“For some, this was a shock,†acknowledges Bisignani. “But we have a great track record of turning dreams into reality. In 50 years, we moved from the Wright brothers’ Flyer to the jet age. “Potential building blocks for a carbon-free future already exist,†he proffered, pointing to the existence of fuel cell technology, a solar-powered aircraft that is currently being built and the ability to make fuel from biomass like algae. And all this exists … [Read more...] about Aviation’s green imperative
Giovanni Bisignani
MALAYSIA: IATA revises airline losses upwards to US$9 billion
The International Air Transport Association (IATA) has predicted that the world’s scheduled airlines could lose as much as US$9 billion in 2009 – nearly twice the level of losses it forecast just three months ago – and has revised its 2008 loss estimate upwards to $10.4 billion from the previous estimate of $8.5 billion. In his ‘State of the Industry’ address to 500 of the industry’s top leaders gathered in Kuala Lumpur for the 65th … [Read more...] about MALAYSIA: IATA revises airline losses upwards to US$9 billion
Decline slows, but no recovery in sight: IATA
The International Air Transport Association (IATA) has released its international traffic data for April which shows air freight continuing at very weak levels. International cargo was down 21.7 per cent in Aprilcompared to previous year levels. This is the fifth consecutive month in the -20 per cent range. “This sideways progression may indicate that we have seen the worst of the economic downturn,†IATA said in a statement. “Business confidence is improving, but … [Read more...] about Decline slows, but no recovery in sight: IATA
Cargo drop stabilised but Swine flu new threat
A stabilisation of global inventory levels has helped stabilise air freight demand and halted the freefall according to the International Air Transport Association (IATA) as it warned that concerns over a swine flu pandemic could have a significant impact on air traffic. IATA's latest statistics show that air cargo demand has "moved sideways" in the -21 to -24 per cent range since its plunge from -7.9 to -23.2 per cent between October last year and January 2009. Freight demand in March was … [Read more...] about Cargo drop stabilised but Swine flu new threat
IATA ups ’09 forecast with $4.7B industry loss
Estimated losses for the global air industry are expected to nearly double from December's forecast for 2009 as air carriers grapple with the worst crisis in over 60 years, with the International Air Transport Association (IATA) saying a significant recovery in 2010 would "require more optimism than realism". The IATA has announced a revised outlook for the global air transport industry with losses of US$4.7 billion in 2009, significantly worse than its December forecast of US$2.5 billion in … [Read more...] about IATA ups ’09 forecast with $4.7B industry loss
IATA ups '09 forecast with $4.7B industry loss
Estimated losses for the global air industry are expected to nearly double from December's forecast for 2009 as air carriers grapple with the worst crisis in over 60 years, with the International Air Transport Association (IATA) saying a significant recovery in 2010 would "require more optimism than realism". The IATA has announced a revised outlook for the global air transport industry with losses of US$4.7 billion in 2009, significantly worse than its December forecast of US$2.5 billion in … [Read more...] about IATA ups '09 forecast with $4.7B industry loss
