• Latest
  • Trending
  • All
  • News
  • Politics
  • Science
  • World
  • Lifestyle

Global airline CEOs upbeat on revenue growth prospects

17/07/2014
Lassa fever death rate rises as cases spread — NCDC

Lassa fever death rate rises as cases spread — NCDC

18/06/2025
Insecurity: Nasarawa Govt. to establish 3 surveillance bases – Official

Insecurity: Nasarawa Govt. to establish 3 surveillance bases – Official

18/06/2025
Approximately 2,000 Australian citizens register to leave Israel, Iran

Approximately 2,000 Australian citizens register to leave Israel, Iran

18/06/2025
Benue killing: NAF deploys more air assets in Op Whirl Stroke

Benue killing: NAF deploys more air assets in Op Whirl Stroke

18/06/2025
FG orders disconnection of USSD codes for nine banks

Telecom users to pay directly for USSD services from June 18

18/06/2025
Chinese giant AliExpress to tackle illegal products – EU commission

Chinese giant AliExpress to tackle illegal products – EU commission

18/06/2025
Sahrawi minister seeks Nigeria’s support in self-determination quest

Sahrawi minister seeks Nigeria’s support in self-determination quest

18/06/2025
Police urge personnel in Anambra to adhere to operation protocol 

Police urge personnel in Anambra to adhere to operation protocol 

18/06/2025
Repatriated Migrants Caution Nigerians Against Irregular Migration

Repatriated Migrants Caution Nigerians Against Irregular Migration

18/06/2025
NEMA sensitizes Zamfara communities to adopt flood prevention strategies

NEMA sensitizes Zamfara communities to adopt flood prevention strategies

18/06/2025
PEBEC to undertake nationwide ease of doing business sensitsation tour

PEBEC to undertake nationwide ease of doing business sensitsation tour

18/06/2025
Insecurity: Nobody can eliminate any tribe on earth – SGF

Insecurity: Nobody can eliminate any tribe on earth – SGF

18/06/2025
  • Home
  • News
    • Security
    • Foreign
  • Business
    • Technology
    • NIMASA & Maritime
  • Entertainment
    • Relationship
    • Style
  • Politics
  • Features
  • Sports
  • Column
    • Opinion
    • Column – Monday
    • Column – Thursday
    • Column – Wednesday
    • column – Friday
Wednesday, June 18, 2025
  • Login
  • Register
SundiataPost
  • Home
  • News
    • Security
    • Foreign
  • Business
    • Technology
    • NIMASA & Maritime
  • Entertainment
    • Relationship
    • Style
  • Politics
  • Features
  • Sports
  • Column
    • Opinion
    • Column – Monday
    • Column – Thursday
    • Column – Wednesday
    • column – Friday
No Result
View All Result
SundiataPost
No Result
View All Result
Home Business

Global airline CEOs upbeat on revenue growth prospects

by Admin
17/07/2014
in Business
250 2
0
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

(Reuters) – Airlines are confident that their industry will boost revenue over the next year and consider joint ventures a more viable growth driver than mergers, a PricewaterhouseCoopers survey of nearly 40 chief executive officers at carriers worldwide finds.

The report said airline CEOs are more upbeat about the prospects for their industry than all CEOs as a group. Eighty-two percent of airline CEOs are confident that their industry’s revenue will rise over the next year, compared with 68 percent of all CEOs that took part in PwC’s annual global survey.

Expanding middle classes in Asia and emerging markets such as Latin America have boosted travel demand and helped airlines bounce back from losses since the 2008-2009 downturn. The global industry is expected to earn a net profit of $18 billion this year, up from an estimated $10.6 billion for 2013, according to a June forecast by the International Air Transport Association (IATA) trade group.

Global airlines will generate revenue of $746 billion in 2014, up from $710 billion last year, IATA projects.

Jonathan Kletzel, U.S. transportation and logistics leader at PwC, said the challenge for airline chiefs was in deciding how to invest their earnings.

“Do you re-invest in the airline itself, into employees, technology, into products and services or do you save it for a rainy day or give it back to investors?” Kletzel said. “I think there’s a lot of opportunity for the airlines to drive more innovation with some of those profits.”

[eap_ad_1]

The survey found agreement among CEOs that technological changes, from increased consumer use of mobile devices to improved systems for managing airline tasks, would likely bring opportunities to drive more efficient operations and deepen customer ties. Seventy-one percent of the airline CEOs polled said they were planning or moving ahead with changes to their company’s data management.

Kletzel said better use of data tools could help airlines identify new revenue opportunities from segmenting customers.

The airline CEOs largely are not banking on consolidation, with just 3 percent in the survey planning to use mergers as a major means to grow over the next year. But 18 percent identified joint ventures and alliances – business arrangements such as the partnership between U.S. carrier Delta Air Lines and Britain’s Virgin Atlantic Airways – as their main growth driver.

Additionally, 63 percent of airline CEOs are developing or planning changes to their merger-and-acquisition or venture strategies, the survey found.

PricewaterhouseCoopers said in the report that while mergers were crucial for enhancing profit margins, regulatory hurdles were an obstacle to cross-border deals.

The airline report is based on an online survey of 39 CEOs of carriers that are IATA members. Big and small airlines from all regions were represented in the study, a PwC spokeswoman said.

[eap_ad_4]

Share this:

  • Tweet
  • Print
  • Telegram
  • Email
  • WhatsApp
Tags: Globallatest news in nigerianaija newspapersNigerian newspaperonrevenue
Share196Tweet123
Admin

Admin

https://sundiatapost.com/wp-content/uploads/2025/01/cbn-gocashless.mp4

For more news updates and commentaries click below to join us on WhatsApp

PAY ATTENTION: Follow Sundiata Post on WhatsApp so you don’t miss breaking news and commentaries. Click HERE TO JOIN US NOW!!!

SundiataPost

Copyright ©2024 SundiataPost. Website - 08067783809

Navigate Site

  • About
  • Advertisement
  • Privacy Policy
  • Contact Us
  • The Team

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Security
    • Foreign
  • Business
    • Technology
    • NIMASA & Maritime
  • Entertainment
    • Relationship
    • Style
  • Politics
  • Features
  • Sports
  • Column
    • Opinion
    • Column – Monday
    • Column – Thursday
    • Column – Wednesday
    • column – Friday

Copyright ©2024 SundiataPost. Website - 08067783809