Passenger Demand Recovery Continues On Track in October
The International Air Transport Association (IATA) announced that the ongoing recovery in passenger demand continued in October. Total traffic in October 2023 (measured in revenue passenger kilometers or RPKs) rose 31.2% compared to October 2022. Globally, traffic is now at 98.2% of pre-COVID levels. Domestic traffic for October rose 33.7% versus October 2022, driven by the triple-digit […]
Latam CEO Sees Two More Recovery Years For Latin American Airlines
Latin America’s airlines likely face two more years to return to “total normality,” Roberto Alvo, the CEO of the region’s largest carrier, Latam Airlines, warned Sunday. “The pressures that the industry has to bear … has not yet fully recovered and that means the industry has not yet left this major crisis behind,” he said […]
LATAM Airlines continues its operational recovery and shows significant progress in Chapter 11 during the second quarter
During the second quarter of 2022, LATAM group operations continued progressing on the recovery path as in the last quarters, hand in hand with the ease of travel restrictions in the region and a healthy demand for air travel. Despite the challenges presented by the sharp increase in fuel price during the three-month period, the […]
Blocked Airline Funds Could Slow Recovery
The International Air Transport Association (IATA) urged governments to abide by international agreements and treaty obligations to enable airlines to repatriate close to nearly $1 billion in blocked funds from the sale of tickets, cargo space, and other activities. “Governments are preventing nearly $1 billion of airline revenues from being repatriated. This contravenes international conventions […]
New tool assists airports to plan capacity increases as recovery continues
Airports Council International (ACI) World has today released a new tool to assist airports in terminal planning to increase capacity as the global recovery from the pandemic continues. The new Static Capacity Tool – developed by ACI World Business Partner Redwater Consulting Group – will assist by helping airports to evaluate the level of resource […]
Air Freight Recovery Strengthens
The International Air Transport Association (IATA) announced August 2014 data for global air freight markets showing continued robust growth in air cargo volumes. Measured by freight tonne kilometers (FTKs), volumes rose 5.1% in August, compared to August 2013. Capacity grew at a slower pace of 3.4% from the previous year. This is the second strong […]
Air Freight Markets Continue Recovery
The International Air Transport Association (IATA) released data for global air freight markets in February showing a 2.9% increase in demand compared to February 2013. The first two months of 2014 have seen an overall 3.6% improvement in demand over the previous year. This continues the strengthening in cargo markets which began in the second […]
Air Cargo Continues Moderate Recovery Uneven Growth across Regions
The International Air Transport Association (IATA) released figures showing a 6.1% growth in demand (measured in freight tonne kilometers or FTK) for air freight in November 2013 over the same month in the previous year. November"™s performance is an improvement on the 4.4% year-on-year demand expansion recorded in October. This continues an improvement trend in […]
Air Cargo Resumes Fragile Recovery
The International Air Transport Association (IATA) released figures showing a small improvement in air freight growth in October. Compared to October 2012, global freight tonne kilometers (FTK) grew 4.0%, with growth in all regions except Africa. The gradual expansion continues a trend that began in the third quarter as air freight markets have responded to […]
