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.
International Air Transport Association
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 African Airlines Association (AFRAA) has launched a three-year plan to realign activities with member carriers’ business imperatives. Developed by new AFRAA secretary-general Elijah Chingosho, the plan aims to transform the association into “a pulsating airline association” for Africa.
Argus International (Booth No. 3106), the Cincinnati-based safety auditing company, announced at Heli-Expo 2011 that two of its subsidiaries recently signed agreements.
No one can say where, when or how the rolling political crisis in North Africa and the Middle East will end, but it already seems clear that it doesn’t spell good news for the air transport industry.
Safety audit specialist Wyvern has joined forces with Aviation Quality Services (AQS) to introduce a common safety standard to the European business aviation market. Wyvern is a wholly owned subsidiary of Gothenburg, Sweden-based Avinode (Stand C755), the leading online charter flight marketplace.
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.