Welcoming a New Member Airline & Calling for the Global Alignment of Slot Regulations

Welcome back! This week we take a look at how to unleash aviation's potential in Africa, welcome a new member airline and zoom in on regional financial outlooks and profitability (spoiler alert: financial performance is improving across all regions). Ready? Let's get to it.

Airline Associations Join Together to Call for Global Alignment of Slot Regulations

Airline associations around the world called for governments to ensure the global alignment of airport slot regulations to safeguard the consistent, fair, and transparent allocation of slots under the Worldwide Airport Slot Guidelines (WASG).

In a joint statement, the African Airlines Association (AFRAA), Airlines for America (A4A), Airlines International Representation in Europe (AIRE), Arab Air Carriers Organization (AACO), Association of Asia-Pacific Airlines (AAPA), European Express Association, European Regions Airline Association (ERAA), International Air Transport Association (IATA) and Latin American and Caribbean Air Transport Association (ALTA) set out the benefits of the WASG, which has ensured decades of stability and consistency in the application of slot management.

Under the WASG, consumers have benefitted from a consistent growth in reliable schedules and expansion to new markets, while airlines and airports have seen an increase in the utilisation of scarce airport capacity.

Read more about the call for the global alignment of slot regulations.

We are pleased to announce that Plus Ultra Líneas Aéreas has recently joined IATA's airline membership!

Plus Ultra, a long-haul carrier based in Madrid, Spain, began operations in 2015. It offers Aircraft, Crew, Maintenance and Insurance (ACMI) services and flies to the Canary Islands and South America.

Learn more about IATA's airline members.

News in Brief

✈ Unleashing aviation's potential: Focus Africa taking place in Addis Ababa this week

✈ The FCC must #RethinkLigado

✈ Ensuring enough resources for growth: An Airlines magazine interview with Captain Stanley Ng, President, Philippine Airlines

✈ ICYMI: Willie Walsh Report on the Industry (video)

Chart of the Week: Regional Financial Outlooks

Financial performance is improving across all regions, but significant differences in the financial results remain.

Industry profitability in 2023 is generated by only three regions: North America, the Middle East and Europe.

The recovery in both traffic volumes and financial performance in Asia Pacific has lagged that of other regions and while the financial performance within Latin America and Africa is improving, but both regions are not expected to reach profitability before 2024.

Meanwhile, the profitability in North America is expected to reach $11.5 billion USD in 2023.

Airlines in Europe generated approximately $4.1 billion in profit in 2022, which is expected to increase to $5.1 billion in 2023. Middle East airlines have benefited from the swift rebuilding of their global networks and generated an estimated $1.4 billion of net profit in 2022, with $2.0 billion forecast for 2023.

Learn more about regional financial outlooks and the #WeeklyChart.

Video of the Week: Interview on Aviation in the Americas with Peter Cerdá

Interested in aviation in the Americas?

The IATA Wings of Change Americas (WoCA) is a flagship industry event where aviation leaders, regulators, and subject matter experts come together to discuss air transport’s top issues and opportunities, and jointly agree on future actions to better utilize air transport as an engine of economic and social development across the Americas region.

The WoCA is offering plenary sessions, 1-on-1 interviews, and insightful keynotes, tackling aspects related to technology & innovation, operations, sustainability, distribution and other important discussions on the industry's priorities.

The 2023 edition is taking place in Mexico City, Mexico.

Learn more about WoCA or secure your spot by registering now.

Jet Fuel Price Monitor (18 June)

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