CTC Singapore Corporate Travel Summit

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Singapore: CTC Singapore Corporate Travel Summit

CTC Singapore will introduce our “Corporate Branches” format, designed to ensure all aspects of the corporate travel ecosystem are explored and featured in our signature exhibition space.

CAPA Latin America Aviation & LCCs Summit

Upcoming Event

31-Aug - 1-Sep

Querétaro: CAPA Latin America Aviation & LCCs Summit

The CAPA Latin America Summit is part of CAPA's regional summit series and is highly regarded as a benchmark event for the regional air travel industry.

IBS Software, President, Jitendra Sindhwani spoke to CAPA TV at the CAPA Americas Aviation & LCCs Summit in Ontario, California in Apr-2023 about latest industry trends and company developments. 

CAPA Events are hosted in key markets around the world and attract the highest calibre of thought leaders and decision makers in the aviation and travel industry. Delegates are provided with unprecedented access to the latest data, insights and trends from our global team, in addition to valuable networking opportunities with executives across all sectors of the aviation and travel industry. Review CAPA’s full events calendar here.   

Latest News Headlines

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Airbus announced (06-Jun-2023) new cabin features for the A200 Family, following feedback from the market. The cabin enhancements include the 'Airspace XL Bin' provided by Diehl Aviation, which offers increased capacity and lighter weight. Airbus will also integrate a redesigned and improved passenger service unit (PSU), provided by Astronics Corporation, and an enhanced ceiling. This is the first PSU collaboration between Astronics and Airbus. An optional third LED light is also offered, located under the new bin. The new A220 Airspace XL Bins will become available from 2025 and will be retrofittable and offer increased capacity of around 19 more passenger bags on the A220-300. They will also accommodate longer and heavier payload items due to a four frame design. [more - original PR] [more - original PR - II]

IATA announced (05-Jun-2023) an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. Highlights include:

  • Airline industry net profits are expected to reach USD9.8 billion in 2023 (1.2% net profit margin), more than double the previous forecast of USD4.7 billion in Dec-2022;
  • Airline industry operating profits are expected to reach USD22.4 billion in 2023, improved over the Dec-2022 forecast of a USD3.2 billion operating profit. It is also more than double the USD10.1 billion operating profit estimated for 2022;
  • Around 4.35 billion people are expected to travel in 2023, approaching the 4.54 billion who flew in 2019;
  • Cargo volumes are expected to be 57.8 million tonnes, which has slipped below the 61.5 million tonnes carried in 2019 with a sharp slowing of international trade volumes;
  • Total revenues are expected to grow 9.7% year-on-year to USD803 billion. This is the first time that industry revenues will exceed USD800 billion since the 2019 level of USD838 billion. Expense growth is expected to be contained to an 8.1% annual increase.

IATA director general Willie Walsh stated: "Airline financial performance in 2023 is beating expectations. Stronger profitability is supported by several positive developments". Mr Walsh said: "Economic uncertainties have not dampened the desire to travel, even as ticket prices absorbed elevated fuel costs". He added: "Repairing damaged balance sheets and providing investors with sustainable returns on their capital will continue to be a challenge for many airlines". [more - original PR]

6-Jun-2023 6:35 PM

Star Alliance appoints new CEO

Star Alliance appointed (05-Jun-2023) Theo Panagiotoulias as CEO, effective "within the coming months". Mr Panagiotoulias has more than 25 years of international experience in the airline and aviation industry and previously served as Hawaiian Airlines SVP for global sales and alliances since 2014. Mr Panagiotoulias will succeed Charlotta Wieland, who was seconded from SAS to serve as Star Alliance interim CEO since Jan-2023. Ms Wieland will return to SAS and also rejoin Star Alliance's management board as SAS representative. [more - original PR]

IATA appointed (05-Jun-2023) RwandAir CEO Yvonne Manzi Makolo as IATA board of governors (BoG) chair for a one year term. Ms Makolo succeeds Pegasus Airlines chairperson Mehmet Tevfik Nane. Mr Nane will continue to serve on the BoG. Ms Makolo has served on the BoG since Nov-2020 and becomes the 81st chair and the first woman to take on the role. Ms Makolo said: "Leading a medium-sized airline in Africa gives me a unique perspective on issues that airlines hold in common. At the top of the agenda are decarbonization, improving safety, the transformation to modern airline retailing, and ensuring we have cost-efficient infrastructure". IATA director general Willie Walsh said: "I look forward to working with Yvonne as we tackle the important challenges of sustainability, rebuilding the aviation workforce while growing diversity and reinforcing the global standards that are so critical for efficient connectivity". IATA announced IndiGo CEO Pieter Elbers will serve as BoG chair from Jun-2024, following Ms Makolo's term. [more - original PR] [more - original PR - II]

IATA stated (05-Jun-2023) that while the global airline industry is expected to return to profitability in 2023, financial performance across regions remains diverse. Industry financials are improving in all regions from the "COVID-related depths" of 2020, although not all regions are expected to deliver a profit in 2023. IATA reported the following updated regional outlook:

  • North America: Remains the standout region in terms of financial performance. Consumer spending has remained solid, despite cost of living pressures, and the demand for air travel remains "robust". Air passenger demand is forecast to exceed the 2019 level in 2023;
  • Europe: Notwithstanding various capacity constraints experienced over the summer period, European carriers were able to return to profit in 2022. That profitability will strengthen further in 2023. The key regional risks relate to the war in Ukraine, labour unrest and concerns about economic performance in some key countries;
  • Asia Pacific: Now that all economies in the region have lifted COVID-19 travel restrictions, the industry recovery is underway. A sharp rise in both passenger volumes and capacity is expected to be reflected in a sizeable improvement in 2023 financial results and a narrowing of the gap to other regions;
  • Latin America: Passenger volumes are recovering quickly, but the financial performance varies considerably across the region. The region will remain in the red, although some airlines are expected to post solid profits. Overall, industry financial performance is expected to continue to improve, but a challenging economic backdrop in a number of countries is dampening the pace of recovery;
  • Middle East: The region's return to profitability in 2022 was supported by a significant increase in the passenger load factor of almost 25pp, outstripping the performance of other regions. Middle East carriers have been swiftly rebuilding their international networks and the region's international connectivity returned to 98% of its pre-COVID-19 level in Mar-2023;
  • Africa: Remains a "difficult" market in which to operate an airline, with economic, infrastructure and connectivity challenges impacting the industry performance. Despite these challenges, there is still "robust" demand for air travel in the region which underpins the continued move towards a return to overall industry profitability. [more - original PR]

Canadian Council for Sustainable Aviation Fuels launched (05-Jun-2023) Canada's first sustainable aviation fuel (SAF) roadmap, detailing policy framework, priority actions and next steps towards net zero carbon emissions by 2050. The roadmap focuses on the following key objectives:

  • Immediate decarbonisation: Maximise SAF now from commercial ready pathways;
  • Feedstock activation: Establish commercial pathways for all Canada's feedstocks;
  • Innovation drive: Launch demonstrations with homegrown technology in multiple pathways.

The roadmap is premised on the target of consuming one billion litres of SAF by 2030, representing 10% of all jet fuel use in Canada. By 2035, Canada is expected to produce SAF to meet 25% of total domestic jet fuel demand, reducing emissions by up to 20%. The roadmap was developed in collaboration with the Transition Accelerator and Energy Futures Lab. [more - original PR]

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