Archive for the ‘IATA’ Category
Air Transport Markets Weaken in November
Geneva – The International Air Transport Association (IATA) announced global traffic results for November showing a softening in passenger markets while air cargo markets remained weak compared to levels attained earlier in the year. Passenger traffic was 4.3% above November 2010 levels but this is...
January 21st, 2012 | Default, Featured, IATA | Read MoreIndian Aviation industry in 2011
A v i a t i o n e x p e r t s projected that though air traffic would continue to grow strongly, financial recovery of the airline industry would be slow. The Indian aviation industry faced a paradoxical situation in 2011 suffering huge losses in the face of a burgeoning domestic air traffic, as it battled...
January 20th, 2012 | Default, IATA | Read MoreAirline Industry’s profit out look down on Europe’s Crisis
The International Air Transport Association (IATA) announced revisions to its industry outlook. For 2011, profitability remains weak but unchanged at $6.9 billion for a net margin of 1.2%. Looking ahead to 2012, IATA downgraded its central forecast for airline profits from $4.9 billion to $3.5 billion...
December 20th, 2011 | Default, IATA | Read MorePassenger Traffic Rises in September but Freight Declines
The International Air Transport Association (IATA) announced traffic results for September showing diverging trends for cargo and passenger traffic. Passenger traffic was 5.6% higher than the same month last year and stronger than the 4.6% yearon- year growth recorded in August. Air freight on the other...
November 22nd, 2011 | Default, IATA | Read MoreTSA chief to appear before committee of law makers
Transportation Security Administ ration chief John Pistole will face another committee of lawmakers as the agency recovers from the latest firestorm about its airport security procedures. Pistole will appear before the Senate Commerce, Science and Transportation Committee to update lawmakers on TSA’s...
November 22nd, 2011 | Default, IATA | Read MoreInnovative Airline-Airport Relationship
The International Air Transport Association (IATA) called for innovation and a renewed agenda of cooperation in the relationship between airports and airlines. “We need a common and forwardlooking agenda that builds on past successes and puts innovation at the heart of our common issues. Airports and...
November 22nd, 2011 | Default, Featured, IATA | Read MoreSriLankan Airlines reduces loss
SriLankan Airlines has cut its net losses to Rs 202 million (US$1.8 million) in the 2010/11 financial year from Rs 6 billion ($54.5 million) a year earlier. Its cost-cutting programme means the carrier can speed towards enhancing its cargo subsidiary’s global network and hub operation, increasing...
October 25th, 2011 | Default, IATA | Read MoreAir India may go for scrapping first class seats…
ir India may reduce or even do away with its first-class seats on mo s t i n t e r n a t i o n a l f l i g h t s depending on the outcome of an internal study it is conducting to reconfigure seats on its fleet to boost revenue. Air India also plans to reschedule timing of some of its US flights, such...
October 25th, 2011 | Default, IATA | Read MoreEmirates for 777 upgrade
Emirates wants Boeing to come up with a better version of the 777 in the next six months and have it ready to enter service by 2018, Emirates president Tim Clark said. The airline is Boeing’s largest 777 customer with around 100 of the aircraft in the fleet, and a further 40 still to come. Retirements...
October 25th, 2011 | Default, IATA | Read MoreIATA Warns Air Traffic Management Improvement
The International Air Transport Association (IATA) warned that states are falling behind in their commitments to improve Europe’s notoriously inefficient air traffic management. According to the latest independent Performance Review Body (PRB) report and the draft recommendations from the European...
October 25th, 2011 | IATA | Read More
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