Iata News
Hong Kong needs a third runway
Hong Kong - The International Air Transport Association (IATA) called on the authorities in Hong Kong to move forward with plans for a third runway at Hong Kong International Airport.
IATA updates forecasts for global aviation
The International Air Transport Association has revised its expectations for global aviation in 2010. The industry trade body now expects the sector to generate a profit of $15.1 billion over the course of the year.
Aviation returns to “normal” says IATA
The International Air Transport Association announced international traffic results for October showing a 10.1% year-on-year increase in passenger demand and a 14.4% year-on-year increase for international freight.
IATA and Innovata forge strategic partnership
The International Air Transport Association has signed an agreement to resell services of aviation and hospitality data specialist Innovata. The deal marks a multi-year extension to a strategic marketing partnership that was formed by the two organisations in March 2003.
Middle East air traffic raises questions of control
Much has been made of the aviation industry’s growth in the Middle East in the past year. Being the only region to post growth in 2009 of 11.2%, 2010 has seen the trend continue, with an increase of 19.4% over the first seven months of the year according to International Air Transport Association
IATA raises expectations for global aviation
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.
Lift off for global premium aviation
The number of airline passengers travelling in premium class increased in June as the global economic recovery gains momentum, the airline industry body IATA has said.
Air travel rebounds to pre-recession levels
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
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
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
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”
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.