The International Air Transport Association (IATA) has announced that January 2010 demand for international scheduled air traffic showed continuing improvement, with international cargo demand up 28.3 per cent with only a 3.7 per cent increase in capacity. This pushed the cargo load factor to 49.6 per cent, a significant change from the 40.1 per cent recorded in January 2009. There are large geographical differences in the improvements. The strongest upturns have been seen in markets where … [Read more...] about IATA: January volumes continue upward trend
International Air Transport Association
2009 aviation 2nd-safest year in history
The International Air Transport Association (IATA) announced the aviation safety performance for 2009 showing that the year’s accident rate for Western-built jet aircraft as the second lowest in aviation history. The 2009 global accident rate (measured in hull losses per million flights) was 0.71. That is equal to one accident for every 1.4 million flights. This is a significant improvement of the 0.81 rate recorded in 2008 (one accident for 1.2 million flights), IATA said. The 2009 … [Read more...] about 2009 aviation 2nd-safest year in history
IATA: Slow improvement continues
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
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