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Air cargo plummets as global recession deepens

30 January 2009 Press Release Airline News

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

28 January 2009 Press Release Airline News

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

15 January 2009 Press Release Airline News

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.

United boss elected chair of ATA board

8 December 2008 Press Release Airline News

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.

IATA: Air traffic figures down again

27 November 2008 Press Release Airline News

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

4 September 2008 Press Release Airline News

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: Liberalisation key to aviation

19 September 2006 Press Release Airline News

“Failure to liberalise the air transport sector is delaying the recovery of a sick industry” said Giovanni Bisignani, Director General and CEO of International Air Transport Association (IATA).