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IATA Releases Airline Industry Economic Performance 2014

 

The IATA Airline Industry Economic Performance
Year Ending 2014

Key Points:

Consumers benefit from lower oil prices with lower fares, more routes, and spend 1% of world GDP on air transport.

Economic development big winner from the doubling of city pairs and halving of air transport costs in past 20 years.

Governments gain substantially from $125bn of taxation next year and from 58 million ‘supply chain’ jobs.

Equity owners see a far better 2015 with a 7% average airline ROIC, but still earn $5.7 billion less than they should.

Fuel use per ATK to fall a further 1.6% y-o-y, saving 12 million tonnes of CO2 emissions and $3 billion of fuel costs.

Load factors forecast to slip as capacity accelerates; new aircraft deliveries represent a $180 billion investment.

Jobs in the industry should reach 2.45 million, productivity will be up 4.8% and GVA/employee almost $109,000.

Infrastructure use costs are rising, plus inefficiencies in Europe alone add $3.8bn to airline costs next year.

North American region performs best with a 6% net post-tax profit margin in 2015. Africa weakest at just 1.1%.

View full report (PDF)

http://www.iata.org/whatwedo/Documents/economics/IATA-Economic-Performance-of-the-Industry-end-year-2014-report.pdf

VIDEO, Annual Review IATA posted to Youtube by IATA-TV

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