In perhaps another sign of an impending recovery for the world’s air transport industry, international scheduled air traffic for January rose 6.4 percent compared with the same period a year ago, according to figures released today by the International Air Transport Association (IATA.) The relatively robust gain came as airlines increased capacity by a mere 1.2 percent during the month, resulting in a load factor increase of 3.7 points, from 7
Airlines in the Asia-Pacific region facing the prospect of a slow return to profitability during 2010 might have taken some encouragement from better-than-expected results for the third quarter of the current financial year announced by Singapore Airlines (SIA) on February 4.
The latest traffic figures from the International Air Transport Association (IATA) show mixed results during June 2009 for the world’s airlines, but even the most positive interpretation of them would suggest no more than that the deterioration of market conditions has slowed somewhat.
The International Air Transport Association (IATA) issued an adjusted outlook for the global air transport industry today that forecasts losses of $4.7 billion for the year. The prediction nearly doubles the projection for losses it issued only three months ago, when it forecast a $2.5 billion loss for 2009.
International Air Transport Association (IATA) director general Giovanni Bisignani characterized December’s decline in international air traffic as “shocking” during the British Air Transport Association’s annual dinner last night. Bisignani referred specifically to just-released figures showing a 22.6-percent decline in international cargo traffic compared with the same month in 2007. Meanwhile, passenger traffic fell 4.6 percent.
The International Air Transport Association (IATA) predicts “the worst revenue environment in 50 years” in the airline business next year, according to a global market forecast the group released yesterday. In all, IATA sees a loss of $2.5 billion, led by a doubling in losses among Asia-Pacific carriers to $1.1 billion. Europe will rival Asia-Pacific’s bruising with a tenfold rise in losses, to $1 billion, according to the IATA report.
International Air Transport Association (IATA) director general and CEO Giovanni Bisignani characterized the actions needed to address the depressed state of the world’s airline business as “a matter of survival” during a press conference in Hanoi today.
IATA director general Giovanni Bisignani lambasted European governments for their alleged greediness for environmentally inefficient taxes here yesterday.
Aircraft and engine manufacturers participating in the Aviation and Environment Summit held in Geneva this spring pledged to reduce carbon dioxide emissions by 25 percent from 2005 levels by 2020. The 200-plus signatories of the protocol aim to preempt emission control regulation planned by governments and supranational organizations, which could encumber aircraft operators in the near future.
International Air Transport Association (IATA) director general and CEO Giovanni Bisignani has challenged Japan to make the privatization of its airports an example of global best practice. He also wants the country to champion efforts toward a zero carbon emission industry at the upcoming G8 Summit.