Tag Archives: IATA

Amitabh Khosla, Country Director-India, IATA said that India’s air traffic had already surpassed 2019 levels, both for domestic and international flights, in 2023 itself.  “So certainly, we are witnessing rapid growth, as demonstrated in the unveiling video of the 2025 AGM. There is a significance amount of activity and technology driving aviation growth in India, ” he added.

As per International Air Transport Association (IATA), in March 2024, there was 13.8 per cent increase in global passenger demand vis-a-vis the same month in 2023. International passenger demand saw a rise of 18.9 per cent compared to March 2023, while domestic demand rose to 6.6 per cent, showcasing a positive landscape for aviation industry.

The International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2023, which will then largely stabilize in 2024. Airline industry net profits are expected to reach US$25.7 billion in 2024 (2.7% net profit margin). That will be a slight improvement over 2023 which is expected to show a US$23.3 billion net profit (2.6% net profit margin). 

Aeroflot to resume direct regular flights to Indian state Goa from Moscow and Ekaterinburg. The services will be operated to international airport Dabolim (IATA: GOI). Tickets are available.  In line with bilateral agreement between India and Russia from September 30 three weekly flights from Sheremetyevo airport will be operated on wide-body Airbus A330 on Tuesdays, Fridays and   Saturdays. From October 3 three weekly flights from Ekaterinburg will be operated on Boeing 737- 800 on Tuesdays, Fridays and Saturdays.   In addition to Goa, Aeroflot operates direct flights from Moscow to Delhi all year round. Traditionally the south of India is a favorite place for beach holidays of Russians in fall and winter. The flights are expected to be in high demand. Tourists will be able to get to the Indian Ocean coast in comfort and without transfers. The up-to-date schedule is available on Aeroflot’s website. “Goa flights to Moscow will boast tourism from Russia as well as India, as Russia has simplified the process for visa issuance for Indians, now Indians can apply for Russian visas online, except this cargo sector from western India will be in demand as trade between countries is increasing from last few months” said Dr. Naveen Rao Director of Delmos Aviation Pvt. Ltd.   

IATA, in its quarterly air transport chartbook for 2nd Quarter 2023, reported that the global airline industry is expected to generate a net profit of USD9.8 billion in 2023, with a modest 1.2% net profit margin. This translates to an expected profit of USD2.25 per passenger. 

An IATA report revealed, India has the right vision and well-timed strategy for the aviation sector and its still a long way to go, especially with good economic growth and high population, but it should also be ensured that the positive impact is not curtailed by too many taxes.

According to a recent report by IATA, India witnessed a significant surge , with RPKs surpassing 2019 levels by 14.7 % and experiencing an 18.3 % year-on -year increase. Growth in international air traffic continues to be stable this month.

Based on a survey of 4700 travelers in 11 countries, IATA reported high levels of confidence among travelers for the 2023 summer season. Forward booking data from 1Q2023 for travel between May-2023 and Sep-2023 is tracking at 35% above 2022 levels.

The International Air Transport Association (IATA) has shared that air travel recovery across the world continued through November 2022, with India’s domestic recovery catching up with 2019 numbers soon. “In India, domestic RPKs (Revenue Passenger Kilometers) increased by 11.1% YoY and ASKs by 0.5%. November RPKs were 12.2% short of 2019 results,” it said.

IATA said India’s decision to re-introduce coronavirus testing for international passengers is “disappointing and a step backwards” as the current situation is different from when the pandemic started around three years ago.