IATA: Airlines perform well in October

December 14, 2017 by  
Filed under Aviation, EUROPE, News

GENEVA 14 December 2017: Global passenger traffic in October, measured in revenue passenger kilometres, rose 7,2% according to the latest International Air Transport Association (IATA) results.

IATA reported capacity grew 6.2% and load factor climbed 0.8 percentage points to 80.8%, which was a record for the month.

October’s performance was a strong bounce-back after the hurricane-related disruptions in September. Domestic and international travel growth largely was in balance. Read more

IATA offers rosy 2018 forecast

December 7, 2017 by  
Filed under Aviation, EUROPE, News

GENEVA, 7 December 2017: Led by US airlines, net profits in the aviation industry are set to rise by some 11% in 2018, the International Air Transport Association (IATA) said on Tuesday as it presented economic forecasts for the industry.

According to the forecast by the industry’s global trade association, combined net profits will hit USD38.4 billion, from a revised USD34.5 billion in 2017, with US carriers weighing in with almost half.

“Strong demand, efficiency and reduced interest payments will help airlines improve net profitability in 2018 despite rising (operating) costs,” said IATA, whose 280 members account for more than three quarters of global air traffic. Read more

IATA ready to roll out NewGen pay channel

November 30, 2017 by  
Filed under Aviation, News, Singapore

SINAGAPORE, 30 November 2017: A core channel used by travel agents to transfer ticket sales payments to airlines since the 1970s is about to undergo a major remake.

The International Air Transport Association (IATA), that represents the majority of airlines operating worldwide, manages what is known as the Bank Settlement Plan, but a recent resolution by member airlines will now herald the full adoption of the so-called New Generation of IATA Settlement Systems (NewGen ISS).

Roll out of NewGen ISS will start in March 2018, although some of the core pillars are already functioning in specific markets. Read more

Automated airports top wish list

November 14, 2017 by  

BARCELONA, 24 October 2017: Airline passengers expect technology to give them more personal control over their travel experience according to the International Air Transport Association’s 2017 Global Passenger Survey (GPS).

Based on 10,675 responses, worldwide, the survey provided insight into what passengers want from their air travel experience. Topping the list was a demand for more automation of airport processes.

Other items of the wish-list included the dissemination of information to mobile devices. Read more

Double the passengers by 2036

November 1, 2017 by  
Filed under Aviation, News

SINGAPORE, 1 November 2017: Airline passenger traffic will increase to 7.8 billion by 2036, near double the 4 billion air travellers forecast for this year.

The forecast released by the International Air Transport Association (IATA) last week, says the prediction is based on a 3.6% average compound annual growth rate (CAGR) identified in the latest update of the association’s 20-Year Air Passenger Forecast.

“All indicators lead to growing demand for global connectivity. The world needs to prepare for a doubling of passengers in the next 20 years,” said IATA’s director general and CEO, Alexandre de Juniac. Read more

Strong passenger growth in August

October 10, 2017 by  
Filed under Aviation, News

SINGAPORE 10 October 2017: Passenger demand grew  7.2% in August, according to the International Air Transport Association’s latest global traffic data, measured in total revenue passenger km, or RPKs.

At the same time, the upward trend in seasonally-adjusted traffic has eased from that seen at the end of 2016.

August capacity (available seat km or ASKs) increased by 6.3%, and load factor climbed 0.7% percentage points to 84.5%, which was just below the record for the month set in 2015. Read more

IATA: Air travel grows in July

September 21, 2017 by  
Filed under Aviation, News

GENEVA, 21 September 2017: Global passenger traffic in July showed a strong, but moderating demand growth with an increase of 6.8% in revenue passenger km, according to the latest figures from the International Air Transport Association.

All regions reported solid, or better growth, in passenger volumes over the past year. Capacity (available seat km or ASKs) increased by 6.1%, and load factor rose 0.6 percentage points to a July record of 84.7%.

“As is evidenced by the record high load factor in July, the appetite for air travel remains very strong. However, the stimulus effect of lower fares is softening in the face of rising cost inputs. This suggests a moderating in the supportive demand backdrop,” said  IATA’s director general and CEO. Alexandre de Juniac. Read more

Thailand ratifies aviation treaty

August 30, 2017 by  
Filed under Aviation, News, Thailand

BANGKOK, 30 August 2017: Thailand became the 127th country to ratify the Montreal Convention, earlier this month, that identifies an airline’s liability to its customers.

Established in 1999, travellers could be forgiven for thinking Thailand’s airlines were already adhering to all the convention’s facets of customer and passenger care.

According to IATA, the Montreal Convention (MC99) addresses issues that were left uncovered in the Warsaw Convention. Read more

Qatar CEO to chair IATA

August 29, 2017 by  
Filed under Aviation, News, People

DOHA, Qatar, 29 August 2017: Qatar Airways Group chief executive, Akbar Al Baker, has been elected chairman of the Board of Governors of the International Air Transport Association, effective June 2018.

The rotating one-year term will commence at the close of IATA’s 2018 Annual General Meeting in Sydney and will continue until the end of the 2019 AGM.

Al Baker will succeed current IATA BoG chairman, Goh Choon Phong, chief executive officer of Singapore Airlines. Read more

Airlines enjoy robust Q2

August 24, 2017 by  
Filed under Aviation, News

SINGAPORE, 24 August 2017: IATA reports more robust results for airlines during the second quarter of 2017.

Initial airline financial results outlined in IATA’s July Financial Monitor show Q2 2017 turned out better for airlines, suggesting the squeeze on profit margins from higher costs and weak yields peaked in the first quarter of the year.

IATA noted that  passenger yields, having trended downwards since 2013, have now started to trend upwards. Read more

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