THE International Air Transport Association (IATA) announced that it expects the global airline industry to make a net profit in 2017 of $29.8 billion. On forecast total revenues of $736 billion, that represents a 4.1% net profit margin. This will be the third consecutive year (and the third year in the industry’s history) in which airlines will make a return on invested capital (7.9%) which is above the weighted average cost of capital (6.9%).
IATA revised slightly downward its outlook for 2016 airline industry profitability to $35.6 billion (from the June projection of $39.4 billion) owing to slower global GDP growth and rising costs. This will still be the highest absolute profit generated by the airline industry and the highest net profit margin (5.1%).
“Airlines continue to deliver strong results. This year we expect a record net profit of $35.6 billion. Even though conditions in 2017 will be more difficult with rising oil prices, we see the industry earning $29.8 billion. That’s a very soft landing and safely in profitable territory. These three years are the best performance in the industry’s history—irrespective of the many uncertainties we face. Indeed, risks are abundant— political, economic and security among them. And controlling costs is still a constant battle in our hyper-competitive industry,” said Alexandre de Juniac, IATA’s Director General and CEO
Diese Geschichte stammt aus der January 2017-Ausgabe von Safari India.
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Diese Geschichte stammt aus der January 2017-Ausgabe von Safari India.
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kathakali - god's own story
setting foot on the southern shores of india, off the arabian sea, one is transported to green foliage, coconut trees, incessant rain, men and women dressed in pristine white clothes (mundu). god’s own country
brics convention on tourism in khajuraho
Top 16 World Heritage Sites India
India’s civilization is perhaps among the oldest in the world. Ancient manuscripts and excavations of well-planned cities have revealed rich heritage and a culture embedded in the sands of time. We take you on journey to the many UNESCO recognized World Heritage Sites…
Formula 1 Grand Prix
Formula 1 at Abu Dhabi
IF You Can Dream It... You Can Do It: Rana Kapoor
Rana Kapoor is the Managing Director & CEO of YES BANK. As a professional entrepreneur, since 2003, he is progressively establishing a high quality, state-of-the-art private Indian Bank with a vision of “Building the Best Quality Bank of the World in India” by 2020. Under his leadership, YES BANK has steadily evolved as the “Professionals’ Bank of India” with exemplary business and financial outcomes as evidenced in the financial results since inception, with highest RoA/RoE, and the best asset quality amongst leading Public and Private Banks in India. Rana Kapoor received an Honorary Fellowship from All India Management Association (AIMA), Doctorate in Science (Honoris Causa) from G.B. Pant University of Agriculture & Technology, India’s foremost and oldest Agri University, for his contribution to the Food & Agribusiness sector in INDIA. He has been credited with the number of awards. This is the excerpts from the interview.
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Peace for Growth of Tourism - New Agenda
PATWA International Seminar at WTM London.
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Are you a wildlife lover? If yes, you must visit India . There are a large number of flora and fauna, wide varieties of animals and birds, all these you can explore. It will add more thrill, if you visit wildlife destinations on the back of elephants or by jeeps. If you want to see the nature and its habitats from near, you must spend a few days in the forest. In fact, you could enjoy wildlife safari at night also.
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Vinod Zutshi, Secretary, Government of India, Ministry of Tourism graced the occasion as the Guest of Honor. Present among other dignitaries were Umang Narula, Chairman and Managing Director