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.
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.
A look at airlines' on-time performance as reported by the DOTAugust 4th, 2009 A look at airlines' on-time statusThe following lists 19 airlines' on-time performance in June and overall on-time performance since the beginning of the year, according to data from the Department of Transportation's Bureau of Transportation Statistics. Carrier On-Time Arrival Pct.
Carbon offset programme launched for air travellersJuly 29th, 2009 NEW DELHI - Travel management company Uniglobe Travel Wednesday launched a carbon offset programme in India that will allow air travellers to purchase carbon credits to reduce the environmental impact of their travel. Uniglobe, which launched the programme in association with CarbonNeutral Co, a global carbon management firm, said the fund raised through the sale of carbon credits would be used in various emission reduction projects in the country.
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 group IATA says weak economy, Easter shift, sent April premium traffic downJune 16th, 2009 IATA: Premium travel dropped 22 percent in AprilMINNEAPOLIS — More evidence emerged Tuesday that a bad economy pushes passengers to the back of the plane, as a trade group reported that traffic in the high-end airline seats fell 22 percent in April. Revenue from those passengers fell even faster, down an estimated 44 percent from April 2008, the International Air Transport Association reported.
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.
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.
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.
Timing of swine flu outbreak bad for airlines: IATAApril 28th, 2009 GENEVA - The timing of the swine flu outbreak, along with an economic crisis that was pounding the airline industry, 'could not be worse', the head of the International Air Transport Association (IATA) said Tuesday. 'It is still too early to judge what the impact of swine flu will have on the bottomline.
Airlines losses to reach $4.7 bnMarch 25th, 2009 GENEVA - Airlines will suffer losses of $4.7 billion in 2009, the International Air Transport Association (IATA) said Tuesday, downgrading a previous forecast. 'The state of the airline industry today is grim,' Giovanni Bisignani, the head of the IATA, said.
Loading ...