- According to the International Air Transport Association (IATA), confidence in profitability for 2011 remains positive, but has declined since October.
- 46% of CFO's expect an increase in profits over the next 12 months compared to 60% in October.
- Confidence in travel and cargo remain strong, with 77% expecting increasing passenger volumes and 60% expecting increasing cargo volumes.
- However, the CFO's expect unit costs to increase significantly, with confidence in the ability to raise yields falling sharply.
- Higher fuel costs are a reality, so while volumes will look good a fall in profits is expected, from an estimated $15.31 billion last year to $9.1 billion in 2011.
- Sounds like a case of two steps forward and one step backwards. Still, it is encouraging to see that the carriers are expecting to carry more passengers.
- If you would like to comment on anything you've read here, VISIT OUR BLOG!
January 25th 2011
ITIC Blog - Have Your Say!
| 22-May-2013 | | Brighter Prospects from Canada | | Ireland welcomes almost 120,000 Canadians annually. Not significant, but a figure that may be about to take off, literally. ITIC recently spoke with the newly appointed Head of North America for Tou... |
Comments (0)
| 08-May-2013 | | Solid performance from Australia | | Long haul markets are forming an increasingly important part of Ireland’s overseas visitor numbers. Australia and New Zealand provided over 130,000 visitors last year. To look at this and cons... |
Comments (1)
| - 09-May-2013 | | That is good news from Australia.
Other long-haul markets, such as the US, Canada, the Middle East, China and Brazil etc. are also beginning to "compete" with some of Ireland's stagnant source market... |
| 11-Apr-2013 | | New ITIC Chairman Elected | | Paul Carty was today elected Chairman of ITIC for a 2 year term. Paul is Managing Director of the Guinness Storehouse, Ireland’s largest visitor attraction which welcomed over 1.1 million visito... |
Comments (0)
|
To unsubscribe from the ITIC newsletter, please email itic@eircom.net with "Unsubcribe From Ezine List" as the subject. |
