Iata News
Aviation losses to hit $9bn, warns IATA
The International Air Transport Association (IATA) has sent a stark warning to the aviation industry with its new prediction of a 30 percent drop in orders for new aircraft globally.Giovanni Bisignani, chief executive of the IATA, said the recession had led to an even greater slump in premium traffic and cargo than the $4.7bn (£2.9bn) forecast it made only 10 weeks ago.
IATA Reshaping to Build a Stronger Industry
The International Air Transport Association (IATA) called for a major resizing and reshaping of the entire air transport value chain as airlines battle the ongoing global economic crisis. Airlines are expected to post losses of US$9 billion this year with an unprecedented 15% revenue drop that will see industry revenues shrink by US$80 billion to US$448 billion.
IATA figures show further falls
IATA has released international traffic data for April 2009 that shows a 3.1% decline in passenger demand and a mammoth 21.7% fall in cargo demand compared to April 2008. The average passenger load factor for the month stood at 74.4%.
IATA welcomes French security decision
IATA has welcomed France’s adoption of a One-Stop Security system. With the new system in place, passengers that have already been screened at a European airport will no longer need to be screened a second time when making flight connections.
IATA says industry ready for flu alert
The International Air Transport Association has emphasised that airlines are prepared for the heightened level of alert following the World Health Organization’s (WHO) decision to move to Phase 5 of its pandemic preparedness plan.
Only way is up for aviation
In a bad week for aviation, the International Air Transport Association has piled on further pressure by publishing its figures for February which show a 22 percent slump in freight and 10 percent fall in passenger volumes, compared to the same period last year.However the global aviation body did offer a glimmer of hope by predicting that the recent run of declines may have hit the bottom.
Global airline losses to widen to US$4.7bn in 2009
The outlook for airlines has detiorated markedly in the first quarter of 2009, according to the International Air Transport Association (IATA), which has almost doubled its initial estimate of the sector’s losses for the year to US$4.7 billion.In December, IATA reported that the global air transport industry would make a loss of US$2.5bn this year. However it has revised its forecast against a backdrop of both passenger and cargo demand deteriorating more than expected.
Demand continues to fall in 2009
IATA’s international scheduled traffic figures for January 2009 show a deepening year-on-year demand slump. International passenger demand fell by 5.6% in January 2009 compared to the same month in 2008. It is also a full percentage point worse than the 4.6% year-on-year drop recorded in December. The January fall in demand is the fifth consecutive month of contraction.
IATA calls on Obama to initiate aviation reform
The International Air Transport Association has called on the new Obama Administration in the US to prioritise aviation as a catalyst to stimulate the US economy.“Smart investments - not bailouts - in air transport will pay-off with jobs and boost other industries,” said Giovanni Bisignani, IATA’s Director General and CEO.
Air cargo plummets as global recession deepens
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
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
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.