business beat


Egypt Air has launched daily flights to Addis Ababa from Cairo

November 4, 2011

Egypt Air has launched daily flights to Addis Ababa from Cairo as of the 31st of October. Flights from Cairo to the Ethiopian capital used to be only five days a week.

Egypt Air has cultivated loyal clients and strong partners in Ethiopia said Maged Michel Addis Ababa Office Manager for Egypt Air. The launch of the daily flight is a significant occasion for the airlines he added.
Egypt Air resumed flights to Addis Ababa, which had halted when the Derg was in place, in 1995 said Michel speaking at the official launch ceremony held at the Sheraton Addis. The number of flights per week has gradually grown over the years he explained.

The Egyptian people have experienced major changes this year which has been reflected in relations with Ethiopia he noted.
An increased amount of travel between the two countries will play a positive role in enhancing the relationship between the two countries said Mohammed Edress Egyptian Ambassador to Ethiopia.

Effective, efficient and active transportation is important to enhance and strengthen relationships between Ethiopia and Egypt according to Ambassador Edress. The increased transport connection in addition to the high level political visits between the leaders of the two countries reflect a new phase which reflects multi-track approaches and increased cooperation in different sectors he said.

Source: Ethiopia Press Agency


Eritrea: Volcano Disrupts Ethiopia’s Flights and Cuts Short Clinton’s Trip

June 14, 2011

By Sheila Ring

Eritrea’s volcanic ash cloud has disrupted some of neighboring Ethiopia’s flights and has also cut short Hillary Clinton’s Ethiopia trip.  Ethiopian Airlines Enterprise, the Addis Ababa-based airline, said in an e-mailed statement today that routes to northern Ethiopia, neighboring Djibouti and the Sudanese capital of Khartoum have been affected, Bloomberg reports. In turn, the company urged travelers to check the status of their flights before embarking on their journey. Getachew Tesfa, a spokesman for the airline, said by phone today that they are “closely monitoring” the situation. “As things get better we are ready to operate. All other flights are operating,” Tesfa said. Philippe Husson is a manager at the Volcanic Ash Advisory Center in Toulouse, France. He said in a phone interview that Eritrea’s Nabro volcano erupted on June 12, spewing an ash cloud about 13.5 kilometers (8.4 miles) into the atmosphere, Bloomberg reports After initially projecting volcanic ash for about 36 hours, the volcano is now producing sulphur dioxide and water, he said.

According to the website of Deutsche Lufthansa AG, flights from Frankfurt, Germany to Bole International Airport in Addis Ababa have been cancelled. Husson said, “The eruption is ongoing in terms of gases and water, but there is no more volcanic ash, which is a hazard for aviation.” No records exist of Nabro erupting before, according to Atalay Ayele, associate geophysics professor at Addis Ababa University. “Nobody knows if it has erupted” previously, he said in a phone interview. Atalay said the nearby Dubbi volcano last erupted in 1861, reports Bloomberg. The eruption cut short a two-day visit to Ethiopia by U.S. Secretary of State Hillary Clinton, who left the Horn of Africa yesterday. The State Department said in an e-mail that Clinton departed prematurely “to avoid being unable to travel for an indeterminate period of time.”

Eritrea, a nation of about 6 million people, is roughly the size of the U.S. state of Pennsylvania. The long dormant Eritrean volcano has spewed ash up to about 13km (eight miles) into the air. The eruption is believed to have followed a string of earthquakes in the region, BBC reports. It is not yet known when the volcanic activity


Would you pay about $80 for an upgrade?

May 11, 2011

 by: Sean O’Neill,

 Delta will offer long-haul flights with Economy Comfort seats, which will have an additional four inches of legroom, some free booze, priority boarding, free HBO programming on the seatback TVs, and about 50 percent greater angle recline in your seat, says the airline’s blog.

The seats will be on 108 planes covering most “long-haul intercontinental routes between the U.S. and Europe, Asia, Africa, Australia, the Middle East, and South America (Lima, Brasilia, Rio de Janeiro, São Paulo, Buenos Aires, and Santiago)” says the airline.

You can’t buy the Economy Comfort seats directly. But starting today, you may book an economy-class ticket, and then if one of these seats are available on your flight, you can upgrade to it. Prices vary, but The Points Guy (who broke the story, after Delta’s blog) has reports of the cost being about $80 one-way on an East Coast to Europe route. The Economist’s Gulliver blog sees upgrade costs as high as $160 one-way. In any event, Delta offers the seats for free to selected members of their frequent flier program, such as those with Diamond and Platinum Medallion status, notes Jaunted.

In short, great news for tall travelers with extra money to spend. Full details on Economy Comfort on Delta’s site.

Delta joins a string of airlines with a medium upgrade option, such as to United/Continental’s Economy Plus. Southwest is now the only airline not to offer a comparable service.

Reaction so far has been mixed. Gulliver, for instance, has mocked the name: “If you name your premium-economy seating “Economy Comfort,” what not-very-subliminal message are you giving about the joys of your regular economy seating?” It’s also criticized some of the details. “Early boarding is not much of a lure on an international flight with allocated seats.”


Will rising gas prices detour spring and summer travel plans?

March 8, 2011

In some cities, such as San Francisco, a gallon of gas is hovering around $4. Nationally, the average price of a gallon of regular gasoline reached $3.51 last week, up 13 percent in a month.

“It’s not like other commodities such as milk, bread or eggs,” said AAA spokesperson Troy Green. “As you drive around, you see those gas prices large and in your face at intersections every day.”

Airlines are facing fuel challenges again as well. United Continental Holdings, the world’s largest airline, on Tuesday said rising fuel costs will force it to drop some unprofitable routes and nix plans to add new ones.

That comes on top of a succession of industry wide increases in airplane ticket prices. “A traveler who paid $240 for a round-trip on the first day of the year is now paying closer to $300 — a 25 percent increase,” said Rick Seaney of FareCompare.com.

Seaney has already counted six successful domestic 2011 airfare hikes. “That is a carbon copy of 2008 to date, where we ended up with 15 hikes for the year as oil hit stratospheric highs in the summer of $145 a barrel and just as quickly crashed to $32 a barrel at Christmas.”

Rolling revisions
AAA hasn’t yet surveyed drivers about Memorial Day driving plans, but travelers respond to rising gas prices in somewhat predictable ways. “The rise in fuel costs may cause some people to alter or cancel travel plans altogether,” said Green. Others who have already made their plans are still likely to travel. “What they may do to compensate for increased fuel costs is stay in more economical hotels, dine at more economical or cheaper restaurants and spend less on gifts and other incidentals,” he added.

“All travel destinations pay close attention to gas prices,” said Carl Whitehill of the Convention and Visitors Bureau in Gettysburg, Pa., one of many towns getting ready to mark the 150th anniversary of the Civil War. “We know fuel prices will affect travel decisions. While we still think millions of people will come to Gettysburg, they may not buy as many souvenirs or go to as many attractions as they’d hoped.”

Whitehill believes those millions of visitors will still eat in restaurants and stay in hotels. But Marti Mayne, spokesperson for the Professional Association of Innkeepers International, said country inn and B&B owners are concerned about the effect gas prices will have on guests’ travel plans and how those higher prices will affect food and energy costs at the inns.

“The B&B industry held its own during the 2008-09 gas crisis, as people stayed closer to home and ‘staycations’ became popular,” said Mayne. “The B&B industry expects this will be the trend again as most inns and B&Bs are located within a one-tank drive of a major metropolitan area.”

Still, she said some B&Bs are already rolling out offers that include complimentary gas gift cards and finishing touches are being put on a new B&B campaign that is sure to include more such offers.

For some travelers, a complimentary $20 gas card with a two-night stay won’t be a strong incentive to travel. But AAA’s Green said, “Others may look at this as a great idea and want to take advantage of it.”

And, free gas card or not, Green said that when fuel prices are up, drivers can stretch their travel dollars by remembering to properly inflate their tires, driving the speed limit, avoiding quick starts and stops and taking out any unnecessary weight in the trunk. “If you’re not going golfing, you don’t need to be driving around with those golf clubs,” said Green.

“We also suggest people shop for gas with their steering wheel,” he added. “Don’t drive 30 miles out of your way to buy cheaper gas. But you may be able to save three to five cents a gallon by driving a few extra blocks” or by consulting a website or smart phone app that tracks area gas prices.

Fly away — for more
Those planning spring or summer vacations abroad should be ready for sticker shock.

“If you’re planning on heading to Europe, know this: Fuel surcharges are over $400 round trip now with average taxes around $120,” said FareCompare.com’s Seaney. “This means before any fare is charged, you’re looking at $520 round trip, the highest we have tracked in 8 years.

“If you are shopping for early spring travel, it would behoove you to lock in now,” Seaney added.

Seaney’s tips for finding the best deal include shopping on Tuesday afternoons, when “the maximum cheap seats hit the reservation systems at 3 p.m.,” and flying on the least expensive days, which tend to be Tuesdays, Wednesdays and Saturdays. He also suggests shopping for one ticket at a time, even if there are two or more people traveling together. “Airline reservations systems must have everyone in the party at the same price, even if there are a few cheaper seats.”

The bottom line? If you want to go somewhere, don’t wait: “Procrastination is not your friend when planes are full,” said Seaney. “Airlines have no reason to discount at the last minute.”

Source: Newsvine


Oil Costs and Taxes Emerging Concern for Airlines

February 28, 2011

By: George Dooley

Travel Agent


International scheduled traffic results for January show an 8.2 percent increase in passenger traffic and 9.1 percent growth in air freight compared to January 2010, according to the International Air Transport Association (IATA). IATA said it is watching closely as events unfold in the Middle East and that the region’s instability has sent oil prices skyrocketing.

“We begin the year with some good news. January traffic volumes are up—8.2 percent on January 2010 and 2.6 percent on December. With most major indices pointing to strengthening world trade and economic growth, this is positive for the industry’s prospects. But we are all watching closely as events unfold in the Middle East. The region’s instability has sent oil prices skyrocketing. Our current forecast is based on an average annual oil price of $84 per barrel (Brent). Today the price is over $100. For each dollar it increases, the industry is challenged to recover $1.6 billion in additional costs. With $598 billion in revenues, $9.1 billion in profits and a profit margin of just 1.5 percent, even with good news on traffic 2011 is starting out as a very challenging year for airlines,” said Giovanni Bisignani, IATA’s Director General and CEO.

By January 2011, air travel volumes were 18 percent higher compared to the low point reached in early 2009 and some 6 percent above the pre-recession peak of early 2008. The 8.2 percent growth in passenger traffic shows a recovery from December’s slowdown (with 5.4 percent growth) that was related to severe weather in Europe and North America which reduced total traffic by 1-2 percent.
Passenger load factors are high, IATA reports, but there is evidence that supply growth is beginning to run ahead of demand. Compared to the previous January, the 8.2 percent demand increase was outstripped by a 9.1 percent increase in capacity, resulting in an average load factor of 75.7 percent. Adjusting for seasonality this is equates to a 77.7 percent load factor. This is a 1.1 percentage point drop from the October 2010 peak.

North American carriers recorded an 8.7 percent year-on-year growth in demand and a 10.0 percent increase in capacity in January. This imbalance saw load factors slip by nearly a full percentage point to 77.2 percent. International passenger traffic carried by North American airlines has now recovered to 2 percent above its pre-recession peak of early 2008, IATA said.

“As if the rising price of oil was not challenging enough, governments are increasing the cost of mobility with a growing contagion of taxes. In 2010 the industry was hit with billions of dollars of new or increased taxes in the UK, Austria and Germany. Now we see South Africa and Iceland planning increases. Governments need to improve their finances and restart their economies. Mobility is a catalyst for economic growth. Governments must understand that taxing air transport out of the range of price sensitive travelers and businesses makes very little economic sense,” said Bisignani.

IATA’s forecast for 2011 was made in December 2010 and anticipates an industry profit of $9.1 billion or a 1.5 percent net profit margin on $598 billion in revenues. This is based on an average annual oil price of $84 per barrel, a demand increase of 5.3 percent, flat cargo yields and a 0.5 percent increase in passenger yields. IATA said it will revise its forecast on March 2.

Visit www.IATA.org.


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