IATA: Industry Losses to Top $84 Billion in 2020
Geneva – 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 … Continue reading IATA: Industry Losses to Top $84 Billion in 2020
IATA: Air Cargo Capacity Demand Plummets
Geneva – The International Air Transport Association (IATA) released data for global air freight markets in April showing that demand dropped 27.7% compared to the same period in 2019 – the sharpest fall ever recorded. Still, there was insufficient capacity to … Continue reading IATA: Air Cargo Capacity Demand Plummets
Implementation of ICAO COVID-19 Guidelines Needed
Geneva – The International Air Transport Association (IATA) urged governments to quickly implement the International Civil Aviation Organization’s (ICAO’s) global guidelines for restoring air connectivity. Today, the ICAO Council approved Takeoff: Guidance for Air Travel through the COVID-19 Public Health Crisis (Takeoff). This … Continue reading Implementation of ICAO COVID-19 Guidelines Needed
ACI and IATA: Roadmap for Aviation Industry Restart
Montreal/Geneva – Airports Council International (ACI) World and the International Air Transport Association (IATA) have called on governments to ensure any new measures introduced for airports and airlines in the wake of COVID-19 are supported by scientific evidence and are consistent … Continue reading ACI and IATA: Roadmap for Aviation Industry Restart
IATA: Conrad Clifford new VP for Asia-Pacific
Geneva/Singapore – The International Air Transport Association has appointed Conrad Clifford as Regional Vice President for Asia Pacific. Clifford joins IATA on 1 February and will be based in its Asia Pacific Regional Office in Singapore. He succeeds Maunu von Lueders, who is … Continue reading IATA: Conrad Clifford new VP for Asia-Pacific