A strong sales year in 2011 on the part of the world’s two major airliner manufacturers might portend a positive outlook for the air transport sector over the long term, but confidence in the profitability of the airline industry for this year continues to sag, according to the International Air Transport Association (IATA). In fact, the group expects profitability to decline by some $2 billion in 2012, and margins to settle at just 0.8 percent.
International Air Transport Association
Airlines appear headed for another bumpy ride in 2012, according to the International Air Transport Association (IATA), which last week slashed $1.4 billion from its forecast profits for member carriers.
The International Air Transport Association (IATA) today announced revisions to its industry outlook for next year, downgrading its central forecast for airline profits from $4.9 billion to $3.5 billion for a net margin of 0.6 percent on threats posed by the so-called Eurozone crisis.
Airports and airlines share common interests in making aviation safer, more secure, user-friendly, operationally efficient and environmentally responsible, so they need to renew their agenda to build their relationships, Tony Tyler, director-general of IATA, told attendees at Airports Council International’s (ACI) World Annual General Assembly in Marrakech, Morocco. He outlined six areas of
A report released last week by the International Air Transport Association (IATA) pointed to decelerating airline passenger demand for the month of August. Although demand increased 4.5 percent over the previous August, the growth amounts to a “significant slowing” from the 6.0 percent recorded in July.
June traffic statistics released by the International Air Transport Association (IATA) showed a slight softening in demand for both air travel and freight markets. Compared with June 2010, passenger demand increased 4.4 percent while freight demand declined by 3 percent.
Air transport traffic statistics for June showed a showed a slight softening in demand for both air travel and freight markets, according to a report released today by the International Air Transport Association (IATA). Compared with June 2010, passenger demand increased 4.4 percent while freight demand dropped by 3 percent.
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 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.