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
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.
With the goal of saving as much as 470,000 metric tons of fuel each year, the International Air Transport Association (IATA) has launched a Flight Efficiency Plan with Eurocontrol and the Civil Air Navigation Services Organization to accelerate efficiency improvements to the European air traffic management system.
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.
The Transportation Department’s plan to manage congestion at New York’s three area airports drew criticism from industry witnesses and members of Congress last month, and the head of the airline lobby once again used the forum to blame business aviation as a “significant contributor” to delays in the Northeast corridor.
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.
The International Air Transport Association (IATA) is taking steps to address the looming pilot and mechanic shortage facing airlines globally. IATA’s training and qualification initiative looked at manufacturers’ market outlook studies, which predict that 17,650 new passenger aircraft will be delivered by 2018, requiring more than 200,000 new pilots, or nearly 19,000 pilots a year.
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.