IATA’s outlook for the airline industry reveals an optimistic trajectory for 2023 and 2024. Projected net profits are US$23.3 billion in 2023 (2.6% margin) and US$25.7 billion in 2024 (2.7% margin), with operating profits expected to surge from US$40.7 billion in 2023 to US$49.3 billion in 2024. In 2024, total revenues are set to reach […]
IATA anticipates improved profitability for airlines in 2023-2024 Read More »
The International Air Transport Association (IATA) has released data for August 2023 global air cargo markets, showing that year-on-year air cargo demand grew for the first time in 19 months. Global demand, measured in cargo tonne-kilometres (CTKs), increased by 1.5% compared to August 2022 levels (2% for international operations). Capacity, measured in available cargo tonne-kilometres
Air Cargo demand up 1.5% in August Read More »
The International Air Transport Association (IATA) has released its May 2023 traffic data, indicating a continued robust growth in air travel demand. Total global traffic for May 2023, measured in revenue passenger kilometres (RPKs), experienced a significant rise of 39.1% compared to May 2022. Moreover, global traffic has now reached 96.1% of the levels seen
IATA reports strong growth in air travel demand for May 2023 Read More »
The International Air Transport Association (IATA) has released its latest data on global air cargo markets for May 2023, revealing unfavourable market conditions. In May 2023, global demand for air cargo, measured in cargo tonne-kilometres (CTKs), declined by 5.2% compared to the same period in 2022. International operations experienced an even larger drop of 6.0%.
IATA data reveals weak global air cargo market in May 2023 Read More »
The International Air Transport Association (IATA) has revised its forecast for Hong Kong’s aviation recovery, now projecting a return to pre-crisis levels by the end of 2024. This positive development aligns Hong Kong’s recovery timeline with the anticipated faster recovery in the broader Asia-Pacific region. IATA commends the Hong Kong government for its efforts to
IATA projects Hong Kong aviation recovery by end of 2024 Read More »
The International Air Transport Association (IATA) has unveiled a series of roadmaps aimed at providing step-by-step detailing of critical actions and dependencies for aviation to achieve net-zero carbon emissions by 2050. These roadmaps address aircraft technology, energy infrastructure, operations, finance, and policy considerations leading to net zero. With the adoption of a Long-Term Aspirational Goal (LTAG) at
The International Air Transport Association (IATA) has released data for April 2023 global air cargo markets, showing a continued, but slower, decline against the previous year’s demand performance. Global demand, measured in cargo tonne-kilometres (CTKs), fell 6.6% compared to April 2022 (-7.0% for international operations). This decline was an improvement over the previous month’s performance
IATA data shows slower Air Cargo decline for April Read More »
The United Arab Emirates (UAE) have ratified the Montreal Protocol 2014 (MP14), a move that will strengthen the global legal deterrent against unruly and disruptive passengers. The International Air Transport Association (IATA) has welcomed the United Arab Emirates (UAE) ratification of the Montreal Protocol 2014 (MP14). “IATA welcomes the leadership shown by the UAE in
UAE is the 44th State to ratify MP14 to prosecute unruly passengers Read More »
