U.S. scheduled passenger airlines reported a second-quarter 2019 after-tax net profit of $4.8 billion, the 25th consecutive quarterly after-tax profit, and a pre-tax operating profit of $6.9 billion, the 33rd consecutive quarterly pre-tax profit.
U.S. airlines carried an estimated 78.2 million systemwide (domestic and international) scheduled service passengers in August 2019, seasonally-adjusted, according to the Bureau of Transportation Statistics (BTS) first estimate, up 0.3% from the July second estimate.
Traffic in emerging markets growing faster than advanced economies
International tourist arrivals grew 4% from January to June 2019, compared to the same period last year, according to the latest UNWTO World Tourism Barometer published ahead of the 23rd World Tourism Organization General Assembly. Growth was led by the Middle East (+8%) and Asia and the Pacific (+6%). International arrivals in Europe grew 4%, while Africa (+3%) and the Americas (+2%) enjoyed more moderate growth.
The International Air Transport Association (IATA) announced slowing global passenger demand growth for July. Total revenue passenger kilometers (RPKs) rose 3.6%, compared to the same month in 2018. This was down from 5.1% annual growth recorded in June.
Business travel rebounds to help sustain healthy growth of domestic market
Sustained air passenger demand, but air cargo weakness persists
Downturn in air freight market continues as trade tensions and global slowdown persist
U.S. airlines adding 109,000 seats per day to accommodate record number of air travelers
38% eat healthier, 26% work out more, and only 7% do not maintain their wellness regimes