Chief economist Brian Pearce will retire from the International Air Transport Association (IATA) in July 2021, after 17 years with the trade association, and a recruitment process has been launched, a press release confirmed. Since joining the organisation in 2004, Pearce, who also serves on the strategic leadership team, has built IATA’s evidence-based economic analysis capabilities into the most authoritative source of insight on aviation’s global performance. Alexandre de Juniac, IATA’s … [Read more...] about IATA’s chief economist Pearce to retire in July
Alexandre de Juniac
IATA’s de Juniac to step down next year
The International Air Transport Association announced that Alexandre de Juniac, Director General and CEO, will step down from his role with the trade association effective 31 March 2021. De Juniac, who joined IATA in September 2016, made his intention known several months ago which enabled a search process to facilitate a smooth leadership transition. The IATA Board of Governors will recommend Willie Walsh, former CEO of IAG Group, as its eighth Director General effective 1 April 2021 … [Read more...] about IATA’s de Juniac to step down next year
Capacity crunch stalls air cargo demand in August
Global air freight markets showed slow improvement amidst insufficient capacity, data from the International Air Transport Association (IATA) revealed. Asia Pacific airlines, in particular, saw air cargo demand fall 18.3 percent in August compared to the same period a year earlier, with capacity down 35 percent in the region. On a month-on-month basis, IATA said global demand moved slightly in a positive direction but at a slower pace than some of the traditional leading indicators would … [Read more...] about Capacity crunch stalls air cargo demand in August
May passenger demand shows slight improvement, says IATA
The International Air Transport Association (IATA) announced that passenger demand in May (measured in revenue passenger kilometers or RPKs), dropped 91.3 percent compared to May 2019. This was a mild uptick from the 94 percent annual decline recorded in April 2020. The improvement was driven by the recovery in some domestic markets, most notably China. “May was not quite as terrible as April. That’s about the best thing that can be said. As predicted, the first improvements in passenger … [Read more...] about May passenger demand shows slight improvement, says IATA
Continued government relief measures needed to get airlines through the winter
The International Air Transport Association (IATA) warned that the airline industry faces a hard winter and called on governments around the world to continue providing relief measures as the COVID-19 crisis continues. Airlines are expected to post a loss of $84.3 billion in 2020 and government financial relief is a lifeline to many airlines. The bulk of airlines make their money in the northern summer season, while the winter season, even in the best of times, is a struggle to remain … [Read more...] about Continued government relief measures needed to get airlines through the winter
Industry losses to top $84 billion in 2020, says IATA
The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1 percent. Revenues will fall 50 percent to $419 billion from $838 billion in 2019. In 2021, losses are expected to be cut to $15.8 billion as revenues rise to $598 billion. “Financially, 2020 will go down as the worst year in the history of aviation. On average, every day of this … [Read more...] about Industry losses to top $84 billion in 2020, says IATA
