IATA urged (15-Nov-2012) stakeholders in the Latin American and Caribbean region to be a safer and more efficient air transport industry. IATA’s director general and CEO Tony Tyler said, “Latin America is a good news story. Aviation supports more than 4.6 million jobs and USD107 billion in GDP across the region. Latin American carriers are expected to post a collective profit of some USD400 million this year. That’s USD100 million better than in 2011. The expected EBIT margin of 2.7% would be the second strongest in the industry behind North America at 3.0%. And the demand for connectivity across the region is growing. Passenger traffic was up 10.1% over the first nine months of the year—the second highest growth rate after Middle East carriers at 16.6%. The region is showing great promise. But it also faces challenges.” [more - original PR]
IATA urges Latin America and Caribbean region to improve safety and efficiency
You may also be interested in the following articles...
Latin America Fleet Outlook
Latin America’s Recession has greatly slowed fleet growth, but LCCs start to assert themselves
Finnair and TAP Portugal: their location based long haul niche strategies compared
Both Finnair and TAP are based in peripheral corners of Europe: Finnair in the extreme northeast and TAP in the southwest. Both are based in countries with relatively small populations, but they have developed networks that capitalise on their geographic location to carry connecting traffic from across Europe and elsewhere to long haul destinations in other continents.
TAP's main long haul market is Upper South America (primarily Brazil), but it also has a secondary long haul niche in Africa. Finnair's main long haul market is Northeast Asia, with an additional presence in South and Southeast Asia. Both also operate to the US. On short haul, LCC competition has been a bigger threat to TAP than to Finnair, but cost savings are important to both.
TAP and Finnair have similar traffic volumes, unit costs and average trip lengths. Moreover, both have struggled to generate sustainable profitability. This report compares and contrasts Europe's two leading independent exponents of the location based long haul niche strategy. Both are set to accelerate their long haul growth.