The International Air Transport Association (IATA) has reported that $1.7 billion in airline funds remain blocked from repatriation by governments globally as of the end of October 2024. While this represents a marginal improvement from the $1.8 billion reported in April, the issue continues to pose significant challenges to airlines operating in affected markets.
In October 2024, Air New Zealand reported a 2.1% reduction in capacity compared to the same period in 2023. This decline is attributed to significant engine maintenance challenges, including delays affecting Pratt & Whitney PW1100G-JM engines and Rolls-Royce Trent 1000 engines.
Air New Zealand reported a 2.1% reduction in capacity for October 2024 compared to the same period last year, attributing the decline to maintenance requirements, parts shortages, and an ongoing cabin upgrade program.
EVA Air, Taiwan’s prominent international carrier, has released its October 2024 traffic results, showcasing a mixed performance. Passenger numbers rose by 2.6% year-over-year to 1.0 million, reflecting steady demand. However, the airline reported a 3.7% decline in revenue passenger kilometers (RPKs), signaling reduced distance traveled by paying customers.
Etihad Airways, the national airline of the United Arab Emirates, has reported strong operational results for October 2024, carrying 1.6 million passengers. The airline also achieved a Passenger Load Factor (PLF) increase of 1.0 percentage point, reaching 87% for the month.
Air China has reported impressive growth in operational metrics for October 2024, highlighting a significant recovery and strong demand across its network. The carrier recorded a 14.5% increase in Available Seat Kilometers (ASKs) and a 22.1% rise in Revenue Passenger Kilometers (RPKs) compared to the same period in 2023.
LATAM Airlines Group, based in Chile, reported strong passenger growth for October 2024, with a total of 7.1 million passengers, reflecting an 11.1% increase compared to the previous year. The airline also saw Revenue Passenger Kilometers (RPKs) rise by 14.9% and Available Seat Kilometers (ASKs) by 14.8%. Additionally, the Passenger Load Factor (PLF) held steady with a slight increase of 0.1 points to 85.7%, indicating high seat occupancy across LATAM’s…
In October 2024, Boeing recorded its lowest monthly delivery total since November 2020, with only 14 aircraft delivered. This marks a notable drop for Boeing, reflecting the challenges the manufacturer is facing in maintaining consistent delivery numbers. Despite the low output, Boeing received an order for seven B777F freighters from an unidentified customer or customers, highlighting ongoing demand for cargo aircraft even amid production…
Airbus has updated its order book for October 2024, reflecting several new orders within its A320neo family. The changes include an order for one A321neo from American Airlines and two separate orders for five and ten A320neosfrom undisclosed customers. Additionally, a private customer placed an order for one A320neo. These orders continue to reinforce the popularity of Airbus’s A320neo family, known for its fuel efficiency and suitability for various…
Grupo Aeromexico has released its October 2024 operational results, showing a 0.9% decrease in passengers to 2.0 million. Despite the slight drop in passenger numbers, the airline saw growth in other key performance indicators, including an 8.9% increase in Available Seat Kilometers (ASKs) and a 9.1% rise in Revenue Passenger Kilometers (RPKs). The airline’s load factor (LF) also saw a slight improvement, up 0.1 points to 85.4% for…
