COVID-19 Puts Over Half of 2020 Passenger Revenues at Risk
The International Air Transport Association (IATA) released updated analysis showing that the COVID-19 crisis will see airline passenger revenues drop by $314 billion in 2020, a 55% decline compared to 2019. On 24 March IATA estimated $252 billion in lost revenues (-44% vs. 2019) in a scenario with severe travel restrictions lasting three months. The […]
Trump: ‘Have to save the airlines!’
U.S. President Donald Trump said on Friday that American airlines must be saved, as his administration prepares to give them details this weekend about the terms of a $32 billion payroll grant to offset the impact of the coronavirus outbreak…
Which Airline Routes are Still in Operation Amid COVID-19?
As recently as March 1, 2020, over 2.2 million people were still flying per day, according to TSA checkpoint data. A little over a month later, the COVID-19 pandemic has escalated to the point where airlines have slashed up to 90 percent of their capacity and the TSA’s nationwide count for passengers screened per day […]
COVID-19: airport freight bottoms out but some steadying
While there may be very few passengers willing to fly anywhere right now – even if they could – and equally, few airlines there to take them, many eyes will be on developments in the airfreight sector, which struggled badly in 2019 as a result of trade wars and other factors. Supply lanes must be […]
Air Canada to immediately rehire more than 16,000 workers
More than 16,000 workers laid off by Air Canada last week in the wake of the COVID-19 pandemic are being hired back by the airline. The news — first reported by the Star — was confirmed in a press release by the airline. The announcement comes after discussions between federal officials, the airline and its […]
Airlines grateful for air traffic control charges delay
The International Air Transport Association (IATA) thanked Eurocontrol member states and European Air Navigation Service Providers (ANSPs) for agreeing to delay payments due for air navigation services in February through to May this year. The payments would have totalled more than 1.1 billion Euros. With airlines suffering from a severe liquidity crisis due to a […]
25 Million Jobs at Risk with Airline Shutdown
The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis. Globally, the livelihoods of some 65.5 million people are dependent on the aviation industry, including sectors such as travel and tourism. Among these are 2.7 […]
IATA Releases 2019 Airline Safety Report
The International Air Transport Association (IATA) announced the release of the 2019 Safety Report showing continuing improvements in airline safety compared to 2018 and to the preceding five years. All major 2019 safety performance indicators improved compared to 2018 and to the average of the 2014-2018 period as shown below: “The safety and wellbeing of […]
Air Cargo Demand Slumps in February as COVID-19 Takes Hold
The International Air Transport Association (IATA) released February 2020 data for global air freight markets showing that demand, measured in cargo tonne kilometers (CTKs*), decreased by 1.4% compared to the same period in 2019. Adjusting the comparison for the impact of the Lunar New Year, which fell in February in 2019, and the leap year […]
COVID-19: For Airlines, It Is Time To Give Nothing Less Than Their Best
As with every other major crisis facing the world, whether a global war or a pandemic, humanity prevails through unity, empathy, responsibility, and leadership. Tactical and momentary actions alone will not be enough, because we have to be prepared for a sustained period of strife. Governments and private sector organizations have a shared responsibility to […]
