Iata News
IATA revises loss forecast for 2010
A rare chink of sunshine in the otherwise gloomy skies over the global aviation industry has been provided by the International Air Transport Association (IATA) today, as the organisation halved its loss forecast for 2010. The Montreal-based organisation now predicts a loss of just $2.8 billion; down from last year’s forecast of $5.6 billion.
IATA appoints Willy Boulter as Regional Vice President Asia-Pacific
The International Air Transport Association (IATA) has appointed Willy Boulter as Regional Vice President for Asia-Pacific.
Second safest year on record for aviation in 2009
Aviation enjoyed its second safest year on record during 2009, according to statistics from the International Air Travel Association (IATA), despite several high profile accidents.
Premium airline growth set back six years by recession, IATA
Despite recent gains, losses in the premium air traffic market during the global recession have erased the previous six years of growth, according to the International Air Travel Association (IATA).
Asia eclipses North America as world’s largest aviation market
Exponential growth in China has helped Asia Pacific overtake North America as the world’s largest passenger market in aviation, according to new figures released by IATA.
Airlines suffer worst year since WWII
Last year witnessed the biggest slump in air passenger traffic since World War II, according to the International Air Transport Association. Passenger traffic dropped by 3.5% in 2009 from a year earlier, while freight traffic fell 10.1%, reversing years of steady growth.
IATA: Premium travel remains weak
First and business-class travel numbers in November were 20% down on early 2008 levels despite a mid-year upturn, reflecting little business travel growth once seasonal fluctuations are taken into account, according to the International Air Transport Association.
Iata revises airline losses up for 2010
The airline industry’s losses for next year will reach $5.6bn – $1.8bn higher than previously predicted by Iata. But even with the upward adjustment, the massive loss is just over half of what the airline industry is predicted to lose this year – $11bn.
Stocks edge higher on IATA report
IATA has announced international scheduled traffic results for August with passenger demand down 1.1% on August 2008. However, this is an improvement on the 2.9% decline in July and points towards cautious recovery. Airline stocks edged higher on Tuesday as a result of the improving trend.
Compared to August 2008, passenger load factors improved by 1.2 percentage points to 80.9%. But despite the tighter supply and demand conditions average fares continue to be depressed (-22% for premium seats and -18% for economy). Freight demand fell by 9.6% (also an improvement compared to the 11.3% drop in July).
Airlines present climate change proposals to heads of governments
The International Air Transport Association (IATA) presented its proposals for December’s climate change talks to the UN Secretary General’s Summit on Climate Change in New York. The forum takes place in the run-up to the United Nations Framework Convention on Climate Change (UNFCCC) meeting in Copenhagen this December. The aviation sector is united in calling on world leaders to retain a global sectoral approach to reducing aviation emissions under the leadership of the International Civil Aviation Organization (ICAO), working in cooperation with the sector through IATA.
Slump easing as biz class demand improves
Airlines are beginning to fill vacant business-class seats with the number of passengers traveling in premium seats in July falling 14 percent, better than the 21.3 percent decline in June.
The latest statistics from the IATA suggest recovery but as average fares remain weak, there is little immediate celebration.
Airlines to post record-breaking losses
Airlines are predicted to lose a total of $11 billion this year according to IATA – $2 billion worse than previously predicted. The impact of the recession on the airline industry is “worse than the impact of 9/11,” according to IATA CEO Giovanni Bisignani. He predicted that losses would continue until 2010 with the industry expected to report a $3.8 billion net loss.
Oil uncertainties keep aviation in red despite demand improvements
The aviation industry remains in “intensive care” and the months ahead will be marked by many uncertainties, especially the price of oil, according to the International Air Transport Association. International passenger demand fell 2.9% in July compared to July 2008 while freight demand was down 11.3%.
Swine flu adds to aviation slide, says IATA
The International Air Transport Association said weak passenger demand and falling yields pushed revenue and traffic on international markets down in June, but reported signs of stabilization in the market. Passenger demand fell 7.2% in June, but this was a marginal improvement on the 9.3% fall in May.
Aviation bottom reached, says IATA
Aviation traffic is falling at a slower rate as the world’s equity markets stabilise, according to latest figures released by the International Air Transport Association (IATA).The aviation governing body said traffic results for May showed a 9.3% drop compared to a year ago, but this as well as April have been marginally stronger than the 11.1% decline reached in March.
IATA Annual General Meeting 2009
The Annual General Meeting (AGM) is IATA’s pre-eminent event. In addition to the statutory obligations, the formalising of industry positions and the evidencing of airline unity, the AGM provides a focus for emerging industry issues and a forum for Members to meet and network. Over 600 representatives from IATA’s Member Airlines, Industry Associate partners, international and regional associations, leading manufacturers and industry suppliers attend this meeting annually, accompanied by a large media contingent.
IATA figures show further falls
IATA has released international traffic data for April 2009 that shows a 3.1% decline in passenger demand and a mammoth 21.7% fall in cargo demand compared to April 2008. The average passenger load factor for the month stood at 74.4%.
IATA welcomes French security decision
IATA has welcomed France’s adoption of a One-Stop Security system. With the new system in place, passengers that have already been screened at a European airport will no longer need to be screened a second time when making flight connections.
Demand continues to fall in 2009
IATA’s international scheduled traffic figures for January 2009 show a deepening year-on-year demand slump. International passenger demand fell by 5.6% in January 2009 compared to the same month in 2008. It is also a full percentage point worse than the 4.6% year-on-year drop recorded in December. The January fall in demand is the fifth consecutive month of contraction.
United boss elected chair of ATA board
The Air Transport Association of America has announced that United Airlines Chairman, President and CEO Glenn F. Tilton has been elected chairman of the ATA Board of Directors. Tilton, who succeeds former Northwest Airlines Chairman and CEO Douglas M. Steenland in this role, will serve a two-year term.
