Airline Finance News.Oct 9, 2006 IATA IATA International Air Transport Association, which sets the rules for air transport, including those concerning air transport of animals. reported that international passenger traffic growth continued to soften in August as member airlines reported a 4.8% increase in international RPKs compared to August 2005. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. IATA, this is the smallest monthly passenger traffic increase since the end of 2003 "and marks the fourth consecutive month of declining growth in passenger demand." With ASKs up 4.3%, load factor was 79.4%. The organization noted, however, that a strong revenue environment and capacity discipline, in combination with declining oil prices and efficiency gains, mean the industry "may end the year better off than our current $1.7 billion loss projection." It also said that the UK terror alert "had no clear impact on traffic growth" in August. International freight traffic rose 4.7% in the month against the year-ago period. Year-to-date through August, IATA members' international traffic grew 6.1% against a 4.7% rise in capacity. FTKs were up 5.2% with ATKs increasing by 5.3%. Oct 2, 2006 Airbus Airlines Review Fleet Needs After A380 Delay. The world's airlines were forced to review growth plans on Wednesday after Airbus revealed more delays to its troubled A380 superjumbo. Airbus on Tuesday delayed deliveries delayed delivery Delivery of a certificate after the day on which delivery would occur with a regular-way contract. Delayed delivery is sometimes specified by the seller when the order to sell is entered. See also seller's option contract. of the world's largest passenger jet by another year, leaving it two years behind schedule, because of wiring installation problems. EADS EADS European Aeronautic Defence and Space Company N.V. EADS Expeditionary Air Defense System (USMC) EADS Extended Air Defense Systems EADS Environmental Assessment Data System EADS Echelons Above Division Study predicted a profit shortfall of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.8 billion euros (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $3.55 billion) over four years on top of EUR2 billion (USD$2.54 billion) disclosed in June and announced a EUR2 billion annual cost-savings program, far above previous measures. It also took provisions for penalties to airlines and acknowledged the risk of further charges for its new A350 aircraft, which needs to be redesigned to counter Boeing's 787 Dreamliner. Debt rating agency Standard & Poor's said overnight it might cut its rating on EADS on the back of the profit warning and the delay, due mainly to problems installing wiring in the USD$300 million double-decker. Oct 4, 2006 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Oct 2, 2006 |
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