International Air Transport Association News
IATA:Traffic up slightly but too early for recovery
The International Air Transport Association has reported international scheduled traffic results for September 2009 with passenger demand essentially unchanged, increasing 0.3% compared to September 2008.
Aviation Presents Aviation Climate Change Plan to the UN
The International Air Transport Association (IATA) Director General and CEO, Giovanni Bisignani, presented the aviation industry’s climate change strategy and targets to UN Secretary-General Ban Ki-moon in a meeting at the United Nation’s headquarters in New York.
Airlines welcome environment progress at ICAO
The International Air Transport Association (IATA) welcomed progress made at the International Civil Aviation Organization (ICAO) High Level Meeting on International Aviation and Climate Change (HLM-ENV). IATA urged governments to move forward quickly to implement what was agreed and develop an even more ambitious agenda.
Industry supports ICAO environment leadership
Montreal - The International Air Transport Association (IATA), in a joint paper with the Airports Council International (ACI), the Civil Air Navigation Services Organisation (CANSO) and the International Coordinating Council of Aerospace Industries Associations (ICCAIA), called for governments to adopt a global sectoral approach for managing aviation’s emissions in the Kyoto II period.
Tough targets and a global sectoral approach
Hong Kong - The International Air Transport Association (IATA) challenged governments to take four specific actions to support the aviation industry’s responsible approach to climate change.
Strengthening the Foundations of Brazilian Aviation
The International Air Transport Association set out an agenda for the Brazilian civil aviation sector, leveraging positive actions by the Government of Brazil to improve competitiveness and deliver broad economic benefits.
G8 Supports Global Sectoral Approach for Aviation
The International Air Transport Association welcomed the G8 leaders’ support for a global sectoral approach in dealing with aviation’s emissions in the post-2012 period on the way to a 50% reduction in global greenhouse gas emissions by 2050.
Airline fares set for further falls
Airline fares could fall as carriers struggle to fill empty seats during the downturn, according to a leading economist at the International Air Transport Association. Brian Pearce, regarded as the aviation industry’s leading economist, predicts that fares could fall at least another 10 percent over the next year, coming on top over last year’s falls.
Aviation losses to hit $9bn, warns IATA
The International Air Transport Association (IATA) has sent a stark warning to the aviation industry with its new prediction of a 30 percent drop in orders for new aircraft globally.Giovanni Bisignani, chief executive of the IATA, said the recession had led to an even greater slump in premium traffic and cargo than the $4.7bn (£2.9bn) forecast it made only 10 weeks ago.
IATA Reshaping to Build a Stronger Industry
The International Air Transport Association (IATA) called for a major resizing and reshaping of the entire air transport value chain as airlines battle the ongoing global economic crisis. Airlines are expected to post losses of US$9 billion this year with an unprecedented 15% revenue drop that will see industry revenues shrink by US$80 billion to US$448 billion.
Only way is up for aviation
In a bad week for aviation, the International Air Transport Association has piled on further pressure by publishing its figures for February which show a 22 percent slump in freight and 10 percent fall in passenger volumes, compared to the same period last year.However the global aviation body did offer a glimmer of hope by predicting that the recent run of declines may have hit the bottom.
Global airline losses to widen to US$4.7bn in 2009
The outlook for airlines has detiorated markedly in the first quarter of 2009, according to the International Air Transport Association (IATA), which has almost doubled its initial estimate of the sector’s losses for the year to US$4.7 billion.In December, IATA reported that the global air transport industry would make a loss of US$2.5bn this year. However it has revised its forecast against a backdrop of both passenger and cargo demand deteriorating more than expected.
IATA calls on Obama to initiate aviation reform
The International Air Transport Association has called on the new Obama Administration in the US to prioritise aviation as a catalyst to stimulate the US economy.“Smart investments - not bailouts - in air transport will pay-off with jobs and boost other industries,” said Giovanni Bisignani, IATA’s Director General and CEO.
Air cargo plummets as global recession deepens
Air cargo traffic has plummeted by almost a quarter as a result of the global recession, according to the latest figures released by the aviation International Air Transport Association. Traffic fell 22.6 percent in December compared with the same month in 2007. This comes on the back of a 13.5 percent drop decrease in November.
Outlook for major airlines deteriorates
Half of the world’s major airlines will experience a slump in profits in 2009 due to falling demand, according to the latest survey from the International Air Transport Association. The report represents a dramatic loss in optimism since its previous survey, released three months ago, when 75% of carriers anticipated a rise in consumer demand in 2009.
IATA backs Heathrow runway plans
International Air Transport Association Director General and CEO Giovanni Bisignani has issued a statement backing the U.K. Government’s decision to add a third runway at London Heathrow.
IATA: Air traffic figures down again
The International Air Transport Association has announced international air traffic for October showing a second consecutive month of global decline. International passenger traffic declined by 1.3% compared to the same month in the previous year - a smaller decline than the 2.9% drop experienced in September.
IATA releases bleak aviation industry forecast
The International Air Transport Association (IATA) has announced a revised industry financial forecast that would see the global airline industry post losses of US$5.2 billion in 2008 based on an average crude oil price of US$113 per barrel (US$140 for jet fuel).
IATA forecasts major industry losses
The International Air Transport Association has revised its industry financial forecast for 2008 significantly downwards to a loss of US$2.3 billion.
Agency concerned by e-ticket deadline
The world’s airlines are struggling to meet the impending deadline for the global switch to “paperless” tickets, a leading travel agency group has warned.
