2022 SAF Production Increases 200% – More Production Incentives Needed to Reach Net Zero
The International Air Transport Association (IATA) estimates that Sustainable Aviation Fuel (SAF) production will reach at least 300 million liters in 2022—a 200% increase on 2021 production of 100 million liters. More optimistic calculations estimate total production in 2022 could reach 450 million liters. Both scenarios position the SAF industry on the verge of an […]
Arriving at the Airport ‘Ready to Fly’ is Closer to Reality with New Industry Standards
The International Air Transport Association (IATA) has developed industry standards which will bring the aim of having travelers arrive at airports ready-to-fly one step closer to reality. The newly released Recommended Practice on Digitalization of Admissibility will enable travelers to digitally prove admissibility to an international destination, avoiding a stop at the check-in desk or […]
Airlines Cut Losses in 2022; Return to Profit in 2023
The International Air Transport Association (IATA) expects a return to profitability for the global airline industry in 2023 as airlines continue to cut losses stemming from the effects of the COVID-19 pandemic to their business in 2022. In 2023, airlines are expected to post a small net profit of $4.7 billion—a 0.6% net profit margin. […]
IATA-McKinsey Study Shows Imbalanced Aviation Value Chain
The International Air Transport Association (IATA) and McKinsey & Company published a study of profitability trends across the aviation value chain showing that profitability varies widely by sector. The study also shows that in aggregate, airlines underperform on the financial return that an investor would normally expect. While there is no clear path to rapidly […]
Headwinds Continue to Affect Air Cargo Demand in October
The International Air Transport Association (IATA) released data for October 2022 global air cargo markets showing that headwinds continue to affect air cargo demand. Global demand, measured in cargo tonne-kilometers (CTKs*), fell 13.6% compared to October 2021 (-13.5% for international operations). Capacity was 0.6% below October 2021. This was the first year-on-year contraction since April […]
October Passenger Demand & Forward Bookings Signal Continuing Recovery
The International Air Transport Association (IATA) announced that the recovery in air travel continued in October. Total traffic in October 2022 (measured in revenue passenger kilometers or RPKs) rose 44.6% compared to October 2021. Globally, traffic is now at 74.2% of October 2019 levels. Domestic traffic for October 2022 slipped 0.8% compared to the year-ago […]
IATA to Expand Environmental Assessment Certification to Airports and GSPs
The International Air Transport Association (IATA) has launched the IATA Environmental Assessment for Airports and Ground Service Providers (IEnvA for Airports and GSPs). Edmonton International Airport (YEG) is the first participant in the expanded IEnvA and will play a leadership role as the value chain aligns to ensure a sustainable future for air transport. IEnvA […]
Air Cargo Demand Softens in September
The International Air Transport Association (IATA) released data for September 2022 global air cargo markets showing that air cargo demand softened. Global demand, measured in cargo tonne-kilometers (CTKs*), fell 10.6% compared to September 2021 (-10.6% also for international operations), but continued to track at near pre-pandemic levels (-3.6%). Capacity was 2.4% above September 2021 (+5.0% […]
SAASA was recognized in the WCS and will be the first operator in the world with all IATA CEIV certifications
During the largest and most prestigious annual event, the World Cargo Symposium (WCS) of the International Air Transport Association (IATA), which took place in London, Servicios Aeroportuarios Andinos S.A. (SAASA) ratified its commitment to become the first air cargo warehouse in the world to have all five IATA certifications. Through the signing of an agreement […]
Air Cargo Demand Shows Resilience in August
The International Air Transport Association (IATA) released August 2022 data for global air cargo markets which demonstrated the industry’s resilience amid economic uncertainties. Global demand, measured in cargo tonne-kilometers (CTKs*), fell 8.3% compared to August 2021 (-9.3% for international operations). This was a slight improvement on the year-on-year decline of 9.7% seen in July. Capacity […]
