Tag Archives: International Air Transport Association

Airlines expected to register small $4.7 bn profit in 2023 after $6.9 bn loss in 2022

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.

Read More »

Early return to EU slot add to passengers’ woes: 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 …

Read More »

Govts & industry to ensure aviation & safety systems co-exist with 5G services: IATA

International Air Transport Association (IATA) has said that governments must work with the industry to ensure that aviation and incumbent safety systems can safely co-exist with the new 5G services. Many countries have successfully managed to facilitate the requirements of 5G service providers while including necessary mitigations to preserve aviation safety and uninterrupted services.

Read More »

IATA urges governments to adopt simple measures to safely ramp-up international travel

The International Air Transport Association (IATA) called on governments to adopt simple, predictable and practical measures to safely and efficiently facilitate the ramping-up of international travel as borders re-open. Specifically, IATA urged governments to focus on three key areas, simplified health protocol, digital solutions to process health credentials, and COVID-19 measures proportionate to risk levels with a continuous review process.

Read More »

Travellers getting frustrated with COVID-19 restrictions, 67% feel borders shall open now: IATA

A recent survey by International Air Transport Association (IATA), air travellers are increasingly frustrated with the COVID-19 travel restrictions. The survey within 11 markets in September showed confidence that the risks of COVID-19 can be effectively managed and that the freedom to travel should be restored. 67% of respondents felt that most country borders should be opened now, up 12 percentage-points from the June 2021 survey.

Read More »

India & Japan report passenger demand performance only at 30% of pre-COVID levels: IATA

The International Air Transport Association (IATA) has announced passenger demand performance for June 2021, which shows total demand for air travel in June 2021 (measured in revenue passenger kilometers or RPKs) was down 60.1% compared to June 2019. The pandemic resurgence weighed also on passenger recovery in India and Japan – with both markets reporting RPKs only at ~30% of the pre-crisis levels.

Read More »

Airlines can’t take risk of operating unprofitable routes in short term: Wille Walsh, IATA

Willie Walsh, Director General, International Air Transport Association (IATA), speaking at the ATM 2021, said that the aviation industry will take time to repair their balance sheets. “Airlines are not going to be able to take the risk of operating unprofitable routes in the short term,” he said. He also warned that while those airlines that survive would fill the gaps left by those that fail, they would have to be careful how quickly they rebuild.

Read More »

Willie Walsh takes over as Director General IATA

The International Air Transport Association (IATA) has announced that Willie Walsh has officially taken on the role of Director General of the organization. He succeeds Alexandre de Juniac. “I am passionate about our industry and about the critical work that IATA does on behalf of its members, never more so than during the COVID-19 crisis. IATA has been at the forefront of efforts to restart global connectivity, including developing the IATA Travel Pass. Less visible but of equal importance, airlines continue to rely on IATA’s financial settlement systems, Timatic and other vital services to support their day-to-day operations. I am grateful to Alexandre for leaving behind a strong organization and a motivated team. Together, the IATA team is absolutely focused on restoring the freedom of movement that airlines provide to billions of people around the world. That means your freedom to visit friends and family, to meet critical business partners, to secure and retain vital contracts, and to explore our wonderful planet,” said Walsh.

Read More »
error: Content is protected !!