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Air travel rebounds to pre-recession levels

Air travel rebounds to pre-recession levels

30 June 2010 Airline News

Global aviation traffic has returned to levels last seen before the 2008 recession, according to data from the International Air Transport Association. The Middle East continues to lead the global recovery, seeing the biggest increase in demand during May, while North America and Europe lagged behind.

Global aviation given clean bill of health

Global aviation given clean bill of health

7 June 2010 Airline News

The global aviation industry is recovering at a much faster rate than previously expected due to a sharp recovery in passenger numbers and cargo. However European airlines are missing out on the recovery due to the impact of April’s volcanic eruption in Iceland and industrial disputes, IATA announced on the first day of its 2010 AGM.

IATA attacks British government

27 May 2010 Travel Events News

International Air Transport Association chairman Antony Tyler has used the Global Travel & Tourism Summit in Beijing to attack the new British government’s aviation policy. The scrapping of a third runway at Heathrow Airport and changes to Air Passenger Duty were both concerns, while the European Union was also criticised.

Volcano Crisis Cost Airlines $1.7 Billion

Volcano Crisis Cost Airlines $1.7 Billion

22 April 2010 Press Release Airline News

The International Air Transport Association (IATA) estimated that the Icelandic volcano crisis cost airlines more than $1.7 billion in lost revenue through Tuesday—six days after the initial eruption.

Ash fiasco now “worse than 9/11 attacks”

Ash fiasco now “worse than 9/11 attacks”

19 April 2010 Airline News

The head of IATA has slammed Europe’s governments for their handling of the volcanic ash crisis, which has left aviation in a worse “mess” than at the time of the 9/11 attacks, with costs of $200m a day in lost revenue.

Aviation rebounds strongly in 2010

Aviation rebounds strongly in 2010

30 March 2010 Airline News

The aviation industry has been given its cleanest bill of health yet post downturn, with news from IATA that both passenger and cargo air traffic grew strongly last month. Global demand was up 9.5% for passengers and 26.5% for cargo, compared to February 2009.

IATA revises loss forecast for 2010

IATA revises loss forecast for 2010

11 March 2010 Airline News

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.