IATA has upped the guidance on the profits that the aviation industry will make in 2024, but warns that the margins are wafer thin as they stand.
Airlines generate USD 1 Trillion Revenue, but only 3% profit margins: IATA
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Commercial aviation signs on to be Net Zero on Carbon Emissions by 2050
IATA, the industry association for airlines around the globe, is committing to making aviation sustainable and “net-zero” of emissions by 2050. Here is how they plan to do it.
IATA expects air travel industry to close 2020 with $118 billion loss
IATA predicts 2020 to be one of the gloomiest periods for aviation since World War 2, and airline profitability to nosedive to USD 118 billion losses in 2020.
Low Risk for COVID-19 Transmission Inflight: IATA
Is flying safe in the times of CoVid-19? A recent research study by IATA and the three airframe manufacturers, conducted individually, reached to the same conclusion: Flying is safe. Here are the details.
European Airlines get another extension of their slots for the Northern Winter 2020 Schedule, says IATA
IATA and the various airline organisations representing the interests of European airlines may have found a potential way to stop the upheaval of their schedules in Winter 2020 and arrived at an agreement to keep their slots till early 2021.
IATA predicts air travel won’t recover (to 2019 levels) till 2024
IATA, the global air travel body which has most airlines as members, stated in a call with journalists that they foresee the recovery of aviation by a year, given how it has been not able to jumpstart due to the coronavirus after so many months.
IATA projects $84 billion losses for airlines in 2020
IATA, the industry body of airlines has predicted that aviation will see sharp losses in the days ahead. For 2020, that would mean about USD 84 billion of losses at an aggregate level, and for 2021, about $15 billion in losses, if a second wave of the Virus does not come through.
IATA predicts a USD 314 Billion loss of passenger revenue in 2020 due to CoVid-19
At a weekly press conference about the CoVid-19 impact on aviation, IATA predicts that there will be a USD 314 billion dollar drop of revenue from passenger traffic in 2020, compared to 2019. This is a much higher number as compared to their original prediction made three weeks ago.
IATA: 25 million job at risk due to CoVid-19
IATA predicts 25 million jobs related to aviation are at risk due to the CoVid-19 crisis. These include 11.2 million jobs in Asia Pacific region itself. It seems it will be a long winter ahead for aviation.
IATA expects 2020 to be better than 2019 for the global aviation industry!
The global aviation industry is not growing very profitably, apart from North America. But yet, coming 2020, things might get better. Find out how.
Breaking: Kingfisher gets suspended from IATA again [updated]
Kingfisher Airlines does it again. Its almost like they are all listening to Britney Spears’ Oops I did it again. Ok, bad one! IATA has, for the second time in two months, suspended Kingfisher Airlines from their membership. This means all IATA affiliated travel agents cannot sell Kingfisher Airline tickets anymore. The airline promised to issue a statement shortly. Here is the Reuters report which talks about this. The last time around, Kingfisher Airlines took a long while to get reinstated into IATA. They blamed their problems on financial systems not working properly hence payments not reaching the IATA. Some member airlines had stopped honor tickets issued on Kingfisher Airlines stock. So, if you are booked by KFA on any other carrier,…
