Industry Losses to Top $84 Billion in 2020
The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%. Revenues will fall 50% to $419 billion from $838 billion in 2019. In 2021, losses are expected to be cut to […]
Remarks of Alexandre de Juniac at the IATA Media Briefing on COVID-19
Brian Pearce, our Chief Economist has explained the current situation that the global air transport industry finds itself in. First, let me reassure you that the global air transport industry is responsibly responding to this global pandemic. We are not public health experts, but airlines are following the best advice of experts—including the WHO—in adapting […]
7 airport and airline sustainability initiatives that can reduce the impact on the environment
The impact of the air transport industry on the environment is significant. There’s no denying that airlines rely heavily on single-use plastics with more than 5 million tonnes of cabin waste created in a single year, according to IATA. However, recent initiatives, from tackling carbon emissions to reducing single-use plastic both on the ground and […]
Aviation Leaders Assemble in Seoul for IATA’s 75th Annual General Meeting
The International Air Transport Association (IATA) announced that leaders of the global air transport industry are gathering in Seoul, Republic of Korea, for the 75th IATA Annual General Meeting (AGM) and World Air Transport Summit (WATS). Hosted by Korean Air, and held for the first time in the Republic of Korea, the event is expected […]
How data, customisation and automation will shape the next generation of airport terminal design
“Airport of the future” has become something of a buzzword in the air transport industry. While technology continues to develop and the expectations of today’s connected passengers keep shifting, the airport terminal is also constantly changing. To learn more about the latest trends in airport terminal design and the technological advancements that will drive future […]
