Tag Archives: IATA

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.

International Air Transport Association (IATA) has revealed that in 2023, airlines are expected to post a small net profit of $4.7 billion—a 0.6% net profit margin. It is the first profit since 2019 when industry net profits were $26.4 billion (3.1% net profit margin). In 2022, airline net losses are expected to be $6.9 billion.

The International Air Transport Association (IATA) announced passenger data for July 2022 showing that the recovery in air travel continues to be strong. India’s domestic RPKs rose 97.8% in July and are now exceeding 81% of 2019 levels.

The International Air Transport Association (IATA) announced passenger data for June 2022 showing a strong recovery. In terms of the domestic passenger market, India constitutes 2.2 percent of the global share, it revealed. Demand for air travel remains strong. “After two years of lockdowns and border restrictions people are taking advantage of the freedom to travel wherever they can,” said Willie Walsh, Director General, IATA.

The International Air Transport Association (IATA) expressed concern that a premature return to pre-pandemic slot use rules in the EU this winter risks continuing disruption to passengers. The European Commission has announced it intends to return to the longstanding 80-20 slot use rule, which requires airlines to operate at least 80% of every planned slot sequence. Global slot rules are an effective system for managing access to and the use of scarce capacity at airports. The system has stood the test of time and while airlines are keen to restart services, the failure of several key airports to accommodate demand, coupled with increasing air traffic control delays, means a premature return to the 80-20 rule could lead to further passenger disruption. The evidence so far this summer has not been encouraging. Airports had the 2022 summer season schedules and final slot holdings in January and didn’t evaluate how to manage this in time. Airports declaring that full capacity is available and then requiring airlines to make cuts this summer shows the system is not ready for reviving “normal” slot use this winter season (which begins at end of October). “The chaos we have seen at certain airports this summer has occurred with a slot use threshold of 64%. We are worried that airports will not be ready in time to service an 80% threshold by the end of October. It is essential the Member States and Parliament adjust the Commission’s proposal to a realistic level and permit flexibility to the slot use rules. Airports are equal partners in the slot process, let them demonstrate their ability to declare and manage their capacity accurately and competently and then restore the slot …

Willie Walsh, Director General, IATA, has said that the first lesson from pandemic was that closing borders is not the right response to a pandemic. “Data has revealed that borders should not have been closed and relaxations should have come much sooner,” he added.