Wednesday, January 22

Business

Wings of Change Europe to Focus on Rebuilding a Competitive European Air Transport System
2Oct By Editorial TeamNo Comments
Business, Travel & Food

Wings of Change Europe to Focus on Rebuilding a Competitive European Air Transport System

Geneva - The International Air Transport Association (IATA) announced that the Wings of Change Europe conference will focus on rebuilding a competitive European air transport system as the industry looks to its post-pandemic future. Europe is recovering strongly but challenges remain. The industry’s resilience is being tested by the $50 billion in losses the region’s airlines experienced during COVID-19 (2020-2022) and a return to pre-pandemic demand that is not expected to occur until 2024. Meanwhile, the operating environment is made more challenging with growing costs, a proliferation of regulatory initiatives and the drive towards net zero emissions. “Europe needs strong air connectivity now more than ever. But the competitiveness and resilience of European aviation are under str...
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Delta and LATAM are cleared for plans to develop unparalleled network connecting the Americas
2Oct By Editorial TeamNo Comments
Business, Travel & Food

Delta and LATAM are cleared for plans to develop unparalleled network connecting the Americas

U.S. Department of Transportation approves Delta and LATAM Joint Venture. The Joint Venture will allow passengers to access more than 300 destinations between the US/Canada and South America (Brazil, Chile, Colombia, Paraguay, Peru and Uruguay). The partners will deepen their level of cooperation in these markets with expanded route offerings, more and better connections and strengthening of codeshare routes and reciprocal loyalty benefits already in place. Delta Air Lines and the LATAM Group will work closely to create the leading airline partnership between the United States/Canada and South America (Brazil, Chile, Colombia, Paraguay, Peru and Uruguay) and connect the Americas to the world like never before with access to more than 300 destinations, after the U.S. Department...
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WFS to Focus on Reshaping Airline Resilience Post-COVID
2Sep By Editorial TeamNo Comments
Business

WFS to Focus on Reshaping Airline Resilience Post-COVID

The International Air Transport Association (IATA) announced that the 2022 World Financial Symposium (WFS) will focus on reshaping airline resilience. The event will take place from 19-22 September in Doha, Qatar, with Qatar Airways as the host airline. Following the greatest shock to aviation in history, the industry is emerging rapidly from the pandemic and government-mandated travel restrictions of the past two years. Industry losses are expected to reduce to $9.7 billion this year from nearly $180 billion in red ink in 2020-21. As travel barriers fall in most regions, very strong demand is supporting expectations for a recovery to pre-COVID-19 traffic levels by 2024, with profitability a possibility in 2023. At the same time airline debt levels have soared as carriers borrowed to...
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