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International Air Transport Association News
International Air Transport Association
Airlines globally to lose $84.3 bn in 2020: IATA
Wed, Jun 10, 2020
"Financially, 2020 will go down as the worst year in the history of aviation. On average, every day of this year will add $230 million to industry losses. In total that`s a loss of $84.3 billion," IATA Director General and CEO Alexandre de Juniac said, in a statement.
Experts speak: Why India's air passenger growth may decelerate
Sun, Apr 07, 2019
As per the Directorate General of Civil Aviation (DGCA) data, on a YoY basis, growth rate in February stood at 5.62 per cent to 1.13 crore, while it was 9.10 per cent in January and 11.03 per cent in December 2018.
Aviation: India's September domestic air traffic up 20%: IATA
Tue, Nov 13, 2018
India`s domestic air passenger traffic grew in double digits for the 49th consecutive month in September, a global airline association said on Monday.
You may have to pay more for your air tickets and hotels in 2019
Tue, Jul 24, 2018
You may have to pay more for your air travel and hotel rooms in 2019. According to an industry forecast, cost of air travel is likely to go up by 2.6 percent and the hotel costs by 3.7 percent, inspite of downside risks from a trade war.
Aviation passenger demand stays strong in May as India, China log big growth
Sun, Jul 08, 2018
Geneva - The International Air Transport Association (IATA) says that global passenger traffic results for May (measured in revenue passenger kilometers, or RPKs) increased by 6.1% compared to the same month in 2017. Capacity climbed 5.9% and load factor rose 0.1 percentage point to 80.1%.
APAC airline industry may deliver USD 8 bn this year: IATA
Fri, Jun 29, 2018
The Asia-Pacific industry, including India, is expected to deliver a robust profit of over USD 8 billion this year, the International Air Transport Association has forecast.
India's tax on international air tickets against ICAO resolutions: IATA
Tue, Jun 05, 2018
According to the International Air Transport Association (IATA) Director General and CEO Alexandre de Juniac, India, which has helped to develop ICAO resolutions` prohibiting tax on international tickets, is now taxing them.
Booming aircraft leasing sector set for shakeout: AerCap CEO
Tue, Feb 06, 2018
The aircraft leasing industry could see a shakeout after years of fast growth as rising interest rates and intense competition put pressure on some of the newer entrants, the head of AerCap, the world`s largest plane leasing firm, said.
IATA warns airlines headed for crisis on rising infrastructure costs
Mon, Feb 05, 2018
The growing cost of airport infrastructure poses risks to the global airline industry`s profitability and growth, the head of the International Air Transport Association (IATA) said, adding a crisis due to inadequate infrastructure was brewing almost everywhere in the world.
IATA revises 2017 industry profitability outlook upwards to over $31 billion
Wed, Jun 07, 2017
The International Air Transport Association (IATA) on Tuesday revised its 2017 industry profitability outlook upwards to $31.4 billion. According to IATA, airlines are expected to report a $31.4 billion profit up from the previous forecast of $29.8 billion.
IATA questions laptop ban on some flights to US, UK
Wed, Mar 29, 2017
"The current measures are not an acceptable long-term solution to whatever threat they are trying to mitigate. Even in the short term it is difficult to understand their effectiveness. And the commercial distortions they create are severe," Alexandre de Juniac, IATA Director General and CEO, said.
High growth, maiden policy propel aviation sector
Thu, Dec 29, 2016
Minister of State for Civil Aviation Jayant Sinha elaborated that the sector has "dramatic headroom" for growth as India has only 150 million passenger trips a year as compared to China`s 450 million and the US` 800 million.