IATA CEO says emission reduction goals still achievable, despite airlines troubled financesOctober 13th, 2009 IATA CEO: airlines emission goals still achievableNEW YORK — The head of an international airline trade association said Tuesday the industry will reach some ambitious emissions reductions goals, despite severe financial setbacks faced by airlines across the globe. International Air Transport Association CEO Giovanni Bisignani told reporters that even with fleet expansions over the next 11 years, the industry can be carbon neutral by 2020 through a range of adjustments.
A look at predicted airline losses around the worldSeptember 15th, 2009 A look at expected airline losses around the worldThe International Air Transport Association predicted on Tuesday that the industry will lose $11 billion this year. But the picture is varied in different parts of the world:
— North American carriers are expected to lose $2.6 billion.
Airline trade group raises 2009 loss estimate to $11 billion; no profits until 2011September 15th, 2009 Airline trade group predicts 2009 loss of $11BGlobal airline losses are headed for a worse-than-expected $11 billion this year and it's not clear when lucrative business travel will rebound to pre-recession levels, a trade group said on Tuesday. As recently as June, the International Air Transport Association had expected airlines to lose $9 billion this year.
50 carriers globally lose $6 bn in first halfSeptember 1st, 2009 GENEVA - Over 50 global carriers lost $6 billion (Rs.30,000 crore) in January-June this year, according to the sector's representative body International Air Transport Association. In a statement Tuesday, IATA also said the losses stood at $2.02 billion (Rs.10,000 crore) in the second quarter this year (April-June) and forecast cumulative losses of $9 billion (Rs.45,000) for the year.
Airlines group says global industry lost over $6 billion in first half, some signs of recoverySeptember 1st, 2009 Airline industry lost over $6 billion in 1st halfGENEVA — Airline companies lost more than $6 billion during the first half of the year due to the economic crisis, even as fresh figures showed some signs of recovery in the passenger and freight business, an industry group said Tuesday. A sample of more than 50 airlines found their losses declined to $2 billion in the second quarter from $4 billion in the first quarter, the International Air Transport Association said, noting that the April-June period is usually a strong one for the industry.
IATA says air traffic may have leveled off in June from earlier plunge; lower fares helpedAugust 18th, 2009 IATA says air traffic stabilized in JuneNEW YORK — The International Air Transport Association on Monday said that worldwide passenger traffic may have stabilized in June, in part because lower fares got more people on planes. Airlines cut fares on many routes to fill planes as fewer people flew because of the weak global economy.
India, global aviation body sign pact on skill developmentJuly 28th, 2009 NEW DELHI - The government Tuesday signed a pact with International Air Transport Association (IATA), which represents some 230 airlines comprising over 90 percent of scheduled air traffic globally, on skill development in the aviation sector. Under the pact signed in Geneva, IATA will help Indian aviation industry personnel enhance skills to help them match global standards, the government said Tuesday.
Travel drop accelerated in May, trade group says; premium air travel down 23.6 percentJuly 16th, 2009 IATA: Premium air travel down 23.6 percent in MayMINNEAPOLIS — Global airline passenger travel dropped faster in May than in the previous months, a trade group reported on Thursday, suggesting that things are not getting better for air carriers. The number of passengers flying on premium tickets fell 23.6 percent in May compared with May 2008, according to the International Air Transport Association.
Airline shares rise as industry group see passenger declines easing; Fitch downgrades DeltaJune 25th, 2009 Sector Snap: Airline shares gain againNEW YORK — Airlines shares climbed Thursday, as an industry group said airline passenger declines may be leveling off. The AMEX Airline Index rose 3.9 percent at midday, with all 13 component stocks on higher ground.
Southwest Airlines CEO says June traffic looking weaker than May, no sign of turnaroundJune 11th, 2009 Southwest CEO says June looking worse than MayDALLAS — The chief executive of Southwest Airlines said Thursday that June looks weaker than May, judging by a key measure of revenue, and he doesn't yet see signs of a turnaround. "It's a very, very difficult time, and earnings are going to be very stressed until the economy changes," CEO Gary Kelly said.
Airlines to lose $9 billion in global crisisJune 8th, 2009 KUALA LUMPUR - The world's airlines are expected to lose $9 billion this year due to the deepening crisis in global air travel, a major industry group said Monday. Airline chiefs gathering in Malaysia Monday were told that the revised figures, which are a major jump from the $4.7 billion forecast in March, signalled that a recovery in the industry was a long way off.
World airlines seen losing $9 billion in 2009, double previous forecast, IATA saysJune 8th, 2009 World airlines seen losing $9 billion this yearKUALA LUMPUR, Malaysia — The world's airlines will collectively lose $9 billion this year — nearly double the previous projections — and face a slow recovery as the economic crisis saps air travel and cargo demand, an industry body warned Monday. The International Air Transport Association, which represents 230 airlines worldwide, increased its loss estimate from the $4.7 billion it forecast in March, reflecting a "rapidly deteriorating revenue environment."
Although there has been growing signs of a bottoming out of the recession, IATA said the industry was severely hit in the first quarter with 50 major airlines reporting losses of more than $3 billion.
Airline chiefs meet amid worsening global aviation crisisJune 8th, 2009 KUALA LUMPUR - Airline chiefs gathered in Malaysia Monday for an international aviation meeting to focus on strategies to fight off a deepening crisis in global air travel. More than 500 aviation industry leaders will be attending the two-day International Air Transport Association (IATA) annual meeting in the capital, Kuala Lumpur.
IATA calls for more open skies as it sees airlines losing more than $4.7 billion this yearJune 4th, 2009 IATA: Airline 2009 losses to exceed $4.7 billionKUALA LUMPUR, Malaysia — The International Air Transport Association called for more liberalization to bolster the global airline industry, which is expected to lose more than $4.7 billion this year because of falling cargo and passenger traffic. IATA Director-General Giovanni Bisignani said airlines are facing an "emergency situation" and should be given greater commercial freedom to serve global markets and consolidate.
March/April airline traffic at a glanceMay 9th, 2009 March/April airline traffic at a glanceApril and March traffic statistics for leading U.S. airline companies.
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