IATA released its financial outlook for the global airline industry in 2025, which reveals a slight strengthening of profitability amid ongoing cost and supply chain challenges.
Highlights of the industry association’s outlook include:
Net profits are expected to be $36.6 billion in 2025 for a 3.6% net profit margin. That is a slight improvement from the expected $31.5 billion net profit in 2024 (3.3% net profit margin). Average net profit per passenger is expected to be $7.0 (below the $7.9 high in 2023 but an improvement from $6.4 in 2024).
Operating profit in 2025 is...
Arajet has launched a ‘Fly from 1 Dollar’ deal to welcome the new year.
The Dominican Republic-based, low cost carrier’s offer runs from Dec. 30, 2024 to Jan. 17, 2025 and applies to direct flights and connections, and is aimed at people who wish to fly to any of its 23 destinations in the 16 countries where it operates.
Víctor Pacheco, CEO and founder of Arajet, said that this offer ‘Fly from 1 dollar’ has as its main goal to thank Arajet´s loyal travellers and that "this 2025 everyone who wishes to travel can do it hand in hand with us, and visit their dream...
Saudia, the national flag carrier of Saudi Arabia, has announced another year of significant fleet expansion and modernization.
Over the past two years, the airline introduced several strategic partnerships to further Saudia Group’s objective of connecting the world with the Kingdom and supporting key pillars of Saudi Vision 2030, while simultaneously enhancing comfort and efficiency for Saudia guests.
Notable expansion and modernization initiatives include:
Airbus Agreement: Saudia has signed a historic deal for 105 aircraft, the largest in Saudi aviation history. These aircraft...
Arajet, the low-price Dominican airline, reported that in November 2024, it transported 96,586 passengers, mobilizing seven per cent of travellers who enter or depart the country.
In addition, last month, Arajet managed to exceed one million passengers in 2024, becoming the first Dominican airline to carry more than a million passengers in a year.
These figures are part of the Civil Aviation Board (JAC) report, which provides information projecting Arajet as the most active Dominican airline. Since the beginning of its operations at Punta Cana Airport, Arajet has grown remarkably,...
BermudAir has achieved the Autism Double-Checked company certification.
This milestone comes as BermudAir reflects on its first year of operation, during which the airline prioritized enhancing its
customer service experience.
By ensuring that 100% of its employees completed specialised autism awareness and sensitivity training, BermudAir has taken a
significant step in fostering an inclusive travel environment. The airline's certification demonstrates its dedication to creating stress-free and accessible journeys for travellers with autism and their families.
About Autism...
A newly released report underscores the pivotal role of Halifax Stanfield International Airport in Nova Scotia’s economy.
That report reveals that the airport generated over $4.2 billion in economic impact in 2023, a 24% increase compared to 2022.
And as one of Atlantic Canada’s most critical pieces of transportation infrastructure, Halifax Stanfield is a key driver of local and regional employment, tourism, trade, and prosperity.
Joyce Carter, President & CEO, Halifax International Airport Authority (HIAA), observed that: “These impressive economic impact results...
Following the release of proposed regulations under the Air Passenger Protection Regulations (APPR), the National Airlines Council of Canada’s (NACC) president and CEO, Jeff Morrison released the following statement:
“The Canadian Transportation Agency (CTA) has released updated proposed regulations under the APPR regime. Throughout the initial consultation period in 2023, the CTA heard significant concerns from a diverse range of organizations, including provinces and territories, municipalities, airports, small and large airlines, international organizations, chambers of...
Transat and Air Transat have launched their end-of-year sale, with discounts on flights to all Air Transat destinations and on Transat South packages.
This promo offers travellers the opportunity to plan their trips for 2025 while taking advantage of attractive fares.
About the sale
Deals on up to five million seats, available on all destinations served, for bookings made by Dec. 23, 2024, for travel between Jan. 7 and Oct. 31, 2025.
Up to $1,500 off South packages for two, for bookings made by Dec. 30, 2024, for travel between Jan. 7 and June 30, 2025.
Travel advisors can...
Flex Pay has announced a partnership with Flair Airlines that brings Flex Pay, Upgrade’s Buy Now, Pay Later (BNPL) solution, to Flair’s customers, empowering their travellers to spread the cost of their trips over time.
“At Flair Airlines, we are on a mission to provide affordable air travel that connects our travellers to the people and experiences they love,” said Juliana Ramirez, VP of Digital & Ancillary at Flair. “We are constantly looking for new ways to enhance our offerings and empower more travellers to travel more frequently, for less. By leveraging Flex Pay,...
Air Canada unveiled its long-term plan at its 2024 Investor Day earlier this week, setting 2028 targets of $30 billion operating revenues, at least 17% adjusted EBITDA margin and approximately 5% free cash flow margin by 2028.
Michael Rousseau, President and Chief Executive Officer of Air Canada, said: “We are proud and excited to share Air Canada's ambitions. We are announcing a long-term plan grounded on a proven commercial strategy. The story of Air Canada's performance is one of demonstrated ability to execute and deliver on commitments.”
Rousseau continued: “Our strategy,...