Record profits for aviation industry this year, but challenges remain
Singapore
THE global aviation industry is cruising towards record profits for the year, though the region's carriers will have to manage headwinds in the form of unpredictable currency movements, overcapacity and external risks.
The International Air Transport Association (Iata) has said that carriers could record their best year yet, with a collective net profit of US$29.3 billion, up nearly 80 per cent from a year ago, thanks in part to lower fuel prices and robust load factors.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Hyundai Motor plans to add hybrids to US plant within current investment
Boeing cargo plane lands in Istanbul without front landing gear, no casualties
Uber shares tumble on surprise net loss, weak second-quarter forecast
New law increases control of ownership, management of critical transport firms in Singapore
Premium for big car COEs tops S$105,000 while that for mainstream cars hovers below S$95,000
Toyota sees 20% full-year profit decline after blockbuster Q4