Call for an instant quote
0345 90 80 161
Open Mon to Fri 09:00 - 17:30 | Sat 09:00 - 16:00 (GMT)
06 June 2016 07:41
Global airline profits are expected to rise again
Every time a holidaymaker sets foot on a plane an international airline typically makes £7.22 out of them.
This is the share of an average flight ticket that goes to global air firms, according to the industry's trade body.
Iata's latest estimates show that worldwide airline profits will probably see an 11% hike from £24.5 billion last year to £27.3 billion this year. This is £2.1 billion up on its original December 2015 forecast.
Tumbling oil prices plus more plane passengers have forced them to revise their earlier predictions. Such updated figures would bring a fifth successive year of growth.
Why travel insurance is just the ticket
Wherever flyers' ticket money goes, they know that they buy themselves peace of mind if they invest in travel insurance.
This is because it covers them if their flights are delayed, cancelled or abandoned.
Such insurance also protects holidaymakers against lost luggage, stolen property or mislaid documents.
How Iata has arrived at its new forecasts
The trade body reckoned on oil costs being typically 17% lower in 2016 than they were in 2015 and passenger demand to be 6.2% greater.
What the expert says
Tony Tyler, director-general of Iata, described the improvement in profitability as being a "significant achievement" for the aviation sector.
He said: "On average, airlines will make 10.42 US dollars (£7.22) for each passenger carried. In Dublin, that's enough to buy four double-espressos at Starbucks.
"Put another way, for every 100 US dollars (£69) in sales that Starbucks makes, their net profit is over 11 US dollars (£7.62) but airlines will only make 5.60 US dollars (£3.88)."
The expert concluded: "We don't begrudge Starbucks their profitability, but there is clearly still upside for airlines."
21 April 2017
Want to lower your risk of suffering cancer or heart disease? Then get on your bike.
20 April 2017
Researchers have made a significant breakthrough in understanding the way in which breast cancer grows and spreads.
19 April 2017
Budget airline easyJet has apologised over an incident in which two passengers were ordered to leave an overbooked flight.
14 April 2017
Holidays have topped the priority lists of people approaching retirement, with close to two thirds (64%) aiming to go on more trips once they leave the world of work behind.
13 April 2017
A major bank has outlined plans to become more "dementia-friendly".
12 April 2017
Restrictions should be put in place to curb the drinking of alcohol before early-morning flights, a House of Lords committee has suggested.
11 April 2017
Drivers heading to airports and ferry ports this bank holiday weekend have been told to expect heavy traffic.
People who are beginning to notice signs of grey hair have more to worry about than their image.
07 April 2017
Women who live in built-up areas could face a higher risk of developing breast cancer, according to a new report.
06 April 2017
It's well known that oily fish like mackerel is good for the heart and the brain but experts are now considering whether it can also help people with diabetes.
05 April 2017
The UK could face a "damaging" drop in flights if an aviation deal can't be sorted quickly in the Brexit negotiations, a travel trade group has warned.
04 April 2017
BBC broadcaster Victoria Derbyshire has revealed that losing her hair while undergoing chemotherapy was the "worst bit about cancer treatment".