Airline chiefs head for Cancun in Mexico for their annual gathering as the industry is set to deliver another strong financial performance, including covering its cost of capital for a record third consecutive year.
Fuel prices have been relatively low for the past two years, travellers are flying in record numbers and there’s been a revival in business and consumer confidence, according to International Air Transport Association figures.
They also show air cargo volumes are up, as air freight captures a bigger share of world trade.
Here, Air New Zealand shares are trading at pre-9/11 terror attack levels, figures out today from IATA show demand for seats in April growing at the fastest rate in six years. Passengers are winning too…
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