Reading Time: < 1 minute The International Air Transport Association (IATA) called on governments to abide by international agreements and treaty obligations to enable airlines to repatriate revenues from ticket sales and other activities. According to IATA, the amount of airline funds blocked from repatriation totaled $4.9 billion at the end of 2017, which was down 7% compared to year-end […]
Reading Time: 2 minutes The International Air Transport Association (IATA) 74th Annual General Meeting (AGM) urged governments to take a cautious approach when considering airport privatization. In a unanimously passed resolution, IATA members called on governments to prioritize the long-term economic and social benefits delivered by an effective airport ahead of the short-term financial gains provided by a poorly […]
Reading Time: 3 minutes The International Air Transport Association (IATA) announced global passenger traffic data for April 2018 showing that demand (revenue passenger kilometers or RPKs) rose by 6.2% compared to April 2017, which was down from a 12-month high of 9.7% in March. Comparisons with the year ago period are impacted by developments a year ago – including […]
Reading Time: 3 minutes The International Air Transport Association’s (IATA) top official believes that political instability in the Middle East is posing a threat to the region’s airline industry growth. The Middle East airline industry has not yet totally recovered from the Arab Spring – the 2010 series of protests and demonstrations across the region. That’s the view of […]
Reading Time: 2 minutes The International Air Transport Association (IATA) announced global passenger traffic results for March 2018 showing that demand (measured in revenue passenger kilometers, or RPKs) rose 9.5%, compared to the same month a year ago, the fastest pace in 12 months. Capacity (available seat kilometers, or ASKs) grew 6.4% and load factor climbed 2.3 percentage points […]
Reading Time: 2 minutes The International Air Transport Association (IATA) urged aviation stakeholders to follow global standards and make greater use of operational data in order to safely accommodate an additional 3.8 billion air travelers by 2036. Speaking at the Safety and Flight Operations Conference, IATA’s Director General and CEO Alexandre de Juniac said, “Over the next 20 years, […]
Reading Time: 3 minutes The International Air Transport Association (IATA) announced global passenger traffic results for January 2018 showing traffic (revenue passenger kilometers or RPKs) rose 4.6% compared to January 2017. This was the slowest year-over-year increase in nearly four years, but results were affected by temporary factors including the later timing of the Lunar New Year in 2018 […]
Reading Time: 2 minutes The International Air transport Association (IATA) set out an aim for one billion passengers to fly on flights powered by a mix of jet fuel and sustainable aviation fuel (SAF) by 2025. This aspiration was identified on the tenth anniversary of the first flight to blend sustainable aviation fuel and ordinary jet fuel. On 24 […]
Reading Time: 2 minutes The International Air Transport Association (IATA) released data for the 2017 safety performance of the commercial airline industry showing continued strong improvements in safety. The all accident rate (measured in accidents per 1 million flights) was 1.08, an improvement over the all accident rate of 1.68 in 2016 and the rate of 2.01 for the […]
Reading Time: 2 minutes Investors will be keeping a keen eye on how airlines approach the dual problems of rising fuel costs and labor costs this year. Last December the International Air Transport Association (IATA) highlighted these two elements, which are airlines’ highest expenditures, as the major challenge for 2018. In 2016, labor costs accounted for 22% of airlines’ […]