Aviation

U.S. Travel Agents Set Air Ticket Sales Record in 2011

January 13, 2012

ARC, the financial settlement link between airlines and travel sellers, reported today that the consolidated dollar value of airline tickets sold by U.S.-based travel agencies in 2011 increased 6.11 percent* year-over-year compared to 2010, and 25 percent over 2009. Last year’s ticket sales totalled a record $82.1 billion, compared to $77.4 billion in 2010, and [...]

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Global Airline Capacity Grows for 8th Consecutive Month

January 12, 2012

Regionally, the gap between the Asia Pacific and North America intra-region markets has further widened, with Asia Pacific now recording 39% more intra-region seat capacity compared to North America. Schedule frequency and seat capacity to/from Asia Pacific increased by 7.29% and 6.29% respectively against the same period last year. Also noteworthy is the international seat [...]

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Premium Traffic Monitor – October 2011

December 22, 2011

Premium passenger numbers on international markets fell sharply in October; Compared to a year ago premium travel was just 0.1% higher in October, compared with 6.7% in September; We interpret this as being mostly due to business travelers shifting to cheaper seats, since in October economy travel was up 4% on last year; The share [...]

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Travel Weekly Recognizes David Collins with a Lifetime Achievement Award

December 20, 2011

ARC takes pleasure in announcing that Travel Weeklyhas bestowed an esteemed Lifetime Achievement Award on David Collins, the company’s former president and CEO. Collins was recognized for his leadership and contributions to the travel industry for more than 43 years. Collins, who holds a master’s degree in economics and law from Cambridge University in England, [...]

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GE Aviation Just Signed a $4.7 Billion Contract with Southwest Airlines

December 15, 2011

On Tuesday, Southwest Airlines announced that they intend to order 150 Boeing 737 Max jets from GE Aviation and its partner in France, Snecma. Southwest Airlines will be paying $4.7 billion dollars for the jets, which is very good news for GE Aviation. Southwest Airlines is one of a few North American airlines that have [...]

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Plane crash compensation: how it works

December 9, 2011

When it comes to seeking plane crash compensation, the process can be a lot easier than it is with many other types of personal injury claim.

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Cautious Response for EU Airports Package

December 2, 2011

(IATA) reacted cautiously to today’s publication of the European Commission’s Airport Package of legislation which is aimed at addressing the critical issues of European airport capacity and competitiveness. “Competitiveness and capacity of the air transport sector are critical foundation stones for the European economy. The airports package is an indication that the European Commission has [...]

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Air Freight Continues Decline

December 1, 2011

IATA announced global traffic results for October. Cargo demand was 4.7% below the same month in 2010 while passenger traffic showed a 3.6% rise over previous year levels. “Cargo is the story of the month. Since mid-year the market has shrunk by almost 5% and this is far greater than the 1% fall in world [...]

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