"And the industry is ready to partner with governments to reinforce the foundations for global connectivity that are vital to modern life".
The growth in passenger numbers for SA (international and domestic) was expected to be between 3% and 4% a year for the next five years, according to projections by Airlines Association of Southern Africa. "More people than ever are traveling", said Alexandre de Juniac, IATA's director general and CEO.
Airlines and cargo companies also see opportunities from commercial drones, Celine Hourcade, head of cargo transformation at IATA said.
Airlines in North America generate almost half of airline revenue across the globe and the largest net profit with $15.6 billion this year.
Over the a year ago, IATA statistics showed that airlines in India recorded an increase in passenger traffic of just over twenty percent. "The region's carriers face challenges to their business models, and from low oil revenues, regional conflict, crowded air space, the impact of travel restrictions to the U.S., and competition the new "super connector" (Turkish Airlines)".
IATA said the biggest challenge to profitability in 2018 would be rising costs linked to the higher oil prices and other factors.
"Demand for air freight grew by 5.9% in October". "2018 is expected to be the fourth consecutive year of sustainable profits with a return on invested capital (9.4 per cent) exceeding the industry's average cost of capital (7.4 per cent)", IATA said in its "State of the Industry and Global Economic Outlook" report. "More routes are being opened".
In the Asia-Pacific region, including India, airlines are expected to register profits of $9 billion in 2018, which would be marginally higher than $ 8.3 billion projected for this year.
"It is still, however, a tough business, and we are being challenged on the cost front by rising fuel, labour and infrastructure expenses", he said. "To continue to deliver on our full potential, governments need to raise their game-implementing global standards on security, finding a reasonable level of taxation, delivering smarter regulation and building the cost-efficient infrastructure to accommodate growing demand", De Juniac added.
The net profit figure of $38.4 billion next year is an improvement on the $34.5 million expected for 2017, itself an increase from the previous forecast of $31.4 billion.
In terms of revenue per passenger kilometres, airlines are expected to see a 6% growth in 2018 compared with a 5.7% expected increase in available seat kilometres. Turning to environmental concerns, IATA, which said the inflation-adjusted cost of flying had halved for consumers since 1996, said aviation was committed to managing its carbon footprint with a near-term goal of capping emissions through carbon-neutral growth from 2020.
While Kim and Kourtney with her friends vacationing at the beach, the paparazzi worked diligently - followed each of the sisters. The lifelike nude sculptures were displayed on a giant bed and included West, her husband, Kanye West , and Swift, among others.
The fighting in the capital of Sanaa caused residents to cower in their homes as explosions rocked the city overnight. "Our appeals to the leader of the conference were met with a negative attitude", Houthi said .
The brothers have reportedly not sold a single one of their Bitcoins, sitting on them and watching them accrue value. Their bet paid off hugely, with bitcoin having soared over 10,000 per cent after last week's price surge.
Morosi said the Marlins and Dodgers have remained in touch about the slugger, but there was been "no substantial progress". But for luxury tax reasons, the Dodgers are unable to dive completely into trade talks with the Marlins this winter.
Gaddis also asked Conyers whether he believes the allegations that have been made against him will impact his legacy. Conyers is expected to make the announcement on a local radio show, the New York Times reported citing a relative.
The only human-made object in interstellar space - the environment between the stars - Voyager 1 has been flying for 40 years. And even after Voyager 1 dies - or if we lose contact with it - the spacecraft is ready to achieve great things.
American was able to reach a deal with its pilots' union which represents the airline's over 15,000 active pilots. Both the carrier and the pilots' association have not disclosed the details of the settlement.
That's when Peters lost his cool, grabbing the flag thrown by side judge Keith Washington and tossing it into the stands. Less than two minutes later, Smith and Kelce hooked up again for a 36-yard score to build an early two-possession lead.
Supreme Court deeply divided over gay wedding cake
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Airline Pilots Saw North Korean Missile's Re-Entry, Breakup
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World's largest Starbucks store to open in China
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How to set up and use Apple Pay Cash
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Dazzling Supermoon of 2017 Wows Stargazers
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