Puerto Rico set to achieve life science export potential
Air trade demand from Puerto Rico (PR) to mainland US reflects its growing life science ...
Much airline news stemming from IATA’s AGM in Miami. The biggest, perhaps, being that the industry’s collective net profit is up 47.2% on forecasts made in December. This ether means that things have gone spectacularly well for some of them – or that IATA’s forecasting is seriously off. Either way, this year’s profit is set to be $29.3bn, (on an average net profit margin of 4%). Let’s hope some of this money translates into investment in cargo.
Other news is that IATA is pressuring Venezuela to release some $3.7bn belonging to airlines. More interestingly, in the much-watched and eagerly awaited news on the US/Gulf carrier fight, Tony Tyler, IATA DG, has dismissed a suggestion by Qatar’s Akbar Al Baker that it is IATA’s job to deal with the spat as it is a protectionist issue. The diplomatic Mr Tyler argued: “Regardless of your viewpoint, IATA is not the battleground on which any resolution will be achieved. You, our members, have not given us a mandate to take a position on such issues.” And apparently AA’s CEO Doug Parker had a “nice chat” with Mr Al Baker. Oh, to have been a fly on the wall…
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