Industry Celebrates its Centennial in the Black Profitability Weak but Still Making Major Economic Contribution
The International Air Transport Association (IATA) launched the Economic Performance of the Airline Industry report outlining how air transport is adding value for consumers, the wider economy, governments, and investors. The report illustrates how the airline industry continues to improve profitability through efficiency gains while connecting more cities, lowering transport costs, supporting jobs, and making […]
Shippers voice concerns to air cargo industry
Shippers revealed the challenges of the air cargo industry in a panel Monday at the CNS Partnership Conference in San Antonio, Texas. Des Vertannes, global head of cargo at the International Air Transport Association, moderated the panel. He said one issue is air cargo "“ the mode that shippers pay the most for "“ is […]
Making a Safe Industry Even Safer
The International Air Transport Association (IATA) has called on governments and industry to focus on partnerships, data analysis and runway safety in the ongoing quest to make flying even safer. IATA"™s Director General and CEO, Tony Tyler, made the call in a keynote address at the opening of the IATA OPS Conference, in Kuala Lumpur. […]
Strong Performance Sustains Profitability 1.8% Net Margin Despite Weak Economies and High Oil Prices
The International Air Transport Association (IATA) upgraded its global outlook for the airline industry to a $12.7 billion profit in 2013 on $711 billion in revenues. This is $2.1 billion better than the $10.6 billion profit projected in March of this year and an improvement on the $7.6 billion profit generated in 2012. Margins remain […]
