Airlines
Amex GBT’s 2024 Air Monitor finds prices will stabilize on key routes
In its Air Monitor 2024, American Express Global Business Travel (Amex GBT) reports that airfares look set to stabilize across key routes around the world; but noting that it expects marginal price rises, and some falls, on regional and international business travel routes. Dan Beauchamp, Head of Consulting at Amex GBT, observed that: “Supply and demand are finding equilibrium as airlines add capacity and the leisure demand that drove record carrier revenues in 2023 softens.” Beauchamp continued: “As we describe in Air Monitor 2024, air fares are set to stabilize with prices...
Air Canada shares the joy of holiday reunions in ‘Once upon a Tree’
Air Canada’s brand marketing team welcomed travel industry partners, family and friends to the Cineplex Cinemas at Yonge and Dundas in Toronto last night (Dec. 7) to premier the company’s 2023 holiday spot, ‘Once Upon a Tree.’ ‘Once upon a Tree’ is the story of two Nutcracker Bears who, after a year of being tucked away together, find themselves on separate branches of the family Christmas tree. Distraught at the thought of spending the holidays apart, they make heroic efforts to reconnect include zip-lining along a string of lights and collapsing a gingerbread...
IATA posts positive 2024 projections
IATA is projecting strengthened profitability for airlines in 2023, which will then largely stabilize in 2024. However, it says that net profitability at the global level is expected to be well below the cost of capital in both years. Very significant regional variations in financial performance remain. Highlights of IATA’s outlook include: • Airline industry net profits are expected to reach $25.7 billion in 2024 (2.7% net profit margin). That will be a slight improvement over 2023 which is expected to show a $23.3 billion net profit (2.6% net profit margin). • In both...
Air Transat adds year-round flights to Costa Rica & El Salvador
Air Transat's popular routes between Montreal and San Salvador, El Salvador, and Liberia, Costa Rica, which were previously operated only during the winter season, will now be available year-round. “This service extension is a reflection of our commitment to offer our customers flexible and varied travel options,” said Michèle Barre, Transat's chief revenue officer. “The annualization of these routes is a direct response to the growing interest in Latin American destinations, and we are proud to now offer these exclusive nonstop flights from Montreal year-round.” Weekly...
Passenger demand recovery continues on track in October
The recovery continues, with IATA reporting that passenger demand continued to bounce back in October. The global airline industry association said that: Total traffic in October 2023 (measured in revenue passenger kilometres or RPKs) rose 31.2% compared to October 2022. Globally, traffic is now at 98.2% of pre-COVID levels. Domestic traffic for October rose 33.7% versus October 2022, driven by the triple-digit percentage growth recorded in China, and was 4.8% above the October 2019 results. International traffic climbed 29.7% compared to the same month a year ago. All...
Air Canada on track with new Air-to-Rail connections in Europe
Air Canada has unveiled new air-to-rail booking options for customers to connect at European airports with four major passenger rail systems. Through new railway and distribution partnerships, Air Canada customers, when purchasing flights, can now also book onward rail trips to a multitude of destinations throughout France, Germany, Switzerland, and Austria to create a seamless travel itinerary. Mark Galardo, Executive Vice President, Revenue and Network Planning, at Air Canada, explained that: “As a leading global airline, Air Canada excels at flying, but we also know intermodal...
Porter adds new routes to Western Canada from Montreal
Porter Airlines is adding daily roundtrip flights on three new non-stop routes between Montréal-Pierre Elliott Trudeau International Airport (YUL) and Vancouver International Airport (YVR), Calgary International Airport (YYC) and Edmonton International Airport (YEG). The addition of the new routes beginning next spring provides another way to travel between Porter’s extensive Eastern Canada network and the west. Service features on these routes include complimentary premium snacks, beer and wine served in glassware, and free, fast WiFi for all passengers. Fresh, healthy meals are also...
Air Canada customers can now track baggage, mobility aids
Air Canada has introduced a new feature to the Air Canada mobile app to enable customers traveling within Canada to track the progress of their baggage and mobility aid in real time at key points as it moves with them throughout their journey. The new tracking feature is designed to provide travellers with added confidence and improve the overall customer experience through greater convenience. Tom Stevens, Vice President, Customer Experience and Operations Strategy at Air Canada, said that: “At Air Canada, we know that apart from a safe, comfortable journey, the prompt delivery...