Thursday, November 14

Tag: IATA

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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IATA: Strong passenger demand continues in June
8Aug By Editorial TeamNo Comments
Business, Travel & Food

IATA: Strong passenger demand continues in June

The International Air Transport Association (IATA) announced passenger data for June 2022 showing that the recovery in air travel remains strong. Note: We have returned to year-on-year traffic comparisons, instead of comparisons with the 2019 period, unless otherwise noted. Owing to the low traffic base in 2021, some markets will show very high year-on-year growth rates, even if the size of these markets is still significantly smaller than they were in 2019. Total traffic in June 2022 (measured in revenue passenger kilometers or RPKs) was up 76.2% compared to June 2021, primarily propelled by the ongoing strong recovery in international traffic. Globally, traffic is now at 70.8% of pre-crisis levels. Domestic traffic for June 2022 was up 5.2% compared to the year-ago period. Strong i...
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International Travel Drives May Air Traffic Recovery
10Jul By Editorial TeamNo Comments
Breaking News

International Travel Drives May Air Traffic Recovery

Geneva - The International Air Transport Association (IATA) announced passenger data for May 2022 showing that the recovery in air travel accelerated heading into the busy Northern Hemisphere summer travel season. Note: We have returned to year-on-year traffic comparisons, instead of comparisons with the 2019 period, unless otherwise noted. Owing to the low traffic base in 2021, some markets will show very high year-on-year growth rates, even if the size of these markets is still significantly smaller than they were in 2019. Total traffic in May 2022 (measured in revenue passenger kilometers or RPKs) was up 83.1% compared to May 2021, largely driven by the strong recovery in international traffic. Global traffic is now at 68.7% of pre-crisis levels.Domestic traffic fo...
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