Hit by the global recession and the drastic drop in transport demand, Singapore Airlines Ltd (SIA) had earlier in the year decommissioned 17 aircraft in the financial year starting in April, as the carrier prepared to face a “very difficult†2009. The airline also slashed routes, merged flights, cut fuel surcharges three times since September and reorganised its network in a bid to balance supply and demand requirements. According to a SIA Cargo spokesperson, the … [Read more...] about SIA Cargo weathers the storm
IATA
Aviation’s green imperative
“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
IATA: Asia cargo carriers optimistic of rising demand
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
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
