Aviation Wrap-Up February 2023
February proved that the aviation sector continues to evolve in response to market conditions. For air cargo operators, the month ushered in new concerns over stricter screening rules imposed by the Certified Cargo Standard Security Screening Program (CCSSSP). All of this is occurring as the Asia Pacific and Middle East regions proved to have the busiest airline routes in February. Read this and more news in our monthly wrap-up.
Aviation Wrap-Up January 2023
There is a lot for the aviation industry to be optimistic about as we wrap up the first month of 2023. We are already seeing a pronounced return to pre-pandemic levels for global aviation activity. In addition, many airlines are experiencing improved on-time performance with some airlines leading the pack on punctuality. Read this and more news in our monthly wrap-up.
4 Aviation Trends for 2023 to Watch for
2022 has been a year with ups and downs in the aviation industry. The sector had to face several challenges including inflation, severe staff shortages and rising oil prices. But, as many things in life there was also a brighter side. In fact, despite ongoing financial pressure, aviation proved once more to be a strong and resilient industry. The ease of Covid travel restrictions worldwide boosted passenger traffic recovery to the extent that aviation is now expected to return to profitability this year. What else can be expected looking forward? Read here four 2023 aviation trends.
Aviation Wrap-Up December 2022
In the run-up to year-end, let’s take a look at the latest aviation news.
According to International Air Transport Association (IATA), the next two years should see continued strides in the aviation industry’s recovery with some sectors faring better than others. Notably, passenger airlines are expected to return to profitability in 2023; however, business travel will be impacted by rising air fares on key business routes. Meanwhile, cargo may see a decline in volumes, yields, and profits due to uprising challenges. Read more.
Aviation Wrap-Up November 2022
This November saw aviation continue to recover with some regions setting new priorities to better handle increasing travel demand. New rankings recognized the positive performance of US airports. Finally, a growing number of airlines, airports and ground handlers are recognizing the value that digitalization can bring to key operational areas. Read more here.
Aviation Wrap-Up October 2022
Despite ongoing challenges including supply chain disruptions, labor shortages, and other troubled economies in many regions, the aviation industry continues to rebound. Some airlines even managed to improve their on-time performance, taking Latin American carrires the lead. The past month was also very positive for the air cargo sector, with scheduled cargo tonne kilometer(CTK) increasing by 18.7%. Read more news in our monthly wrap-up.
Aviation Wrap-Up September 2022
Developments are occurring across the aviation industry within various markets, categories, performance and sustainability. We are witnessing changes in passenger market dominance among regions, the air cargo sector potentially beating performance expectations, an new airline leader in on-time performance, and an update in the progress of sustainable aviation fuel production. Read more here.
Aviation Wrap-Up August 2022
As the summer comes to an end, the season closes with some changes in regional performance, concerns over higher airfares, and the focus on the cargo sector’s failure to more rapidly toward digitalization to replace inefficient manual processes. Read more in our monthly wrap-up.
Aviation Wrap-Up July 2022
With passenger travel continuing its ascent, the industry as a whole could see profitability in 2023. In North America, profits are already expected to reach $8.8 billion this year. On another note, the European Commission has proposed restoring normal slot usage. The ”80:20” usage rule is said to be aligned with the current air traffic recovery. Air cargo sector news highlights the challenges airports and airlines face in engaging next generation workers and the need to accelerate recruitment efforts. Find out more in our monthly wrap-up.
Aviation Wrap-Up June 2022
The aviation industry’s recovery is clearly underway but challenges remain. Passenger demand continues to increase, but capacity issues persist due to staff shortages and changing Covid regulatory procedures. For cargo, which had been one of the bright spots during the pandemic, ground handling bottlenecks are driving higher air cargo rates. The promise of sustainable aircraft fuels (SAFs) is still high in the minds of airline and airport executives, but these fuels are not yet widely available. Add to these challenges, increasing cyber threats targeting airports and airlines and it is evident that the industry is still in the midst of a difficult period. Read this and more news here.