The International Air Transport Association (IATA) is forecasting global industry net profit to rise to $38.4 billion in 2018, an improvement from the $34.5 billion expected net profit in 2017 (revised from a $31.4 billion forecast in June).
Highlights of expected 2018 performance include:
A slight decline in the operating margin to 8.1% (down from 8.3% in 2017).
An improvement in net margin to 4.7% (up from 4.6% in 2017).
A rise in overall revenues to $824 billion (+9.4% on 2017 revenues of $754 billion).
A rise in passenger numbers to 4.3 billion (+6.0% on the 4.1...
Paradise on tap... United Airlines (UAL) has announced plans to begin service between San Francisco and Pape'ete, Tahiti, the South Pacific's gateway to more than 118 islands in French Polynesia including Bora Bora, Moorea, the Marquesas and Raiatea.
United is the only US carrier offering nonstop service to Tahiti from the mainland United States. Tickets are now available for purchase.
“We are excited to announce Tahiti as our 13th new international route this year, and we are even more thrilled about offering our customers a whole new world of vacation opportunities,” said...
British Columbia's Flair Airlines begins service as the first low-fare carrier in Canada to fly from Vancouver International Airport, Toronto Pearson Airport and Kelowna International airport.
The airline announced plans to expand its route network in September to add the three additional airports. Service will includes direct flights between Toronto to Edmonton and Vancouver to Kelowna, Edmonton with one-stop flights to Toronto (and returns).
“Flair is making significant strides, operating as the only ULCC in Canada. Over the last six months we have expanded our route...
Air Canada and Air China Limited are expanding their mutual codeshare services and lounge agreement in time for the 2018 Canada-China Year of Tourism, recognizing the importance of tourism and trade between the two countries.
As Air Canada and Air China work toward finalizing their planned joint venture, while satisfying both countries' applicable regulatory conditions, the two Star Alliance carriers also launched their first joint frequent flyer promotion to offer the carriers' respective Aeroplan and PhoenixMiles members up to 30% bonus miles effective Dec. 15 for eligible travel...
Ethiopian Airlines Canada has announced a partnership with Toronto's The Hospital for Sick Children (SickKids) that is a “partnership to assist the hospital dedicated to improving the health of children and providing the best in family-centred, compassionate care.”
Ethiopian Airlines Canada will donate 12 round-trip flights to support the International Patient Office and the Herbie Fund, which helps children from around the world receive surgical care and treatment at SickKids in Toronto. The flight donation will be used to bring children and their families seeking medical...
Porter Airlines will resume seasonal service to Myrtle Beach, beginning Feb. 14, with tickets now available to book.
Flights operate twice weekly on Wednesdays and Saturdays, with added frequency during March Break. Service concludes on May 19.
Myrtle Beach is an elite golf destination with more than 100 courses in the area.
Porter Escapes offers numerous resort packages in Myrtle Beach, including Bay Watch Resort and Conference Centre, Camelot by the Sea, Doubletree Resort by Hilton Myrtle Beach Oceanfront, Marina Inn at Grand Dunes, Sheraton Broadway Plantation and The Patricia...
Air Canada is sharing the joy of the holiday seasons and helping make reunions even more memorable with a “Welcome Home” celebration at Pearson International in Toronto Dec. 13-15.
The airline will open a pop-up boutique to give away cards, Teddy bears, flowers, signs and even free airfare to some lucky family and friends waiting on their loved ones. The fun takes place from 2 p.m. to 7 p.m. at Terminal 1, Arrivals...
WestJet reports that members of WestJet Rewards can now redeem their WestJet dollars on Member Exclusive fares to destinations in the Qantas Airways network, including Sydney, Melbourne and Auckland.
“We are delighted to deepen our partnership with Qantas and bring even more global travel options to our WestJet Rewards members,” said Ed Sims, WestJet executive vice-president, Commercial. “Offering Qantas' premium products, service, and flight network to our members is a further example of WestJet Rewards taking our guests even more places they want to go.”
Member Exclusive...
Air Canada has embarked on the next phase of its transformation with its new Boeing 737 MAX 8 aircraft entering regular scheduled service.
The 169-seat, fuel-efficient aircraft features Air Canada's next generation in-flight entertainment system, spacious overhead storage bin capacity and Boeing's Sky Interior. The plane is being used on a Calgary to Montreal route, followed by service from Montreal to Vancouver.
Air Canada has 61 firm orders for the 737 MAX. They are to be delivered by 2021, with 18 due to enter the fleet by the end of 2018. Its first scheduled flights in North...
The Tahiti Travel Exchange (TTE) took place last week at the Tahiti Pearl Island Resort, with over 120 travel agents, suppliers and tour operators taking part, reports PressToday's James Donald who attended the event.
Some 30 suppliers – including the likes of Air Tahiti Nui, Sofitel Hotels and Paul Gauguin Cruises – were on hand for the Exchange, and moved from table to table offering agents nine minute presentations on their products and services. And it was certainly a popular format with the agents that we travelled with on our FAM trip.
Before the roundtable presentations...