The International Air Transport Association (IATA) reported international scheduled traffic results for October 2009 showing continued improving conditions, although yields remain under serious pressure. Demand for both International cargo and passenger demand both rose to 0.5 per cent below October 2008 levels which is significantly better than the 5.4 per cent decline recorded in September. Load factors for cargo and passengers continue at pre-recession levels of 54.1 per cent and 78 per cent … [Read more...] about IATA: Slow improvement continues
IATA
Airline exec confidence returns
Airline executives expect improved results and a rebound in cargo volumes in the coming year, a "turning point" for a sector closely linked to economic trends, a survey released on Monday showed. The International Air Transport Association (IATA) said confidence had grown markedly among major carriers in Asia, Europe and the Americas. "This does look like a turning point," IATA said of the quarterly business confidence poll. … [Read more...] about Airline exec confidence returns
IATA sets broad agenda for the Middle East
The International Air Transport Association (IATA) has urged the air transport industry in the Middle East and North Africa (MENA) to focus on key challenges of growth, including safety, cost control, liberalization and the environment. Giovanni Bisignani, IATA’s director general and CEO, made the comments in a keynote address to the region’s leaders at the 42nd Annual General Meeting of the Arab Air Carriers Organization in Jeddah, Saudi Arabia. “The Middle East is … [Read more...] about IATA sets broad agenda for the Middle East
IATA growth not quite as good as it seems
The latest International Air Transport Association (IATA) figures for air cargo show a decline of 9.6 per cent year-on-year (y-o-y) in August compared to declines of 11.3 per cent in July and 16.5 per cent in June. But that improving trend is not quite as good as it seems. Remember that it was this time last year when cargo traffic first dipped into negative territory, and so y-o-y comparisons are starting to get better. Comparing traffic figures to 2007 – the peak of the market - … [Read more...] about IATA growth not quite as good as it seems
Air cargo upturn underway, but “fragileâ€Â
Signs of a clear, but fragile recovery in air cargo demand are being driven by companies restocking inventories which have run low, the International Air Transport Association (IATA) said on Thursday. But this pick up would remain “fragile†as long as economic recovery is driven by the inventory cycle, and not by increased consumption and business investment, IATA warned. International air freight demand was 11.3 per cent lower in July than the same month in 2008, a considerably … [Read more...] about Air cargo upturn underway, but “fragileâ€Â
US$6 billion 1H losses for airlines
Airlines around the globe lost more than US$6 billion during the first half of the year due to the economic crisis, even as fresh figures showed some signs of recovery in the passenger and freight business, International Air Transport Association (IATA) said this week. A sample of more than 50 airlines found their losses declined to $2 billion in the second quarter from $4 billion in the first quarter, according to IATA. The April-June period is usually a strong one for the industry. … [Read more...] about US$6 billion 1H losses for airlines
