Tag: The International Air Transport Association

IATA: Blocked airline funds could slow recovery

The International Air Transport Association (IATA) urged governments to abide by international agreements and treaty obligations to enable airlines to repatriate close to nearly $1 billion in blocked funds from the sale of tickets, cargo space, and other activities. “Governments are preventing ...

IATA Offers Free Training to Former Cabin Crew Transitioning into Job Market

IATA Offers Free Training to Former Cabin Crew Transitioning into Job Market

The International Air Transport Association (IATA) is offering an online training course to help laid-off airline cabin crew members re-enter the job market. This course will be offered free of charge for those who register between 9 and 23 February. A survey of 800 cabin crew who have lost their...

Copa Airlines and Government of Panama to Trial IATA Travel Pass

The International Air Transport Association (IATA) is partnering with the government of the Republic of Panama and Copa Airlines to trial IATA Travel Pass – a mobile app to help passengers easily and securely manage their travel in line with government requirements for COVID-19 testing or vaccine ...

From Light at the End of the Tunnel to Re-start – Partnering with Governments on Restart Plans

The International Air Transport Association (IATA) called on governments to partner with the air transport industry to devise plans to safely re-link people, business and economies when the COVID-19 epidemiological situation permits. A priority for this critical cooperation is acceleration of the es...

Passenger Demand Recovery Grinds to a Halt in November

Passenger Demand Recovery Grinds to a Halt in November

The International Air Transport Association (IATA) announced that the recovery in passenger demand which had been slowing since the Northern hemisphere’s summer travel season, came to a halt in November 2020. Total demand (measured in revenue passenger kilometers or RPKs) was down 70.3% compa...

IATA, The WTAAA & UFTAA: New Travel Agency Commissioners Announced

The International Air Transport Association (IATA), the World Travel Agents Associations Alliance (WTAAA) and the United Federation of Travel Agents' Associations (UFTAA) announced the appointment of Travel Agency Commissioners. The Travel Agency Commissioner Program was established 30 years ago ...

Sluggish Improvement in Passenger Demand Continues in July

Sluggish Improvement in Passenger Demand Continues in July

The International Air Transport Association (IATA) announced that passenger demand in July (measured in revenue passenger kilometers or RPKs), continued at critically low levels--79.8% below July 2019 levels. This was somewhat better than the 86.6% year-over-year decline recorded in June, primarily ...

IATA Traveler Survey Reveals COVID-19 Concerns

Geneva - 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 Trave...

Industry Losses to Top $84 Billion in 2020

Industry Losses to Top $84 Billion in 2020

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%. Revenues will fall 50% to $419 billion from $838 billion in 2019. In 2021, loss...

Industry Losses to Top $84 Billion in 2020

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%. Revenues will fall 50% to $419 billion from $838 billion in 2019. In 2021, loss...

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. “Passenger confidence will suffer a double whammy even after the pandemic is contained—hit by...

COVID-19 Puts Over Half of 2020 Passenger Revenues at Risk

COVID-19 Puts Over Half of 2020 Passenger Revenues at Risk

The International Air Transport Association (IATA) released updated analysis showing that the COVID-19 crisis will see airline passenger revenues drop by $314 billion in 2020, a 55% decline compared to 2019. On 24 March IATA estimated $252 billion in lost revenues (-44% vs. 2019) in a scenario wit...

Middle East and Africa Airlines Revenue Losses Mount

Middle East and Africa Airlines Revenue Losses Mount

The International Air Transport Association strengthened its call for urgent action from governments in Africa and the Middle East to provide financial relief to airlines as the latest IATA scenario for potential revenue loss by carriers in Africa and the Middle East reached US$23 billion (US$19 bi...

Safety and Flight Operations Conference Postponed

The International Air Transport Association (IATA) announced that the upcoming Safety and Flight Operations Conference in Baku, Azerbaijan has been postponed due to the disruption caused by the coronavirus outbreak (COVID-19). This decision was made after careful consideration based on the busines...

IATA Updates COVID-19 Financial Impacts

The International Air Transport Association (IATA) updated its analysis of the financial impact of the novel coronavirus (COVID-19) public health emergency on the global air transport industry. IATA now sees 2020 global revenue losses for the passenger business of between $63 billion (in a scenario...

.