Tag: IATA
IATAAir transport industry profits improving but still ‘exceptionally low”, says IATA
IATA, (International Air Transport Association) announced an upgrading of its industry profit expectations to 6.9 billion dollars, up from 4 billion projected in June. IATA emphasized that, despite the improvements, profitability at these levels is still exceptionally weak (1.2% net margin) considering the industry’s total revenues of 594 billion dollars.
IATA unveils Checkpoint of the Future to enhance security and reduce queues
The International Air Transport Association (IATA) unveiled the first mock-up of a Checkpoint of the Future, designed to enhance security while reducing queues and intrusive searches at airports, using intelligence-driven risk-based measures.
IATA has a new a Director General effective July first, Tony Tyler
The International Air Transport Association (IATA) announced this week leadership changes at the conclusion of the Association’s 67th Annual General Meeting (AGM) and World Air Transport Summit in Singapore.
IATA warns of setback in the air travel industry while Japan recovers
The International Air Transport Association (IATA) has warned that fuel prices could increase and the global aviation industry will face a setback while Japan recovers from the earthquake.
Airlines profits to drop 50% from 2010 because of rising oil prices, says IATA
Airlines stand to earn almost 50% less this year than in 2010 as rising oil prices limit the benefits of a rebounding economy, anticipated IATA.
Air traffic growth moderates: begins to expand at historic rates, says IATA
International scheduled air traffic results for November showed an 8.2% year-on-year passenger traffic growth and a 5.4% increase for freight, according to the latest report from the International Air Transport Association (IATA).
Five world’s biggest airlines come from Asia and Latin America, says IATA
The world's five biggest airlines now come from Asia and Latin America, highlighting the industry's shift away from the US and Europe to higher-growth countries, according to recent reports from the International Air Transport Association, IATA.
Airlines profits for 2010 and 2011 up but “margins remain pathetic” says IATA
The International Air Transport Association (IATA) revised its industry outlook for 2010 to a net profit of 15.1 billion USD (up from the 8.9 billion forecast in September). Similarly IATA revised upwards its projections for 2011 to a net industry profit of 9.1 billion (up from the 5.3 billion forecast in September). However net margins remain weak at 2.7% for 2010 and falling to 1.5% in 2011.
Brazil’s air transport infrastructure is a “growing disaster”, says IATA
The chief of the International Air Transport Association or IATA sharply criticized the poor condition of Brazil airports, saying that the situation could put the country in a very bad light during the World Cup and the Olympic Games if the government does not improve capacity and renovate aging infrastructure.
“Faster than anticipated recovery” for air passenger and cargo traffic says IATA
Demand for international passenger and cargo traffic increased 9.2% and 22.7% respectively in July compared to the same month a year ago, according to the International Air Transport Association (IATA). The year-on-year comparisons for July were less than the June growth data showing 11.6% and 26.6% increases respectively.
