Call for an instant quote 0345 90 80 161
Open Mon to Fri 08:30 - 19:00 | Sat 09:00 - 16:00 (GMT)
Or call 0345 90 80 161
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."
07 June 2019
Get hitched without a hitch! Here are our top tips on how to choose your perfect wedding location abroad, covering everything from food to legalities.
[more...]
03 June 2019
Want to get into surfing but not sure where to go? Here's where you should be heading to get the best beginner waves around the world.
Heading to the showpiece event of women's football in France this summer? Here's everything you need to know about England's venues for France 2019.
Get more out of your smartphone when you go travelling by downloading these travel apps and make your trip easier at the touch of a button.
24 May 2019
Heading to the football in Baku but don't know what else to do? Explore the hip and trendy crossroad of Europe and the Middle East and experience the fast-growing phenomenon, Azerbaijan.
Two of London's top football teams head east in search of silverware on May 29. If you're heading to Baku for the final, here's our guide on what you need to know before you go...
17 May 2019
There's more to Monaco than the Grand Prix. Discover the magic of the Mediterranean principality with our guide to what you must see in Monaco.
15 May 2019
Are you heading to one of Europe's best music festivals this summer? Then make sure you read our top ten tips before you leave...
What makes the Monaco Grand Prix so special? From a royal guestlist to a challenging circuit, we take a look at why the Monte Carlo Formula 1 race is so prestigious...
Get inspired for a summer of music, travel and adventure with our guide to some of the best music festivals around Europe.
07 May 2019
Thinking of visiting Spain? There are some excellent reasons to explore the country this spring and summer, from football finals to eating snails - so don't miss out!
Want to learn a new language without the hassle of going to classes? Check out our guide to the best free apps on the market and get yourself holiday-ready in no time.