IATA Launches Aviation Security Intelligence Portal
The International Air Transport Association (IATA) launched the Security Risk Intelligence Portal (SRIP)—an incident reporting tool to help airlines mitigate and manage security risks. The portal also includes the latest state and airport restrictions and requirements imposed as a result of the COVID-19 crisis. SRIP was developed to improve real-time information-sharing among airlines, airports and […]
Continued Government Relief Measures Needed to get Airlines Through the Winter
The International Air Transport Association (IATA) warned that the airline industry faces a hard winter and called on governments around the world to continue providing relief measures as the COVID-19 crisis continues. Airlines are expected to post a loss of $84.3 billion in 2020 and government financial relief is a lifeline to many airlines. The […]
American Airlines Strengthens Requirement That Customers Wear Face Coverings on Board
American Airlines announced a stronger policy for customer face coverings as part of its commitment to the safety and well-being of customers and team members. American, like other U.S. airlines, already requires customers to wear a face covering while on board aircraft. American already enforces this policy at the gate and will deny boarding to […]
IATA re-ups calls on Latin American governments to support airlines
Commercial aviation association IATA has strengthened calls for Latin American governments to assist their respective airline industries in order to help them survive the coronavirus crisis that has brought the sector to a near-standstill. IATA, which represents 290 airlines worldwide, on 15 June strongly urged governments in Latin America to intervene on behalf of the […]
How Has COVID-19 Changed The Outlook For Low-Cost Carriers?
How has the COVID-19 pandemic changed the outlook for low-cost carriers (LCC)? Air Transport World Editor-in-Chief Karen Walker responds: Because the pandemic is global and has effectively grounded at least 80% of the fleets of most passenger airlines, the LCCs are mostly in the same position as any other airline: Their revenues have dried up, […]
Virgin Atlantic Believes Business Travel Will Take The Longest To Recover
The Chief Commercial Officer at Virgin Atlantic has shared some of his thoughts on the short-term future of aviation, saying that business travel will take the longest to recover post-pandemic. Speaking on June 4th, Juha Jarvinen said that though he was forecasting some travel would bounce back by 2021; it would be anything other than […]
Delta CEO Explains Why Travelers Can Fly With Confidence
Delta Air Lines CEO Ed Bastian believes travelers can «fly with confidence» right now. In a recent appearance on the «Conversations with Mike Milken» podcast, Bastian outlined all of the ways that the airline is working to ensure passenger safety amid the coronavirus pandemic. «In my opinion, consumers can fly with confidence and safety today,» […]
Latin America Must Restart Air Travel by July to Avoid Bankruptcies: Trade Group
Latin American countries should quicken steps for airlines to renew domestic flights no later than July before more companies are forced to declare bankruptcy or close, a high-ranking official of the International Air Transport Association (IATA) said on Thursday. The trade group estimated losses for airlines in Latin America at $4 billion this year, with […]
GOL to restore 20% of network
Brazil’s largest domestic airline GOL Linhas Aéreas plans to add additional capacity to its network in June, as well as reopening five more bases. The carrier operated 13 aircraft during May, with flight operations down by about 93% on the same month a year ago. However, there has been a steady increase in activity in […]
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 […]
