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06
Jun

Emirates sees oil, dollar 'double whammy', but demand strong

on Wednesday, 06 June 2018 00:56.

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By Tim Hepher, Victoria Bryan | Reuters

SYDNEY (Reuters) - The president of Emirates airline said the rare combination of higher oil and a stronger dollar, which usually move in opposite directions, represented a “double whammy” in terms of their impact on costs but that passenger demand remained strong.

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06
Jun

Gov’ts urged to be cautious about privatization of airports

on Wednesday, 06 June 2018 00:55.

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By Emmie Abadilla | Manila Bulletin

SYDNEY – Worldwide, about 14% of airports, handling 40% of global traffic, have been privatized.

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05
Jun

Aviation industry still profitable despite rising costs – IATA

on Tuesday, 05 June 2018 00:32.

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By Emmie Abadilla | Manila Bulletin

SYDNEY, Australia – Despite rising fuel and labor costs plus an upturn in the interest rate cycle, airlines expect to net US$33.8 billion collective profits (4.1% net margin) in 2018, versus its record $38.0 billion earnings last year, though comparisons will be “severely distorted” by special accounting items, such as one-off tax credits, which boosted 2017 profits.

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06
Jun

Airlines adjusting hedges, fares, capacity and fleet as oil price jumps

on Wednesday, 06 June 2018 00:54.

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Reuters

SYDNEY (Reuters) - Airlines are locking in fuel hedges, lowering capacity, raising fares and retiring older jets to cope with rising costs alongside the highest oil prices since 2014, industry executives say.

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05
Jun

Clark airport workers won’t lose jobs, says BCDA chief

on Tuesday, 05 June 2018 00:19.

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Philippine Daily Inquirer

CLARK FREEPORT — The president of the Bases Conversion and Development Authority (BCDA) has allayed fears of layoffs by 315 regular employees of its subsidiary, Clark International Airport Corp. (CIAC), when operations and maintenance of Clark International Airport (CRK) are awarded to a private company in August.

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