Latest News for: Demand jet


Million Air Dallas Launches New Charter Brokerage Service

Maryville Daily Forum 02 Jun 2023
Million Air Dallas, a leader since 1984 in comprehensive private jet services, on-demand charter, and innovative jet ownership management solutions, has today announced the launch of a new business unit.

McDonald: A dangerous airport, especially for jets

Aspen Times 02 Jun 2023
What makes “high and hot” airports particularly treacherous for jet aircraft are their already skill-demanding fast-maneuvering ground speeds at sea level�are even made faster at high density altitudes, and this is not reflected by their indicated�airspeed.

How to have a low-carbon, high-impact summer trip

Taipei Times 02 Jun 2023
Global jet-fuel demand is projected to pass 2019 levels next year, according to BloombergNEF ... In an ideal world, commercial aircraft would be powered by fossil-free alternatives to the kerosene used in today’s jet engines — but battery power, e-fuels and hydrogen propulsion will take decades, if ever, to reach scale.

IATA: travel demand continues to be strong

Manila Bulletin 02 Jun 2023
"The easing of inflation and rising consumer confidence in most countries combined with declining jet fuel prices, suggests sustained strong air travel demand and moderating cost pressures,” he elaborated ... US airlines’ domestic demand climbed 5.5 percent in April and was 3.3 percent above the April 2019 levels ... .

Globally, traffic is now at 90.5% of pre-Covid levels, says IATA

TravelDailyNews 02 Jun 2023
The easing of inflation and rising consumer confidence in most OECD countries combined with declining jet fuel prices, suggests sustained strong air travel demand and moderating cost pressures,” said Willie Walsh, IATA’s Director General ... US airlines’ domestic demand climbed 5.5% in April and was 3.3% above the April 2019 levels.

CSX and 4 Other Investments Pros Say Will Benefit From Long-Term Trends

Market Watch 02 Jun 2023
F or investors, the main thing to like about 2023 is that it isn’t 2022, a year that saw the S&P 500 fall 19% ... We asked five investment pros for recommendations. Our request ... Pick ... Pick ... There is currently jet fuel demand of 6.9 million barrels per day. And the prediction is that by 2050, that demand is going to increase to 15 million barrels per day ... .

This Dubai hotel is offering $14,000-an-hour parties in sky

Hindustan Times 01 Jun 2023
The private-jet service is ... Mulchandani says he came up with the idea for buying the plane during Covid-19’s lockdown era, when he saw demand for private jets boom ... Leisure and party travel is a tiny percentage of overall demand for private jets, which gives Five a niche, Atti says.

Boeing CEO sees 737 Max gaining in China amid ‘fits and starts’

The Spokesman-Review 01 Jun 2023
China’s homegrown plane maker, Comac, has meanwhile gained a foothold with its recently launched C919 jet ... The Toulouse, France-based plane maker is poised to dominate the all-important narrow-body market this decade, aided by its coming A321XLR, a midsize jet for which Boeing has no directly competing product ... These days demand is soaring.

Global air travel at 90.5% of pre-virus levels in April

Anadolu Agency 01 Jun 2023
"The easing of inflation and rising consumer confidence in most OECD countries combined with declining jet fuel prices, suggests sustained strong air travel demand and moderating cost pressures," Willie Walsh, IATA’s director general, said in a statement.

AerCap CEO says airlines to face supply squeeze for many years

Reuters 01 Jun 2023
Aerospace firms have predicted supply chain problems for at least 18 months as airlines clamour for jet deliveries to meet the new demand ... Demand will also remain strong for the "foreseeable future," he said. "I see strong demand now on a global basis.

Petrol, diesel sales soar in May as agriculture demand, car air conditioning pick up

Financial Express 01 Jun 2023
In April, diesel demand had risen 6.7 per cent year-on-year and the consumption in May was better than that ... Reflecting the trend, jet fuel (ATF) demand jumped 8.7 per cent to 609,800 tonne during May when compared to the same period last year ... Wheat harvesting leads to a rise in diesel demand as harvesters and tractors run on that fuel.

American Airlines raises second-quarter profit outlook on lower fuel costs

Reuters 01 Jun 2023
May 31 (Reuters) - American Airlines Group Inc (AAL.O) on Wednesday raised its forecast for second-quarter profit on lower jet fuel costs and high travel demand ... Travel demand has stayed strong even amid worries of a looming recession, with travel during the Memorial Day weekend ...

Southwest Airlines forecasts strong full-year profit

Reuters 01 Jun 2023
The forecast comes a day after American Airlines Group Inc (AAL.O) raised its second-quarter profit outlook on lower jet fuel costs and high travel demand. read more. Leisure travel demand and yields continue to be strong in the quarter, Southwest said in a regulatory filing ... Our Standards. The Thomson Reuters Trust Principles. Read Next ... ....

Column: China's soft economic data will mean lower commodity imports, but not yet

Reuters 01 Jun 2023
But retail spending isn't the top driver of demand for commodities, although it does act to boost demand for refined fuels such as gasoline and jet kerosene as people increase travel. Rather it is construction and manufacturing that propel commodity demand, especially for steel raw material iron ore and for copper ... The X-factor is price ... 23 ... ....

5 ways South African businesses can get value out of international business trips

Independent online (SA) 01 Jun 2023
Travel industry chaos in the USA and Europe have added to travellers’ woes and hit SMEs pockets as well ... Stop relying on the buying power of one ... Although airlines have been working hard to balance pricing against the fluidity of seats to offer, traveller demand and airline operating costs (particularly jet fuel), pricing is expected to remain high.

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Secretary of State Antony J. Blinken signs Memorandum of Cooperation with Japan’s Minister of Education, Culture, Sports, Science and Technology, Keiko Nagaoka in Japan on May 21, 2023.
Public Domain / Chuck Kennedy
School kid of Nara, Japan; May 2012
Creative Commons / John Gillespie from New York, USA