Airports Council International (ACI) World and the International Air Transport Association (IATA) have come together to call for governments to quickly grant financial relief to assist airport operators and airlines during the unprecedented COVID-19 crisis and support the essential connectivity the industry will provide for economic recovery. The industry is united with governments around the world in efforts to stop the spread of the virus, and, in the face of massive … [Read more...] about ACI and IATA call for urgent financial assistance to protect jobs and operations
IATA
Passenger demand plunges in March as travel restrictions take hold
The International Air Transport Association (IATA) announced global passenger traffic results for March 2020 showing that demand (measured in total revenue passenger kilometers or RPKs) dived 52.9% compared to the year-ago period. This was the largest decline in recent history, reflecting the impact of government actions to slow the spread of COVID-19. In seasonally adjusted terms, global passenger volumes returned to levels last seen in 2006. March capacity (available seat kilometers or ASKs) … [Read more...] about Passenger demand plunges in March as travel restrictions take hold
Slow recovery needs confidence boosting measures
The International Air Transport Association (IATA) called for governments to work with the industry on confidence-boosting measures in the face of an anticipated slow recovery in demand for air travel. An IATA-commissioned survey of recent travelers found that: 60% anticipate a return to travel within one to two months of containment of the COVID-19 pandemic but 40% indicate that they could wait six months or more 69% indicated that they could delay a return to travel until their … [Read more...] about Slow recovery needs confidence boosting measures
25 Million Jobs at Risk with Airline Shutdown
The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis. Globally, the livelihoods of some 65.5 million people are dependent on the aviation industry, including sectors such as travel and tourism. Among these are 2.7 million airlines jobs. In a scenario of severe travel restrictions lasting for three months, IATA research calculates that 25 million jobs in … [Read more...] about 25 Million Jobs at Risk with Airline Shutdown
Air Cargo Bottlenecks Could Put Lives at Risk
The International Air Transport Association (IATA) and its members renewed their call to governments to take urgent measures to ensure that vital air cargo supply lines remain open, efficient and effective. The COVID-19 crisis has seen almost the entire world-wide passenger aircraft fleet grounded; a fleet which normally transports almost half of total air cargo shipments. Airlines are scrambling to meet the gap between cargo demand and available lift by all means possible, including … [Read more...] about Air Cargo Bottlenecks Could Put Lives at Risk
Despite the decline in demand, November’s performance was the best in eight months, with the slowest year-on-year rate of contraction recorded since March 2019
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased by 1.1% in November 2019, compared to the same period in 2018. This marks the thirteenth consecutive month of year-on-year declines in freight volumes. Despite the decline in demand, November’s performance was the best in eight months, with the slowest year-on-year rate of contraction recorded since March 2019. In part, … [Read more...] about Despite the decline in demand, November’s performance was the best in eight months, with the slowest year-on-year rate of contraction recorded since March 2019