Breaking Travel News

Iata News

IATA raises expectations for global aviation

IATA raises expectations for global aviation

21 September 2010 Airline News

The International Air Transport Association has sharply revised its expectations for global aviation in 2010, projecting profits of $8.9 billion. As late as June this year the IATA was predicting global profits of $2.5 billion, with the Vancouver-based body surprised by the “stronger and faster” economic recovery.

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.