Iata News
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.
Stocks edge higher on IATA report
IATA has announced international scheduled traffic results for August with passenger demand down 1.1% on August 2008. However, this is an improvement on the 2.9% decline in July and points towards cautious recovery. Airline stocks edged higher on Tuesday as a result of the improving trend. Compared to August 2008, passenger load factors improved by 1.2 percentage points to 80.9%. But despite the tighter supply and demand conditions average fares continue to be depressed (-22% for premium seats and -18% for economy). Freight demand fell by 9.6% (also an improvement compared to the 11.3% drop in July).
Airlines present climate change proposals to heads of governments
The International Air Transport Association (IATA) presented its proposals for December’s climate change talks to the UN Secretary General’s Summit on Climate Change in New York. The forum takes place in the run-up to the United Nations Framework Convention on Climate Change (UNFCCC) meeting in Copenhagen this December. The aviation sector is united in calling on world leaders to retain a global sectoral approach to reducing aviation emissions under the leadership of the International Civil Aviation Organization (ICAO), working in cooperation with the sector through IATA.
Slump easing as biz class demand improves
Airlines are beginning to fill vacant business-class seats with the number of passengers traveling in premium seats in July falling 14 percent, better than the 21.3 percent decline in June. The latest statistics from the IATA suggest recovery but as average fares remain weak, there is little immediate celebration.
Airlines to post record-breaking losses
Airlines are predicted to lose a total of $11 billion this year according to IATA – $2 billion worse than previously predicted. The impact of the recession on the airline industry is “worse than the impact of 9/11,” according to IATA CEO Giovanni Bisignani. He predicted that losses would continue until 2010 with the industry expected to report a $3.8 billion net loss.
Oil uncertainties keep aviation in red despite demand improvements
The aviation industry remains in “intensive care” and the months ahead will be marked by many uncertainties, especially the price of oil, according to the International Air Transport Association. International passenger demand fell 2.9% in July compared to July 2008 while freight demand was down 11.3%.
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.
Swine flu adds to aviation slide, says IATA
The International Air Transport Association said weak passenger demand and falling yields pushed revenue and traffic on international markets down in June, but reported signs of stabilization in the market. Passenger demand fell 7.2% in June, but this was a marginal improvement on the 9.3% fall in May.
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.
Aviation bottom reached, says IATA
Aviation traffic is falling at a slower rate as the world’s equity markets stabilise, according to latest figures released by the International Air Transport Association (IATA).The aviation governing body said traffic results for May showed a 9.3% drop compared to a year ago, but this as well as April have been marginally stronger than the 11.1% decline reached in March.
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.