IATA News Page 58
Asia eclipses North America as world’s largest aviation market
Exponential growth in China has helped Asia Pacific overtake North America as the world’s largest passenger market in aviation, according to new figures released by IATA.
Airlines suffer worst year since WWII
Last year witnessed the biggest slump in air passenger traffic since World War II, according to the International Air Transport Association. Passenger traffic dropped by 3.5% in 2009 from a year earlier, while freight traffic fell 10.1%, reversing years of steady growth.
IATA: Premium travel remains weak
First and business-class travel numbers in November were 20% down on early 2008 levels despite a mid-year upturn, reflecting little business travel growth once seasonal fluctuations are taken into account, according to the International Air Transport Association.
Iata revises airline losses up for 2010
The airline industry’s losses for next year will reach $5.6bn – $1.8bn higher than previously predicted by Iata. But even with the upward adjustment, the massive loss is just over half of what the airline industry is predicted to lose this year – $11bn.
IATA:Traffic up slightly but too early for recovery
The International Air Transport Association has reported international scheduled traffic results for September 2009 with passenger demand essentially unchanged, increasing 0.3% compared to September 2008.
Aviation Presents Aviation Climate Change Plan to the UN
The International Air Transport Association (IATA) Director General and CEO, Giovanni Bisignani, presented the aviation industry’s climate change strategy and targets to UN Secretary-General Ban Ki-moon in a meeting at the United Nation’s headquarters in New York.
Airlines welcome environment progress at ICAO
The International Air Transport Association (IATA) welcomed progress made at the International Civil Aviation Organization (ICAO) High Level Meeting on International Aviation and Climate Change (HLM-ENV). IATA urged governments to move forward quickly to implement what was agreed and develop an even more ambitious agenda.
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.