Tag Archives: International Air Transport Association

In 2021, global passenger demand to be 24% below 2019 levels: IATA

According to the new analysis by International Air Transport Association (IATA), in 2021 it is expected that global passenger demand (measured in revenue passenger kilometres, RPKs) will be 24% below 2019 levels and 32% lower than IATA’s October 2019 Air Passenger forecast for 2021. This forecast is modelled on the baseline scenario of domestic markets opening in Q3, with a much slower phased opening of international markets. This would limit the air travel recovery, despite most forecasts pointing toward a strong economic rebound late this year and during 2021.

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Most air passengers wish to begin travelling this month: IATA survey

A survey conducted by International Air Transport Association (IATA) at the beginning of April reveals that as many as 47% of air passengers surveyed wished to begin travelling within a month or two (by May or June). The survey, conducted across 11 countries (including India), also revealed that at least 4 per cent still continued being sceptical and did not wish to travel for the foreseeable future. Respondents for the survey were from Australia, Canada, Chile, France, Germany, India, Japan, Singapore, United Arab Emirates, United Kingdom and the Unites States.

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Ticket refunds could amount to $35 billion for airline industry: IATA

According to the latest data provided by International Air Transport Association (IATA), the airline industry could be staring at an estimated $35 billion of ticket refunds. This, clubbed with significant fixed and semi-fixed costs of which many cannot be avoided over a short period of time, can amount to the airline industry using up to $61 billion from its cash reserve in the second quarter (Q2) of 2020. This comes after IATA’s impact assessment released earlier, which showed that the industry was looking at a net loss of $39 billion in Q2 2020.

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EU suspends ‘slot use’ rules till June 2020

The International Air Transport Association (IATA) welcomed the announcement by the European Commission (EC) granting the temporary suspension until June 2020 of the 80-20 ‘use it or lose it’ rule for airport slots.  The decision reflects the unprecedented situation facing the airline industry. However, granting the suspension only until June is the very minimum the industry needs, and a decision on a full suspension until October will be needed within the next month to allow airlines to plan their schedules. The COVID-19 virus has caused a collapse in global air travel demand. Owing to the requirement to continue to operate an airport slot for at least 80% of the time, airlines have been unable to respond by adjusting their capacity. The suspension of the slot use rules until June will allow airlines to begin putting in place measures to cope with the unprecedented fall in traffic, but it is a shorter period than airlines had requested. Airlines need the suspension to be extended to cover the whole season (to October), as other regulators worldwide have already agreed. The EC will therefore need to review the extension request by April 15. “Airlines are in crisis. The collapse in demand is unprecedented. And airlines are struggling to match capacity to the fast-changing situation. The Commission’s decision to suspend slot use rules until June means that airlines can make these critical decisions immediately—without worrying about the impact on future availability of slots. This is much needed and most welcome. However, given all the uncertainties, it is disappointing that the decision does not cover the full season,” said Rafael Schvartzman, IATA’s Regional Vice President for Europe. The Commission’s decision will benefit airlines, airports and …

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India domestic air traffic rises again in May after April fall: IATA

The recently released global passenger traffic results for May by The International Air Transport Association (IATA), revealed that after a fall in domestic RPKs in April (down 2.0 per cent YoY), following the demise of Jet Airways, growth in the India market rebounded sharply in May, with RPKs now an even 6.0 per cent higher than a year ago. While it will take some time for the market to adjust to the recent shock, the longer-term outlook for domestic India traffic remains positive.

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Domestic aviation growth dips sharply in India to 3.1% year-on-year: IATA

Year-on-year RPK growth slowed substantially in the domestic India market in March 2019, from 8.3 per cent in February, to 3.1 per cent currently, according to International Air Transport Association (IATA). Over the past five years, annual growth has averaged a double-digit pace close to 20 per cent. In large part, the slowdown reflects the disruption of flight operation for Jet Airways, including a number of flight cancellations, as well as construction works at Mumbai airport which also interrupted operations. Rising airfares in recent months are also likely to have weighed upon passenger demand.

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India records over 20% growth in the number of new air routes: IATA

The growth of more than 20 per cent in the number of new routes in India provided a sizeable boost to passenger demand in the market, according to a latest report by International Air Transport Association (IATA). The surging number of international flyers is drawing airlines to new air routes in India. The increase in international air traffic from India and a focus on business and leisure travellers has prompted not only foreign airlines such as Air Italy and NokScoot to launch new routes to destinations in the country but has also got several Indian carriers including Jet Airways and IndiGo to start operations on foreign routes. Although the combination of GDP and network developments explain more than three quarters of the variation in domestic revenue passenger kilometers (RPK) growth rates over time, other factors such as tourism attractiveness, availability of travel alternatives, trade flows and demographics account for the residual growth in traffic in the country. India has become the third largest domestic aviation market in the world and is expected to overtake the UK to become the third largest air passenger market by 2025, states a report by India Brand Equity Foundation (IBEF). The report reveals that by 2036, India is estimated to have 480 million flyers, which will be more than that of Japan (just under 225 million) and Germany (just over 200 million) together.

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India becomes fastest growing domestic aviation market 4th year in a row: IATA

The domestic aviation market in India has registered the fastest growth for the fourth year in a row in 2018, according to a recent report by International Air Transport Association (IATA). The year-end aviation data analysis by IATA revealed, “The India domestic market recorded the fastest full-year domestic growth rate for the fourth year in a row (18.6 per cent), followed by China (11.7 per cent).” In fact, India recorded its 50th consecutive month of double-digit annual growth in October. Other than India and China, Russia (9 per cent), USA (5.1 per cent) and Brazil (4.8 per cent) were among the top five fastest growing domestic air travel markets. According to the IATA report, globally, revenue passenger kilometers (RPKs) rose by 6.5 per cent in 2018, slower than the 8 per cent growth registered in 2017.  

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India records fastest domestic aviation growth of 18.6 per cent: IATA

The India domestic market posted the fastest full year domestic growth rate for the fourth year in a row (18.6 per cent), according to an International Air Transport Association (IATA) report. Domestic demand in India was underpinned by a robust economic expansion as well as by increasing number of domestic pairs. The country recorded its 50th consecutive month of double-digit annual growth in October. .“While globally, domestic air travel climbed 7 per cent last year, which remained unchanged from the rate in 2017. All markets showed annual growth, led by India and China, which both posted double-digit annual increases,” the report added.

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