Latest International Air Transport Association Stories
DAYTON, Ohio, Nov.
NORWALK, Conn., Nov. 2 /PRNewswire/ -- Southern Air Inc.
A leading airline association in Paris said airline losses in 2009 would reach $11 billion with customer demand for flights slack. The International Air Transport Association, which represents 230 airlines, increased the loss forecast from June by $2 billion and said airlines would not quite pull out of their tailspin in 2010 although losses would improve next year to $3.8 billion. As airlines continue to adjust to the global recession with reduced flight schedules, industry revenues are...
SAO PAULO, Aug. 18 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A.
A new report published on Monday shows the new strain of H1N1 flu followed the airline route map as it spread around the globe.
The International Transport Association in Montreal said the airline industry is on track to lose $9 billion in 2009, with revenues dropping 15 percent. Worldwide revenues are expected to drop $80 billion to $448 billion, IATA said. Addressing industry leaders at an IATA conference in Kuala Lumpur, Malaysia, IATA Director General and Chief Executive Officer Giovanni Bisignani said, It will not be business as usual in the post-crisis world, referring to the economic downturn frequently...
Airlines all over the world have agreed to attain carbon neutral expansion by 2020, said the leader of the global aviation body IATA on Monday.
Airline executives said on Tuesday they plan to cut the number of flights they operate in line with a drop in both cargo and passenger demand, effectively reducing their carbon emissions by nearly 8 percent this year.
The International Air Transport Association said Tuesday the industry was headed toward a loss of $5 billion in 2009, due to the economic downturn. The industry-wide crisis would resize and reshape the industry, IATA Chief Executive Officer Giovanni Bisignani said in a conference call, The New York Times reported Tuesday.
Aircraft maker Boeing announced on Thursday that a system which gives aircraft tailor-made arrival paths has saved fuel and cut emissions during recent trials.