IATA to UK Transport Select Committee: Cut APD on domestic flights
In comments to the UK Transport Select Committee, IATA Regional Vice President for Europe, Rafael Schvartzman, called for Air Passenger Duty to be cut on UK domestic return journeys, in order to encourage the regional connectivity that an expanded Heathrow airport could offer. «Airlines in Europe are operating on a 5% margin, so any additional […]
CNS and PayCargo sign Agreement to provide Air Cargo Industry online payment platform for Imports in the U.S.
Cargo Network Services Corp. (CNS), a subsidiary of the International Air Transport Association (IATA)"‹, which is dedicated to the entire air logistics chain by providing a unique set of business solutions that meet the requirements of the Air Cargo Industry in the United States, and PayCargo LLC, which operates a patented online payment system in […]
Brussels confirms UK flights to the EU WILL be grounded in 2019 if Brexit deal isn"™t agreed
BRITISH airlines will lose all flying rights to the European Union if there is no transition agreement after Brexit, Brussels has warned. In a notice to all airlines, the European Commission said UK air carriers would no longer enjoy traffic rights under any air transport agreement to which the EU is a party. This means […]
IATA ropes in global airline industry to fight human trafficking
The International Air and Transport Association (IATA) has called on governments and law enforcement agencies around the world to provide clear and anonymous mechanisms for airline staff members to report potential human trafficking situations. The request comes after IATA recently pledged to mobilise the airline industry in the fight against human trafficking that the International […]
ALTA traffic report october 2017
The Latin American and Caribbean Air Transport Association (ALTA) announced today that Latin America and Caribbean airlines carried 20.9 million passengers in October, up 3.9% – or 790,546 more passengers – from the previous year. Traffic (RPK) grew 8% and capacity (ASK) increased 4.3%, bringing up the load factor to 85.8%, 3 percentage points higher […]
IATA Sees Good Times Continuing for Airlines
Airlines expect to record their fourth consecutive year of "sustainable profit" in 2018 on continued rising passenger growth and cargo, International Air Transport Association (IATA) leaders reported at the airline trade association"™s annual media day. Forecasts suggest a 6 percent increase in business travelers, to 4.3 billion, despite a 3 percent increase in ticket prices, […]
Airline Earnings to Jump 11% as Fares Rise and Cargo Rebounds
Global airline earnings this year will top previous forecasts and surge to a record in 2018, spurred by higher fares and burgeoning cargo demand, according to the industry"™s main trade group. Net income for 2017 is likely to total $34.5 billion, $3.1 billion higher than forecast in June, the International Air Transport Association said Tuesday […]
Strong Airline Profitability Continues in 2018 Operating Margins Squeezed by Rising Costs
The International Air Transport Association (IATA) forecasts global industry net profit to rise to $38.4 billion in 2018, an improvement from the $34.5 billion expected net profit in 2017 (revised from a $31.4 billion forecast in June). Highlights of expected 2018 performance include: A slight decline in the operating margin to 8.1% (down from 8.3% […]
Emirates Airlines named "˜launch customer"™ of IATA"™s Dangerous Good Regulations for Electronic Flight Bags
The International Air Transport Association (IATA) named on Monday Emirates Airlines as the launch customer for its Dangerous Goods Regulations (DGR) for Electronic Flight Bags (eFB) format, which aims to help flight crews pre-check and identify dangerous good shipments. The eFB format was designed to enable flight crews to easily access information about dangerous goods […]
IATA, ALTA Sign MoU with Argentine Government to Promote Competitive Air Transport
The International Air Transport Association (IATA) and the Latin America and Caribbean Air Transport Association (ALTA) signed a Memorandum of Understanding (MoU) with the Argentine government to optimize air transport competitiveness in Argentina. The MoU was signed by Guillermo Dietrich, Argentina"™s Transport Minister; Peter Cerda, IATA"™s Regional Vice President for the Americas and Luis Felipe […]
