The International Air Transport Association (IATA) called on the Venezuelan government to address the problem of the 3.7 billion dollars in airline funds the government is withholding from the airlines.
Airline profits will be 20% higher than expected this year despite razor-thin margins, according to the industry's main representative body. The International Air Transport Association (IATA) said increased demand was helping pack planes to record levels.
The International Air Transport Association (IATA) announced that Richard H. Anderson, CEO of Delta Air Lines, has assumed his duties as Chairman of the IATA Board of Governors.
More than one billion tourists will take a trip this year crossing an international boundary, a threshold never before reached, UN officials told a meeting tourism ministers gathering in Mexico this week.
The International Air Transport Association (IATA) announced revisions to its industry outlook with profitability for 2011 remaining weak but unchanged at 6.9 billion dollars for a net margin of 1.2%.
Surging oil prices due to political turmoil in the Middle East spell very, very big challenges for airlines, said International Air Transport Association chief Giovanni Bisignani on Wednesday.
Air traffic increased 8.2% in the passenger business and 20.6% in freight according to the full 2010 report from the International Air Transport Association, IATA. Middle-East, Asia-Pacific and Africa regions were above average in passenger transport and Latinamerica led in cargo expansion.