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Elections 2024

Ebrahim Harvey walks us through the systematic collapse of South Africa.

Ebrahim Harvey walks us through the systematic collapse of South Africa.

sona.co.za

Elections 2024

Ebrahim Harvey walks us through the systematic collapse of South Africa.

Ebrahim Harvey walks us through the systematic collapse of South Africa.

sona.co.za

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    Airlines make record profits in 2015

    The world's airlines are expected to post a collective record $60 billion in profits this year, according to preliminary figures released by the UN aviation agency on Tuesday. Final figures will be released in July 2016.
    skeeze via
    skeeze via pixabay

    The International Civil Aviation Organization (ICAO), which represents some 1,400 commercial airlines around the world, said a 6.4 per cent increase in the number of passengers from 2014 and a 40 per cent decline in jet fuel costs contributed to the industry's profits.

    There were around 3.5 billion passenger flights in 2015.

    The increasing presence of low cost carriers in emerging economies also helped boost overall profits, the ICAO said.

    Looking forward to 2016, the agency forecasts that a further decline in oil prices and an improving global economy "should see passenger traffic and profits continue their upward trend".

    Source: AFP

    Source: I-Net Bridge

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