Reading Time: < 1 minute The International Air Transport Association (IATA) is further estimating the losses global airlines will suffer due to grave impact of the coronavirus on air travel. According to the recent analysis, airlines may collectively burn through $61 billion of their cash reserves during the second quarter of 2020, where quarterly net loss could result in $39 […]

Reading Time: < 1 minute The European Union has taken a bold step to help airlines and mitigate the damage to the airlines created by the coronavirus. The EU has suspended the 80/20 airport slot use rule until the end of the summer season. This move secures airlines with full flexibility in arranging their schedules and allows them to avoid […]

Reading Time: < 1 minute On 5 March, 2020, the International Air Transport Association (IATA) projected that the crisis caused by the coronavirus will cost the industry a $113 billion revenue loss. On 24 March, 2020, the updated analysis revealed new numbers: $252 billion hit or 44% below 2019’s figure. The initial forecast was made in light of some travel […]

Reading Time: 2 minutes While more and more countries are closing their borders in an attempt to reduce the spread of the coronavirus pandemic, air cargo must not be forgot and its activity must not be restrained by governments, IATA says. Even in light of massive reductions in passenger flights, which currently reach up to 75%, air cargo has […]

Reading Time: 2 minutes In light of sharp decrease in air travel demand, recently the sky has been full of empty or nearly empty aircraft still operating on their routes. These flights are also referred to as ‘ghost flights’. What do you know about this phenomenon? As the name ‘ghost flight’ suggests itself, these are the flights without passengers […]

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), contracted by 3.9% in August 2019, compared to the same period in 2018. This marks the tenth consecutive month of year-on-year decline in freight volumes, the longest period since the global financial crisis […]

Reading Time: 2 minutes The International Air Transport Association (IATA) launched the 25by2025 Campaign—an airline industry initiative to advance gender diversity in the airline industry by 2025. The 25by2025 Campaign is a voluntary commitment by participating IATA member airlines. Key among the commitments of airlines participating in the 25by2025 Campaign are: Increasing the number of women in senior positions […]

Reading Time: < 1 minute Regional air carrier NordStar Airlines has become Russia’s latest member of the International Air Transport Association (IATA) global airlines’ grouping. Membership of the worldwide association, which consists of some 300 airlines, will encourage NordStar to adopt the best international practices, introduce the latest technologies and passenger services, benefit from new and established IATA products and […]

Reading Time: < 1 minute Rising fuel prices and issues with global trade are greatly weakening the business environment for airlines, IATA announced. According to forecast, “in 2019 overall costs are expected to grow by 7.4%, outpacing a 6.5% rise in revenues. As a result, net margins are expected to be squeezed to 3.2% (from 3.7% in 2018)”. “Margins are […]

Reading Time: < 1 minute Despite the fact that it is believed the Federal Aviation Administration (FAA) is set to approve the updates to the 737 MAX in June, other agencies intend to carry out their own assessments. This has resulted in the likelihood worldwide approval for the lifting of the ban, which was instigated after two fatal crashes involving […]