The world’s airlines will achieve somewhat higher than expected profits this year, according to the latest projections from the International Air Transport Association (IATA). The industry group now expects its members to post a combined net post-tax profit margin of 1.6 percent this year (up from the earlier projection of 1.3 percent) on net income of $10.6 billion (up from $8.4 billion).
International Air Transport Association
Trade organizations representing airports, airlines and air navigation service providers (ANSPs) are working together more closely to influence aviation system improvements in Europe, where the Single European Sky effort continues to draw criticism for moving too slowly. Airports Council International (ACI), the International Air Transport Association (IATA) and the Civil Air Navigation Services Organization (Canso) plan to introduce a series of collaborative programs with tangible results, or “deliverables,” according to Canso director general Jeff Poole.
Airlines and the organization representing Europe’s air navigation service providers (ANSPs) agree that the continent must modernize and streamline its ATC system. But two decades into the pursuit of a smoothly functioning Single European Sky, “there has not been as much progress” as airlines need to remain strong, said Tony Tyler, director general and CEO of the International Air Transport Association (IATA).
Traffic results for November 2012 released by the International Air Transport Association (IATA) Wednesday showed an improvement in both passenger and air freight demand. Air travel figures rose 4.6 percent for the month year-over-year, compared with October’s rise of just 2.9 percent. Meanwhile, air freight volumes edged up 1.6 percent in November after declining 2.6 percent in October, year to year.
Strong financial performance by the world’s airlines in the second and third quarters caused the International Air Transport Association (IATA) to revise up its yearly profit forecast for carriers by 63 percent from two months ago, to $6.7 billion. The association said profits should improve to $8.4 billion next year.
European Union member states failed to meet a December 4 deadline to begin operating regional air traffic management blocks as required by Single European Sky (SES) regulations dating to March 2004. Airline trade groups joined in condemning the states over the missed deadline.
The Latin American and Caribbean Air Transport Association (ALTA) has improved aviation safety across the region but it still has work to do on this score, according to the group’s president Roberto Kriete. At the recent 9th ALTA Airline Leaders Forum in Panama City, Panama, Kriete said the association “will step up its efforts to urge authorities to make the IATA Operational Safety Audit [IOSA] accreditation a requirement for certification in the region.”
The European Parliament’s transport and tourism committee has cleared the way for airlines to start trading slots at European Union airports by endorsing new rules aimed at forcing carriers to use or lose slots. But the European Commission (EC) has expressed concern that both the legislators and EU transport ministers have diluted its reform plan by rejecting its proposal that airlines should lose a slot if they fail to use it at least 85 percent of the time (an increase from the existing 80 percent requirement).
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.
The European Union’s so-called safety blacklist, which bans carriers from specified countries deemed to have inadequate safety regulation standards, has been condemned as “misguided” by Tony Tyler, director general and CEO of the International Air Transport Association (IATA). During last month’s Central Asian summit on aviation safety, Tyler highlighted the bans on summit host Kazakhstan and its neighbor Kyrgyzstan. Carriers from these countries are banned from operating in EU airspace, with the partial exception of Kazakhstan’s Air Astana, which can operate only some of its fleet.