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
IATA
IATA proposes alternatives to quarantine
The International Air Transport Association (IATA) urged governments to avoid quarantine measures when re-opening their economies. IATA is promoting a layered approach of measures to reduce the risk of countries importing COVID-19 via air travel and to mitigate the possibility of transmission in cases where people may travel while unknowingly being infected. “Imposing quarantine measures on arriving travelers keep countries in isolation and the travel and tourism sector in lockdown. … [Read more...] about IATA proposes alternatives to quarantine
IATA releases criteria for COVID-19 testing in the air travel process
The International Air Transport Association (IATA) released criteria for the use of COVID-19 testing in the travel process. Should governments choose to introduce COVID-19 testing for travelers arriving from countries considered as high risk, testing must deliver results fast, be able to be conducted at scale, and operate to very high rates of accuracy. Additionally, testing must be cost-effective and not create an economic or logistical barrier to travel. The International Civil Aviation … [Read more...] about IATA releases criteria for COVID-19 testing in the air travel process
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
IATA interactive map gives travelers latest COVID-19 restrictions with real-time alerts available
The International Air Transport Association (IATA) introduced a free online interactive world map to provide travelers with the latest COVID-19 entry regulations by country. The map relies on IATA’s Timatic database which contains comprehensive information on documentation required for international travel. To keep pace with the dynamic situation with respect to COVID-19, Timatic is updated more than 200 times per day to provide accurate travel restrictions specific to the current pandemic, … [Read more...] about IATA interactive map gives travelers latest COVID-19 restrictions with real-time alerts available
Cathay Pacific announces HK$39 billion in recapitalisation financing
Cathay Pacific today announced a recapitalisation plan that will help it maintain its competitiveness and operations while continuing its commitments to Hong Kong as an international aviation, financial and commercial hub. This three-part plan is designed to provide Cathay Pacific with sufficient funds to withstand the industry-wide downturn and a stable financial platform from which it will be able to conduct the wholesale review of operations required to transform its business to reflect … [Read more...] about Cathay Pacific announces HK$39 billion in recapitalisation financing
