Tag Archives: IATA

IATA March passenger and air freight data; have we bottomed out?

Data for March 2009 released by the International Air Transport Association (IATA) for scheduled international traffic shows continued declines. Passenger demand fell to 11.1% below March 2008 levels while airlines cut international passenger capacity by 4.4% resulting in an average load factor of 72.1% a 5.4% decline from March 2008. Air freight demand, a crucial indicator of global economic activity …

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IATA report on airline performance should set panic bells ringing in government

Airline body, International Air Transport Association (IATA) announced international scheduled traffic results for January showing a deepening year-on-year demand slump. International passenger demand fell by 5.6% in January 2009 compared to the same month in 2008, a full percentage point worse than the 4.6% year-on-year drop recorded in December, and the fifth consecutive month of contraction. Air cargo is a …

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IATA: Air cargo performance even worse than post 9/11. The FUD factor at work.

SCARY!!!!, there is no other word to describe the performance numbers and the forecast from IATA, the association representing 93% of the global commercial air transport industry. For the month of December, it is now official — ALL regions of the world, have reported major declines in cargo performance in December 2008 when compared to December 2007. Across the globe, …

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British Airways’ December performance reflects global trade meltdown

British Airways today, reported its performance for December 2008. The airline’s performance is in line with IATA’s November 2008 report, which highlights a deepening of the global economic slowdown. Capacity declines are in line with actual performance. Compared to December 2007, passenger capacity, measured in Available Seat Kilometres (ASK), was down 3 percent, Actual passenger performance, measured in Revenue Passenger …

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Shocking drop in global air cargo confirms global economic meltdown

The recently announced results by The International Air Transport Association (IATA), is nothing short of shocking. International air cargo is down by a whopping 13.5 per cent in November when compared to November 2007, and passenger growth is down by 4.6 per cent. Graph legendRPK – Revenue Passenger Kilometres (sales)ASK – Available Seat Kilometres (capacity)FTK – Freight Ton Kilometres (sales)ATK …

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IATA working on document calling for foreign carriers to buy in to domestic airlines

According to a PTI report, the International Air Transport Association (IATA) is working on a non-binding document for its member airlines calling for foreign ownership, saying that the aviation industry should be allowed to run like any other business like automobiles or telecom. IATA is planning to urge all governments to have a re-look at allowing foreign airlines to pick …

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IATA forecasts a grim 2009

The International Air Transport Association (IATA) painted a grim forecast for the airline industry as it announced its forecast for 2009 showing an industry loss of US$2.5 billion. All regions, except the US, are expected to report larger losses in 2009 than in 2008. Forecast highlights are: Industry revenues are expected to decline to US$501 billion. This a fall of …

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U.K. To Raise Air Passenger Duty

The United Kingdom Treasury Monday said it plans to increase air passenger duty rates by length of haul and class of service on Nov. 1, 2009, instead of its previous per-plane tax proposal. The United Kingdom said it is moving from two to four “distance bands” in efforts to “improve environmental signals.” The new air passenger duties, set to take …

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IATA reports alarming drop for international traffic

According to the Centre for Asia Pacific Aviation, the International Air Transport Association (IATA) has announced global international traffic results for September, with passenger traffic declining 2.9%, compared to the same month in 2007. International load factors tumbled by 4.4% percentage points from August to 74.8% in September. Giovanni Bisignani, IATA鈥檚 Director General and CEO said, 鈥淭he deterioration in traffic …

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Travel agent commission, Calcutta High Court issues status quo order

Krupa Vora of TravelBizMonitor reports, of a significant development, which has national implications. Travel agents will continue to receive commissions on the sale of airline tickets till the Calcutta High Court passes judgement in the suit filed by a TAFI member agent in Kolkata. The TAFI member agent (plaintiff) filed a suit in Calcutta High Court early last week against …

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IATA figures confirm global aviation slowdown

The Centre for Asia Pacific Aviation reports that the International Air Transport Association (IATA) released international traffic data for Aug-08 that confirmed a continuing downturn. International passenger demand growth slowed to 1.3%, following disappointing growth of 1.9% in July. Passenger load factors fell to 79.2% a sharp drop-off from the 81% recorded during the same period last year as capacity …

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