Reading Time: 2 minutes The International Air Transport Association (IATA) announced that leaders of the global air transport industry are gathering in Dublin, Ireland for the Association’s 72nd Annual General Meeting (AGM) and World Air Transport Summit. The AGM will open with keynote addresses by Shane Ross TD, Ireland’s Minister for Transport, Tourism and Sport, and Dr. Olumuyiwa Benard […]
Reading Time: 3 minutes The International Air Transport Association (IATA) has called on African governments to prioritize the development of aviation nationally and at a pan-African level to bolster economic growth and development. Africa is set to be one of the fastest-growing aviation regions over the next 20 years, with annual expansion averaging nearly 5%. This opens up incredible […]
Reading Time: 3 minutes The International Air Transport Association (IATA) announced global passenger traffic results for March showing that demand (measured in revenue passenger kilometers, or RPKs) rose 5.3%, compared to the same month last year. Capacity grew slightly faster at 5.9% which pushed the average load factor down by half a percentage point to 79.6%. March performance shows […]
Reading Time: 2 minutes Some of Europe’s largest airline groups have unveiled their Q1 financial results in the past week, serving up a varied set of earnings but nevertheless giving credence to IATA’s prediction that 2016 will see a jump in the continent’s profitability. For some, reduced fuel prices and higher customer demand are still aiding improved performance […]
Reading Time: 4 minutes Through careful analysis of the largest aviation manufacturers (Airbus, Boeing and Embraer) and market activity tendencies, it is true to say that despite the current political and economical instability, Latin America’s aviation market is predicted to grow steadily for the next 20 years at the average rate of 6% annually. Consistent economic growth of 3.6% […]
Reading Time: 2 minutes The Finnish transport safety agency TRAFI is to become the first body to start using the new IATA Operational Safety Audit (IOSA) after signing a memorandum of understanding at the IATA Ops conference in Copenhagen this week. According to Tony Tyler, DG and CEO of IATA, this may help “reduce redundant audits while maintaining adherence […]
Reading Time: 9 minutes Good afternoon. It’s a pleasure to be here in the beautiful city of Copenhagen. As some of you may know, my wife is Danish, so I can claim some Danish connections! I would like to add my thanks to our host airline, Scandinavian Airlines, for their support, and to all of our sponsors, without whom […]
Reading Time: 3 minutes Geneva – The International Air Transport Association (IATA) announced global passenger traffic results for February showing continuing strong demand growth for domestic and international travel. Total revenue passenger kilometers (RPKs) rose 8.6%, compared to the same month last year. Monthly capacity (available seat kilometers or ASKs) increased by 9.6%, and load factor declined 0.7 percentage […]
Reading Time: 2 minutes United Airlines has dropped plans to acquire 12 additional Newark International Airport (EWR) slot pairs and the US Department of Justice (DOJ) has dropped its lawsuit seeking to prevent United from acquiring those slots. The moves come after FAA decided to ease regulated capacity constraints at EWR, effectively making conflicts over slots at the airport […]
Reading Time: 2 minutes The International Air Transport Association (IATA) released data for global air freight markets showing air cargo volumes (measured in freight tonne kilometers or FTKs) suffered a 5.6% fall in February compared to February 2015. This is heavily skewed due to the impact of the US port strikes in early 2015 (which caused a spike in […]