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57. Airline Industry on Track for Second Year of Improving Profits
IATA has said that despite a slight downward revision to its industry outlook for 2014 to an industry profit of $18.7 billion from the previously forecast $19.7 billion, the airline industry remains on track to deliver a second consecutive year of improved profitability. The main driver of the downward revision is higher oil prices which are now expected to average $108.0/barrel (B
58. 2017 Global Travel Price Outlook Identifies Key Risks for Global Market
New research has highlighted six key risks heading into 2017 that could impact both travel industry prices and the global economy as a whole. They are emerging market performance, financial market turbulence, geopolitical risks, uncertainty surrounding Brexit, potentially fluctuating U.S. interest rates and oil prices.
59. Boeing Forecasts Middle East to Need 3,000 New Planes and 54,000 Pilots by 2040
According to Boeing's 2021 Commercial Market Outlook (CMO), a forecast of 20-year demand for commercial airplanes and services, the Middle East will require 3,000 new airplanes valued at $700 billion and aftermarket services such as maintenance and repair worth $740 billion up to 2040. More than two-thirds of airplane deliveries to the Middle East will accommodate growth, while one
60. Microsoft Launches Office 2016
Microsoft has launched Office 2016. Office 2016 delivers new versions of the Office desktop apps for Windows, including Word, PowerPoint, Excel, Outlook, OneNote, Project, Visio and Access. By subscribing to Office 365, customers can get always-up-to-date, fully installed apps for use across their devices, combined with a continually evolving set of consumer and commercial services
61. Airline Industry Losses in 2020-2022 Expected to Reach US$201 Billion
IATA published its latest outlook for airline industry financial performance at its AGM in Boston on Monday. Net industry losses are expected to reduce to $11.6 billion in 2022 after a $51.8 billion loss in 2021 (worsened from the $47.7 billion loss estimated in April). Net 2020 loss estimates have been revised to $137.7 billion (from $126.4 billion). Adding these up, total industr
62. Aircraft Financing Requirements to Grow to $180+ Billion Over Next Five Years
Boeing anticipates stable growth and broad, diversified funding will continue to support efficient aircraft financing in the next year. The companys annual Current Aircraft Finance Market Outlook (CAFMO), released on Thursday, evaluates and forecasts financing sources for new commercial airplane deliveries in the coming year and the industrys overall delivery financing requiremen
63. IATA takes cautious view on Future Prospects
IATA takes cautious view on Future Prospects. Speaking on the first day of Outlook 2007 in Singapore last week, Chief Economist at the International Air Transport Association, Brian Pearce, told the assembled aviation leaders that cyclical and structural challenges remain and threaten future profitability, especially in this region. Asia is starting to fall behind, he observed, sho
64. IATA: Airline Industrys Outlook Grows Darker by the Day
IATA's updated analysis of how the COVID19 crisis will impact airline passenger revenues suggests that a drop of $314 billion in 2020, a 55% decline when compared to 2019, is more than possible.

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