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.
International Air Transport Association
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 7
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.
This year will likely be an improvement on 2009 for airlines in this part of the world but it won’t mean a quick return to profitability, according to Andrew Herdman, director general of the Association of Asia Pacific Airlines (AAPA). But the substantial losses the group’s members have suffered in the last two years should at least be reduced, he told AIN in an interview ahead of this week’s Singapore Airshow.
The latest traffic figures from the International Air Transport Association (IATA) show mixed results during June 2009 for the world’s airlines, but even the most positive interpretation of them would suggest no more than that the deterioration of market conditions has slowed somewhat.
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 (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.