Airlines see improving profits in Q4 2017: IATA survey

Updated 2018-01-31 11:41:05 Xinhua

The International Air Transport Association (IATA) said Tuesday that 75 percent of airlines surveyed early in January indicated an improvement in year-on-year profitability in the fourth quarter of 2017 compared with the same period in 2016.

In its latest business confidence survey of airline chief financial officers (CFOs) and heads of cargo, IATA found that the majority (56 percent) reported that they expect their profitability levels to improve further over the coming 12 months.

This positive outlook is supported by robust demand growth on both the passenger and freight sides of the business. It said 86 percent of respondents expect passenger volumes to rise over the year ahead -- the highest proportion in more than a decade.

A total of 38 percent of respondents reported an increase in input costs in the fourth quarter of 2017 compared with the same period a year ago, with many singling out the impact of higher fuel prices.

The airline association said, however, that the upward trend in oil prices is expected to continue to impact airline costs in the year ahead.

That said, partly due to the strength of the economic backdrop and current demand and supply balances, IATA's respondents appear confident about the outlook for both passenger and freight yields over the year ahead.

The outlook for industry employment over the next 12 months remains positive, with 37 percent of respondents expecting to increase employment and a similar proportion expecting to maintain current levels.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58February 23 2019 13:39:16

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16February 23 2019 13:39:16

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18February 23 2019 13:39:16

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords