June 5, 2017, © Leeham Co.: Boeing has a “crisis” in the Middle of the Market airplane sector, declared Airbus’ top salesman.
Development of the 737 MAX 10, which is expected to be launched at the Paris Air Show in two weeks, won’t solve it, either.
John Leahy, COO Customers for Airbus, made the remarks today during a small press event at the Annual General Meeting of IATA in Cancun, Mexico.
By Bjorn Fehrm
September 29, 2016, ©. Leeham Co: We visited ISTAT (International Society of Transport Aircraft Trading) 2016 conference in Barcelona this week. The most interesting part of the conference was the economists panel with discussions between the economist: Brian Pierce, chief economist of IATA; Peter Morris, chief economist at Ascend; and Adam Pilarski, SVP and Head of Consulting, AVITAS.
The economists agreed that the air transport market is at a cross-roads, but not which route it will take.
Let’s start with the market facts presented by IATA’s Pierce: Read more
July 6, 2016, © Leeham Co.: Going into the Farnborough Air Show (#FIA16 on Twitter) next week, ominous signs continue to emerge about the health of the air cargo
The International Air Transport Assn. (IATA) Wednesday said yields and traffic remain under pressure. Freight tonne kilometers fell 0.9% year-over-year, IATA reported.
“Yields remained pressured as freight capacity measured in available freight tonne kilometers (AFTKs) increased by 4.9% year-on-year,” IATA said. “reight demand decreased or flat lined in May across all regions with the exception of Europe and the Middle East. These regions recorded growth in air cargo volumes of 4.5% and 3.2%, respectively, in May, compared to the same period last year.”
Lufthansa Cargo saw yields in a “landside” drop, according to a Bloomberg report.
June 27, 2016: Aerospace and airline analysts are reacting to Thursday’s vote in Britain to leave the European Union. Below is a synopsis of some of the analyst notes we receive.
We are forwarding the analysis our European Transports team put out this morning on Brexit and have a few observations as it relates to US Airlines.
June 13, 2016, © Leeham Co.: Signs are becoming more frequent that airlines are facing slowing economies around the globe, with impacts on existing orders in the backlog.
Last week JetBlue said it is trimming growth on rising fuel costs and softening revenue. LatAm also said last week that it plans to trim some Airbus A350 and Boeing 787 orders amid slumping traffic in Brazil. Delta Air Lines previously said it will defer four A350s and trimming growth due to slowing economy.
By Bjorn Fehrm in Dublin
June 1, 2016, ©. Leeham Co: We report from the International Air Transport Association’s (IATA) Annual General Meeting running in Dublin Thursday and Friday this week, where all the world’s airlines meet to report on a number of initiatives and decide on things to do going forward.
The first briefing from IATA was on the level of safety in the air for 2015, measured through the IATA Operational Safety Audit, IOSA. 2015 was a good year, not quite to the level of 2014 which was the safest year in history, but close at 0.32 jet hull losses per one million flights instead of 0.27 recorded for 2014, Figure 1.
As a reference, the the 2013 rate was 0.41 hull losses over one million flights. The 2015 rate was a 30% improvement over the average rate of the years 2010-2014. The turboprop level was worse at 1.29 hull losses per million flights but it was a large improvement compared to previous years at 3.13 and 3.95. It shall be cautioned that the sample size for Turboprops is much smaller than for Jets, therefore one hull loss will affect the statistics quite a lot. Read more
March 18, 2016: The air cargo market continues to struggle, according to data compiled by the International Air Transport Assn. (IATA) in its first quarter report for information primarily in the fourth quarter and full year of 2015.
Freight capacity in the bellies of passenger airliners far outstripped main-deck cargo capacity, IATA reports. Load factors for main deck freighters continue to hover in the low 40% range, IATA data shows, extending a long trend. But capacity was also added during the period as freighters emerged from storage, adding to global capacity.