The latest Airline Business Confidence Index from the International Air Transport Association has indicated carriers in Asia are more optimistic of a stabilisation of profitability over the next twelve months, compared with their counterparts in Europe and North America. The report noted that air cargo demand and yields continued to suffer in the last quarter of 2009, but "recent traffic results indicate that a floor may have been reached during the first half of the year with international FTKs … [Read more...] about IATA: Asia cargo carriers optimistic of rising demand
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MALAYSIA: Asia-Pacific carriers could be first to recover
Asia-Pacific carriers may be the first to recover from the dramatic industry downturn due to the lower household debt in Asia compared with the US andEurope, according to the International Air Transport Association’s chief economist. Asia-Pacific airlines may see recovery as early as 2010 – ahead of the rest of the industry – due to the lower household debt in the region compared to significantly higher household debt levels in the US and … [Read more...] about MALAYSIA: Asia-Pacific carriers could be first to recover
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
Dubai World faces construction problems
Five runways comprising mammoth project Dubai World Central Al Maktoum International Airport will be inaugurated earliest 1 June 2010, Emirates SkyCargo’s VP Cargo, Ram Menen told Payload Asia at the recent Transport Logistik exhibition in Munich. This means the opening of the gates of this prestigious facility will be at least more than 2.5 years behind original schedule. According to Roland Zibell of Switzerland-based ADI Consulting GmbH, who is responsible for planning the … [Read more...] about Dubai World faces construction problems
DOT withdraws controversial slot auctions
The US Department of Transportation (DOT) announced recently it intends to cancel proposed slot auctions at New York’s three main area airports, reversing a controversial rule put in place by DOT in the waning days of the Bush administration. The plan to requisition slots from airlines at JFK, LaGuardia and Newark and auction them to reduce delays had been tied up in court since it was proposed last fall following legal challenges by the Port Authority of New York and New Jersey, … [Read more...] about DOT withdraws controversial slot auctions
