Travel Industry Wire
December, 8 2023
 
 
 
Airlines Set to Earn 2.7% Net Profit Margin on Record Revenues in 2024
 
Airlines Set to Earn 2.7% Net Profit Margin on Record Revenues in 2024
 
The International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2023, which will then largely stabilize in 2024. However, net profitability at the global level Read More
 
UNWTO World Tourism Barometer
UNWTO Reports International Tourism to End 2023 Close to 90% of Pre-Pandemic Levels
 
International tourism is on track to recover almost 90% of pre-pandemic levels by the end of this year. According to the latest data from the World Tourism Organization (UNWTO), an estimated 975 million tourists travelled internationally between January and September 2023, an increase of 38% on the same months of 2022. Read more
 
2024 Travel Trends
Latest Survey Data from ISeatz Indicates a Sustained Demand for Travel Next Year
 
A key insight from the ISeatz report reveals that most consumers plan to maintain or increase their travel frequency in 2024 compared to 2023, primarily for leisure purposes. This trend is driven in large part by younger consumers, especially Millennials and Gen Z, who not only traveled more in 2023 but also plan to amplify their travel activities in the coming year. Read more
 
U.S. Air Travel Consumer Report
U.S. Air Travel Consumer Report: September 2023 Numbers and 3rd Quarter Numbers
 
For the first nine months of 2023, 1.6% of flights have been canceled, far below the 2.8% cancellation rate for the first nine months of last year and the 2.2% cancellation rate for first nine months of pre-pandemic 2019. Read more
 
U.S. Airline Fuel Consumption
U.S. Airlines October 2023 Fuel Cost Per Gallon Down 0.8% from September 2023
 
Aviation Fuel Consumption Up 2.9% from Pre-Pandemic October 2019 Read more
 
Global Airline Passenger Demand
Global Airline Passenger Demand Recovery Continues On Track in October
 
Total traffic in October 2023 (measured in revenue passenger kilometers or RPKs) rose 31.2% compared to October 2022. Globally, traffic is now at 98.2% of pre-COVID levels. Read more
 
Market Report Bahamas
The Bahamas Achieves Unprecedented Tourism Success with Record-Breaking Eight Million Visitors
 
The Bahamas Ministry of Tourism, Investments & Aviation announced a historic achievement in tourism, with the country welcoming a record-breaking eight million annual visitors this year. Read more
 
Global Air Cargo Trends
Global Air Cargo Demand Up 3.8% in October
 
The International Air Transport Association (IATA) released data for October 2023 global air cargo markets indicating the third consecutive month of stronger year-on-year demand. Read more
 
Porter Airlines Fleet
Porter Airlines Orders 25 Embraer E195-E2s
 
New order brings Porter's firm orders to 75 E195-E2 - with 25 purchase rights Read more
 

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In Brief...
 

ASUR Performance
ASUR Announces Total Passenger Traffic for November 2023

Aeromexico Performance
Aeromexico November 2023 Traffic Results

Viking Cruises Fleet
Viking Announces 10 Additional River Ships in Europe

Margaritaville Cruises
Margaritaville at Sea Adds Second Ship with Expanded Caribbean Itineraries

Management Appointment CLIA
Cruise Lines International Association Announces the Promotion of Donnie Brown to Senior Vice President of Global Maritime Policy

Porter Airlines Routes
Porter Airlines Launches Two New Fort Lauderdale Routes

Hawaiian Airlines Routes
Hawaiian Airlines Begins Ticket Sales for Salt Lake City-Honolulu Flights, Nonstop Service Between Sacramento and Līhuʻe and Kona

 
 
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