Reading Time: < 1 minute The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 6.8% in November 2016 compared to the year-earlier period. This was a slight slowdown from the 8.4% annual growth recorded in October 2016 – which was a 20-month high – but was […]

Reading Time: 4 minutes The world’s airlines will continue their streak of collective profitability in 2017, but anticipated higher costs coupled with a sluggish global economy lead IATA forecasters to believe 2017’s industry net profit will be almost $6 billion lower than 2016’s expected profit. If the global airline industry posts a net profit of $29.8 billion in 2017, […]

Reading Time: 6 minutes The International Air Transport Association (IATA) announced that it expects the global airline industry to make a net profit in 2017 of $29.8 billion. On forecast total revenues of $736 billion, that represents a 4.1% net profit margin. This will be the third consecutive year (and the third year in the industry’s history) in which […]

Reading Time: < 1 minute The Nigerian government said it has directed the Central Bank of Nigeria (CBN) to release a total of USD300 million in unremitted revenue to foreign airlines, reports ch-aviation. The announcement comes after IATA lumped the West African petrostate into the same category as Venezuela in June this year after complaints from foreign carriers that they […]

Reading Time: 3 minutes The International Air Transport Association (IATA) called on industry and governments to work together in an even stronger partnership to provide durable solutions to aviation’s security challenges. These efforts, which must be based on common principles, include such areas as overflying conflict zones, landside security at airports, insider threats, cyber security, harmonization of PNR (passenger […]

Reading Time: 3 minutes The International Air Transport Association (IATA) called for a renewed look at the results of Indian public-private partnership in airport privatization, a reduction in taxation and for India to join international efforts on sustainability for air transport. These will be key enablers of a vitally important industry to India to be an even bigger catalyst […]

Reading Time: 2 minutes The International Air Transport Association (IATA) has expressed “disappointment” that India “did not come to the table as an early adaptor” of the carbon offset and reduction scheme for the aviation sector that was agreed to at the International Civil Aviation Organisation Assembly meeting earlier this month in Montreal. “We are disappointed because other developing […]

Reading Time: 3 minutes The International Air Transport Association (IATA) expects 7.2 billion passengers to travel in 2035, a near doubling of the 3.8 billion air travelers in 2016. The prediction is based on a 3.7% annual Compound Average Growth Rate (CAGR) noted in the release of the latest update to the association’s 20-Year Air Passenger Forecast. “People want […]

Reading Time: 3 minutes The International Air Transport Association (IATA) laid out a transformative vision for air travel that will enable aviation to successfully accommodate a near doubling in demand for air travel over the next two decades. According to IATA’s latest passenger forecast, some 7.2 billion air trips will take place in 2035, up from 3.8 billion in […]

Reading Time: 2 minutes The International Air Transport Association (IATA) and the Secretariat of the Organization for Security and Cooperation in Europe (OSCE) signed a Memorandum of Understanding (MoU) to strengthen, promote, and develop cooperation on aviation facilitation and border integrity issues—two of the key components for governments to fulfill their national security responsibilities. Under the MoU, IATA and […]