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Latest International Air Transport Association Stories

2008-08-08 06:00:42

By Caroline Brothers From Aloha in Hawaii to Alpi Eagles in Italy, from promising upstarts like Silverjet to legends like Aeropostal of Venezuela, more than two dozen airlines have fallen off the international radar screen this year. Some filed for bankruptcy protection. Others have sharply reduced operations or limp along as charters. While each struggled with its own set of circumstances, the toll of 25 airlines - three to four times the number that the International Air Transport...

2008-08-07 06:00:30

By Caroline Brothers From Aloha in Hawaii to Alpi Eagles in Italy, from promising upstarts like Silverjet to legends like Aeropostal of Venezuela, more than two dozen airlines have fallen off the international radar screen this year. Some filed for bankruptcy-law protection. Others have sharply reduced operations or limp along as charters. While each struggled with its own set of circumstances, the toll of 25 airlines - three to four times the number that the International Air...

2008-08-04 09:00:41

Freight Volumes Contract Passenger Growth Hits Five-Year Low The International Air Transport Association (IATA) released international traffic data for June that showed a continued slowing of demand growth for air transport. Cargo contracted by 0.8% compared to June 2007. Passenger demand growth fell to 3.8%, the lowest level since 2003. Passenger load factors dropped to 77.6%, 1.2 percentage points below the 78.8% recorded for June 2007. "The global economic turbulence clearly shows in...

2008-07-23 15:00:59

By Boonsong Kositchotethana, Bangkok Post, Thailand Jul. 23--Airline business confidence slumped to new lows in the second quarter of this year following a steep decline in the preceding quarter, and airline chief finance officers now expect a further deterioration in the next 12 months. The July 2008 responses to a survey conducted by the International Air Transport Association (IATA) underscore the worsening business environment faced by airlines in recent months. Only 10...

2008-07-14 09:00:46

By Erica Gies Aviation emits 2 percent of carbon dioxide emissions worldwide, and 3 percent of total greenhouse gas emissions, according to the Intergovernmental Panel on Climate Change, the scientific body set up by the United Nations and the World Meteorological Organization to review the evidence on human-induced global warming. And according to environmental advocates, including some scientists, greenhouse gases released at high altitude may trap more heat than the same gases released...

2008-07-06 09:00:15

SriLankan Airlines introduced a fuel surcharge on all airline fares from beginning of the current month (July 2008). The decision to increase fares is due to the unprecedented rise in world fuel prices. Crude oil prices which averaged around USD 75 per barrel in 2007 have shot up to USD 141 for the first half of 2008, recording an 84% increase. In January this year, a barrel of crude oil was USD 95, and has increased to USD 128 as at June 2008 which is an increase of 35%. The speed at...

2008-07-04 12:00:20

By JONATHAN RENNIE TECHNOLOGY developed by a Glasgow firm is set to revolutionise air travel. Electronics Real Time has created mobile phone software which replaces the need for an airline ticket. Its system can turn a passenger's details into a barcode boarding pass which is displayed on the phone's screen. The screen can then be read by scanners which are used to recognise paperbased 'print at home' boarding cards. The solution removes the need for passengers to carry any type of...

2008-06-27 12:02:51

DOT Secretary Mary Peters and Senator Byron Dorgan (D-N.D.), a key member of the Senate Democratic leadership and a senior member of the Senate aviation subcommittee, will headline the agenda for a one-day Energy/Air Service Summit, July 10 at the Embassy Suites-Convention Center hotel in Washington, D.C., the American Association of Airport Executives (AAAE) (http://www.aaae.org) has confirmed. The summit, organized by AAAE and nine other leading aviation organizations, will mobilize...

2008-06-20 18:00:24

IATA chief: fuel prices biggest challenge to airlines AMMAN, June 19 (Xinhua) -- Rising fuel prices are the biggest challenge facing the air transport industry, local daily The Jordan Times reported Thursday, quoting Samer Majali, new chairman of the International Air Transport Association (IATA) board of governors. Due to skyrocketing fuel prices to unprecedented levels, the airline industry is now falling into the red, said Majali, who is also president and chief executive officer of...

2008-06-19 09:00:42

By Danny Fortson Business Correspondent The airline industry will be hit by a downturn far worse than even the most tumultuous periods in recent memory - the post- 9/11 years and the early Nineties recession - new research predicts. Morgan Stanley slashed its earnings forecasts yesterday for several major European carriers, including British Airways and easyJet, in the latest of a flurry of gloomy assessments of the industry. Penelope Butcher, the analyst who authored the report, warned...