The International Air Transport Association has raised its 2012 and 2013 profit forecasts for global aviation. The original forecast, made in October, was increased from $4.1 billion to $6.7 billion, an increase of 63%. The forecast for 2013 was also increased by $900 million, and North American airlines are expected to post a combined profit of $3.4 billion.
Swelblog.com says that the Business Travel Coalition's latest campaign, "We the People," shows that the consumer is not its primary interest. "[I]t is impossible for the BTC to represent air travel consumers because it represents, and advocates for, a sector of the industry that monopolizes airlines," this blog says.
Southwest Airlines posted a 1% gain in passenger revenue per available seat mile and a 1.5% decline in traffic for November compared to a year ago. The figures include those of AirTran Airways, which was purchased by Southwest in May 2011.
At General Electric's Minds + Machines event in San Francisco late last month, CEO Jeff Immelt unveiled a 6.87-ton jet engine equipped with sensors to monitor the engine's performance. Information gathered -- about 1 terabyte worth on a single cross-country flight -- will help GE to build smarter machines and offer more lucrative services, this feature says.
Boeing is on pace to outsell European rival Airbus for the first time since 2006. Sales of Boeing's narrow-body 737 jets are driving the company's boost over Airbus, which is reporting sales less than half of Boeing's.