New York (AirGuideBusiness - Airport Business News North America) Apr 28, 2013
American Airlines, US Airways American, US Airways analyze ways to merge smoothly. Executives from American Airlines and US Airways said 29 employee teams are analyzing how to integrate the two carriers in a proposed merger. "We want to move aggressively, but take that care needed to avoid the pitfalls others have experienced," said Bev Goulet, American's senior vice president and chief integration officer. Apr 26, 2013
IATA Airline CFOs expect profits to improve, IATA survey finds. Chief financial officers and cargo executives of global airlines are more optimistic about the airline industry, according to a survey by the International Air Transport Association. Seventy-three percent of respondents in the survey predict profitability will improve over the next 12 months. Apr 25, 2013
IATA IATA chief: CAAOs proposals do not address Heathrow cost issues. In response to the United Kingdom Civil Aviation AuthorityOs (CAA) initial price proposals for London airports, Tony Tyler, Director General and CEO of the International Air Transport Association (IATA) said: OThe CAAOs recommendation for a price cap of RPI -1.3% for the next five years is like prescribing a placebo to treat a very serious illness. Everybody recognizes the enormous potential to reduce costs to rebuild the competitiveness of Heathrow and LondonOs other airports. But with such a weak price cap, we are missing an opportunity to do something meaningful. Over the last decade, airlines continuously cut costs to survive, while the regulator allowed Heathrow charges to triple. TodayOs proposal does not even begin to address HeathrowOs cost problems seriously.O OAviation is a strategic industry for the UK supporting some 1.4 million jobs and over GBP 70 billion in economic activity. But the toxic combination of government policies and decisionsNhigh costs, restricted hub capacity and APD which is the highest aviation tax in the worldNis eroding the UKOs status as EuropeOs biggest aviation hub. That Heathrow is measurably more expensive than its European rivals is clear evidence. Efficiency gains which have already been identified by the CAA can close the competitiveness gap and give greater value to UK air passengers. The public consultation period should incorporate these into much more challenging but achievable cost reduction targets. That will benefit passengers, improve competitiveness, drive economic growth and generate jobs,O said Tony Tyler, IATAOs Director General and CEO. Apr 24, 2013
IATA Freight markets weaken in March. GENEVA, Switzerland [ETH] The International Air Transport Association (IATA) released figures showing that air freight markets weakened in March, and that the improvement in air cargo growth rates that began towards the end of 2012 has stalled. Global Freight Tonne Kilometers (FTKs) were down 2.3% in March compared to March 2012, with only the Middle East and Africa showing an expansion. Asia-Pacific carriers are the largest players in air freight (together they comprise 38.5% of the market). With a 3.3% fall compared to the previous year, this region showed the greatest weakness in terms of actual freight volumes. The US and Europe, however had larger percentage falls (5.2% and 4.0% respectively), but on a smaller market share. Global air freight volumes are now only 1.5% above the October 2012 low point, down from the 3.5% rise that had been reached in January. OThe March decline in air cargo is most likely a temporary stall. The fundamentals for a sustained improvement in air cargo volumes...