"IATA": 746 billion dollars of global spending on air transport
18.7 billion dollars earnings airlines expected in 2014
Tony Tyler, Chief Executive of the international air transport Association IATA Expect ' the global aviation sector profits up to $ 18.7 billion in revenue to 746 billion dollars, the profit margin of 2.5 per cent or about $ 5.65 per passenger. Tyler said that the aviation industry is one of the drivers of economic growth worldwide, and airlines are still burdened by high taxes and weak profitability, owing to the net profit margin of 2.4 per cent, would keep companies in the amount of $ 52.42 per passenger. According to the international air transport Association IATA ', ' the size of the global spending on air transportation will be 746 billion dollars during the current year, which is equivalent to 1 per cent of global GDP.
According to ' German ' the report predicted the economic performance of the aviation industry by the ' IATA ', on the sidelines of the annual general meeting and world air transport Summit which opened in the Qatari capital of Doha, the number of travelers to 3.3 billion passengers worldwide, taking advantage of the growing global network, and the price of flights is expected to decline by 3.5 per cent, while the cost of freight rates will decline by 4 percent. The report said that the tourism sector plays a catalytic role for the aviation sector to spend an estimated 621 billion dollars, together with the goods to be shipped by air, with a total value up to $ 6.8 billion, while the aviation sector employment size of up to approximately 58 million jobs worldwide. He said that during the current year, the airline industry will take over planes with up to 1,400 aircraft, valued at $ 150 billion, expected to arrive in the tax burden on the private sector to 121 billion dollars this year (up from $ 113 billion in 2013), and the average return on invested capital to 5.4 per cent In 2014, up from 3.7 percent in 2012 and 4.4 per cent on last year. The report noted the improvement in the performance of the airline, which is expected to reach record levels by 80.4 per cent this year, as well as the expected level of service linking cities to 16.161 error in 2014, an increase of 2.4 percent over the past year 2013 and is expected to reach nearly doubled compared to the number of flights between cities in 1994. The report said stability in fuel costs in the airline industry since the year 2011, the average jet fuel costs $ 120 a barrel, and it is expected that the average cost of jet fuel remains 124.2 dollars this year, the total fuel bill for the industry to 212 billion dollars.
The report predicted that airlines in the Asia-Pacific gains of 3.2 billion dollars this year, which means an increase of $ 2 billion compared to last year 2013, also is expected to bring the airlines in the Middle East region a net profit of 1.6 billion dollars, representing a profit of $ 88.98 per passenger. According to the report, it is absorbed by strong growth in light of the launch of major projects in the infrastructure of airports, especially in the GCC countries, however, the capacity of the airspace in the Gulf have not kept pace with the growth of the industry, and that the African continent is the most vulnerable region in the world, profits hardly positive level of $ 100 million, representing only 1.64 dollars per passenger with a margin of only 0.8 percent of the gross proceeds.