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).
International Air Transport Association
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.
ARGUS IS-BAO Audits Go Platinum
Aviation Research Group/US (Booth No. 843) has completed more than 25 combination IS-BAO/ARGUS audits since developing a single-audit protocol that combines the International Business Aircraft Council’s International Standard Business Aircraft Operations (IS-BAO) and the ARGUS Platinum Rating.
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.
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
Asia desperately needs political consensus and a framework on how to move forward with air traffic management (ATM) as the U.S. and Europe forge ahead with their respective NextGen and Sesar programs. If such a consensus is forthcoming then the Asia-Pacific region could quickly jump ahead by skipping a generation of technology. But if it does not happen, it could become a global air transport bottleneck.
The 2010 Singapore Airshow opens this morning against a backdrop of dire warnings about the state of the airline industry. The air transport sector needs to change fundamentally from top to bottom if it is to pull out of the plunge it took in the wake of the recent financial crisis, according to speakers at yesterday’s Singapore Airshow Aviation Leadership Summit.