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As Oil Price Falls IATA Sees Steep Profit Rise, Traffic Increase In 2015

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The association believes airlines will make a combined profit of $25 billion in 2015, up from $19.9 billion this year, $10.6 billion in 2013 and $6.1 billion in 2012. “We see falling oil prices to give a great boost both to the industry and consumers,” IATA Chief Economist Brian Pearce said at the organization’s annual global media day in Geneva, Switzerland. He also stressed that the improvements are “not quite enough” to make the industry financially sound. Only U.S. airlines are reaching the level of profitability that allows them to recover the cost of capital. IATA believes traffic will grow by 7% as measured in revenue passenger miles (RPM). That compares to 5.7% in 2014 and 5.4% last year. Capacity will rise by 5.5%, IATA forecasts. However, the growth comes at a price and that is falling fares. Airlines expect ticket prices to go down by 5.1% on average. Overall revenues are to grow by 4.3% to $823 billion. “I am not terribly worried about overcapacity,” IATA Director G

All US International City Pairs for 2013

ORI-DES Total number of passengers JFK-LHR 2,961,383 HNL-NRT 1,550,208 LAX-LHR 1,432,153 JFK-CDG 1,386,709 LAX-NRT 1,180,227 ORD-LHR 1,145,084 EWR-LHR 1,142,208 LGA-YYZ 1,085,650 LAX-SYD 1,067,179 GUM-NRT 1,021,990 LAX-ICN 998,932 MIA-GRU 985,775 MIA-LHR 974,515 SFO-LHR 952,129 MIA-CCS 904,175 IAD-LHR 902,878 LAX-TPE 881,530 BOS-LHR 871,372 SFO-HKG 868,017 MIA-EZE 790,707 JFK-STI 774,531 LAX-MEX 769,068 LAX-YVR 753,972 JFK-FRA 750,562 LAX-GDL 740,325 MIA-BOG 734,121 SFO-ICN 717,393 MIA-MEX 705,307 JFK-SDQ 703,923 MIA-LIM 688,334 JFK-GRU 685,853 MIA-PTY 678,029 JFK-TLV 668,725 ATL-CUN 659,612 ORD-YYZ 648,782 JFK-DXB 645,879 DFW-LHR 644,846 SFO-FRA 639,685 JFK-MAD 638,606 MCO-LGW 635,164 DTW-AMS 632,656 DFW-CUN 621,685 ORD-FRA 621,144 IAH-MEX 619,222 JFK-NRT 613,757 ORD-NRT 613,486 JFK-AMS 610,056 SFO-NRT 606,217 ATL-CDG 605,607 IAD-FRA 595,546 ATL-AMS 588,183 JFK-DUB 580,036 LAX-CDG