It’s getting tougher to stay in one of the most competitive businesses — air passengers trafficking. It’s a combination of high management skills, acquisition and maintenance of state-of-the-art fleet, expert financial management, and above all, a delicate marketing approach aimed at passenger comfort. A recent AFP Tokyo news article appearing in Gulf Times reports ANA’s joining others in a bid to rescue bankrupt Skymark. The news article opens with …
Read More »Lucrative year for airline industry; passenger demand to double over 20 years
The airline industry is expected to have its most lucrative year 2016 in history with global profits of almost $40 billion (£30 billion), driven by a combination of cheaper oil and fuller planes. The International Air Transport Association (IATA) the trade body for airlines said its forecast for a fifth consecutive year of improving profits meant it was now a “normal business”, providing decent returns to investors after years …
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