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The international association cites a rise in fuel prices and a significant deterioration in the situation in world trade among the reasons for the decline in profits. “Weakening of global trade is likely to continue against the backdrop of the trade war between the United States and China,” said IATA Director General Alexandre de Juniac. “This primarily affects air cargo, but as tension are increasing, passenger traffic can also be affected.”
This year, airline costs are expected to grow by 7.4%, which will exceed 6.5% revenue growth. The projected cost of 2019 is $ 822 billion, total revenue is expected to reach $ 865 billion. At the same time, the total number of passengers transported by the airline this year is expected to grow to 4.6 billion. Last year, this figure was 4. 4 billion
According to Carsten Spohr, CEO of German airline Lufthansa, the European aviation market needs to be consolidated and local airlines are ready for this. Mr. Spohr said this on Sunday, June 2, in an interview with the American television channel CNBC. According to him, Lufthansa is also ready to engage in this process.
source: cnbc.com
This year, airline costs are expected to grow by 7.4%, which will exceed 6.5% revenue growth. The projected cost of 2019 is $ 822 billion, total revenue is expected to reach $ 865 billion. At the same time, the total number of passengers transported by the airline this year is expected to grow to 4.6 billion. Last year, this figure was 4. 4 billion
According to Carsten Spohr, CEO of German airline Lufthansa, the European aviation market needs to be consolidated and local airlines are ready for this. Mr. Spohr said this on Sunday, June 2, in an interview with the American television channel CNBC. According to him, Lufthansa is also ready to engage in this process.
source: cnbc.com
