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Aviation bottom reached, says IATA

25 June 2009 Press Release Airline News

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

9 June 2009 Press Release Airline News

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.

Aviation losses to hit $9bn, warns IATA

8 June 2009 Press Release Airline News

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

8 June 2009 Press Release Travel Technology News

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

28 May 2009 Press Release Airline News

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

12 May 2009 Press Release Airline News

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

30 April 2009 Press Release Airline News

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

26 March 2009 Press Release Airline News

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

24 March 2009 Press Release Airline News

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

27 February 2009 Press Release Airline News

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

20 February 2009 Press Release Airline News

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

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.