The outspoken chief executive of Qatar Airways, an increasingly influential player in the world airline market, blamed the long-running battle over airline participation in Europe’s emissions trading scheme (ETS) on the former leader of the association that represents world airlines.
Outgoing IATA director general and CEO Giovanni Bisignani called on his members to aspire to sustainable profitability as he announced a new leadership team for the association at its Annual General Meeting in Singapore on June 6. On July 1, former Cathay Pacific Airways CEO Tony Tyler will succeed the charismatic Italian, while Peter Hartman, president and CEO of KLM, will serve as the new board chairman for 2011-12.
The earthquake in Japan and political unrest in the Middle East and North Africa interrupted the global air transport industry’s growth trend during March, as global passenger demand fell by 0.3 percent during the month, compared with February’s figures, according to data released last week by the International Air Transport Association.
The International Air Transport Association (IATA) revised its 2010 airline industry outlook to reflect a projected profit of $8.9 billion, compared with the $2.5 billion profit forecast it published in June. But despite what most would consider a glowing projection, IATA general director and CEO Giovanni Bisignani called for a “reality check” due to the razor-thin margins on which airlines operate.
Statistics released by the International Air Transport Association (IATA) for the month of July clearly reflect an ongoing recovery in the air transport market. But factors such as fragile consumer confidence and the end of the restocking cycle stand to slow the pace, both in the passenger and cargo sectors, according to IATA director general and CEO Giovanni Bisignani.
Traffic among the world's airlines returned to pre-recession levels in May, following a brief interruption a month earlier of an otherwise steady recovery during the year, according to statistics released by the International Air Transport Association (IATA).
The International Air Transportation Association (IATA) issued a rather stunning projection today that the world’s airlines will actually turn a profit this year of $2.5 billion. The forecast comes not three months after IATA projected a loss of $2.8 billion.
The International Air Transport Association (IATA) has estimated that airlines lost $1.7 billion in revenue during the six days the eruption of a volcano on Iceland spewed ash across the continent, completely closing airspace in the UK and severely disrupting operations throughout the northern part of Europe.
The world's airline industry posted yet another banner month in March, as demand for international passenger service grew 10.3 percent and cargo demand increased 28.1 percent over the same month a year earlier, according to statistics released today by the International Air Transport Association.
A better-than-expected start to 2010 has prompted the International Air Transport Association (IATA) to significantly improve its forecast for anticipated airline losses this year. On March 11, it halved the forecast loss for its member carriers from the $5.6 billion it predicted in December 2009 to $2.8 billion.
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