The International Air Transport Association (IATA) emphasised the aviation industry’s commitment to its emissions reduction goals and called for the International Energy Agency (IEA) to prioritize investment in sustainable aviation fuel (SAF) to help power aviation’s contribution to the post-COVID-19 recovery. IATA’s call comes on the eve of the IEA Clean Energy Transitions Summit which will meet virtually to debate moves toward a low-carbon future. The IEA is well placed to promote SAF … [Read more...] about Post-COVID-19 green recovery must embrace sustainable aviation fuels
International Air Transport Association
IATA traveler survey reveals COVID-19 concerns
The International Air Transport Association (IATA) released public opinion research showing the willingness to travel being tempered by concerns over the risks of catching COVID-19 during air travel. The industry’s re-start plans address passenger’s main concerns. Concerns for travel during COVID-19 Travelers are taking precautions to protect themselves from COVID-19 with 77 percent saying that they are washing their hands more frequently, 71 percent avoiding large meetings and 67 percent … [Read more...] about IATA traveler survey reveals COVID-19 concerns
New General Counsel at IATA as Jeff Shane retires
The International Air Transport Association (IATA) announced that Karen Clayton has taken on the duties of General Counsel in addition to her responsibilities as Corporate Secretary effective today, 1 July 2020. Jeff Shane retired as IATA’s General Counsel on 30 June 2020 after seven years of service. “The entire aviation world owes a huge debt of gratitude to Jeff, who joined IATA after a distinguished 25-year career in public service and another 15 years in private practice. While in public … [Read more...] about New General Counsel at IATA as Jeff Shane retires
IATA welcomes ICAO council decision on CORSIA
The International Air Transport Association (IATA) welcomes the decision by the Council of the International Civil Aviation Organisation (ICAO) to use 2019 as a baseline for the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). In 2022, the ICAO Assembly will consider if further amendments are necessary to address the impacts of COVID-19 to ensure the successful implementation of the scheme. Airlines are committed to reducing net emissions to half 2005 levels by … [Read more...] about IATA welcomes ICAO council decision on CORSIA
May passenger demand shows slight improvement, says IATA
The International Air Transport Association (IATA) announced that passenger demand in May (measured in revenue passenger kilometers or RPKs), dropped 91.3 percent compared to May 2019. This was a mild uptick from the 94 percent annual decline recorded in April 2020. The improvement was driven by the recovery in some domestic markets, most notably China. “May was not quite as terrible as April. That’s about the best thing that can be said. As predicted, the first improvements in passenger … [Read more...] about May passenger demand shows slight improvement, says IATA
Industry losses to top $84 billion in 2020, says IATA
The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1 percent. Revenues will fall 50 percent to $419 billion from $838 billion in 2019. In 2021, losses are expected to be cut to $15.8 billion as revenues rise to $598 billion. “Financially, 2020 will go down as the worst year in the history of aviation. On average, every day of this … [Read more...] about Industry losses to top $84 billion in 2020, says IATA