IATA reported an 11% increase in global passenger demand in April 2024, underscoring optimism for the summer travel season. The International Air Transport Association (IATA) has published the following figures: Total demand, measured in passenger mileage revenue (RPK), increased by 11% compared to April 2023. Total capacity, measured in available seat kilometres (ASK), grew by […]
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The International Air Transport Association (IATA) announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. Highlights include: Airline industry net profits are expected to reach $9.8 billion in 2023 (1.2% net profit margin) which is more than double the previous forecast of $4.7 billion (December 2022). Airline industry […]
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The International Air Transport Association (IATA) reported that air travelers are increasingly frustrated with the COVID-19 travel restrictions. A survey commissioned by IATA of 4,700 respondents in 11 markets in September demonstrated confidence that the risks of COVID-19 can be effectively managed and that the freedom to travel should be restored. 67% of respondents felt […]
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The International Air Transport Association (IATA) announced its latest outlook for airline industry financial performance showing improved results amid the continuing COVID-19 crisis: Net industry losses are expected to reduce to $11.6 billion in 2022 after a $51.8 billion loss in 2021 (worsened from the $47.7 billion loss estimated in April). Net 2020 loss estimates […]
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The International Air Transport Association (IATA) called for an end to wildly inconsistent COVID-19 travel restrictions that are stalling the recovery of air transport. It urged governments to implement simplified regimes to manage the risks of COVID-19 as borders re-open to international travel. “Travel restrictions bought governments time to respond in the early days of […]
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The International Air Transport Association (IATA) warned that free movement within Europe is being compromised by the failure of EU member states to harmonize COVID-19 entry regulations. As a result, the reopening of borders is confusing travelers and businesses and not delivering the expected benefits in terms of easier travel and economic recovery. IATA research […]
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The International Air Transport Association (IATA) announced that both international and domestic travel demand showed significant momentum in July 2021 compared to June, but demand remained far below pre-pandemic levels. Extensive government-imposed travel restrictions continue to delay recovery in international markets. Because comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact […]
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The International Air Transport Association (IATA) released the IATA World Air Transport Statistics (WATS) publication with performance figures for 2020 demonstrating the devastating effects on global air transport during that year of the COVID-19 crisis. 1.8 billion passengers flew in 2020, a decrease of 60.2% compared to the 4.5 billion who flew in 2019 Industry-wide air travel demand […]
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The International Air Transport Association (IATA) announced passenger demand performance for June 2021 showing a very slight improvement in both international and domestic air travel markets. Demand remains significantly below pre-COVID-19 levels owing to international travel restrictions. As comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise […]
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The International Air Transport Association (IATA) branded the European Commission’s (EC) decision to set the winter slot use threshold at 50% as “out of touch with reality,” and argued that the EC had ignored the advice and evidence presented by EU member states and the airline industry, which had made the case for a much […]
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