As airlines continue to reduce losses brought on by the impacts of the COVID-19 pandemic, the International Air Transport Association (IATA) anticipates a return to profitability for the global airline sector in 2023. IATA estimates airlines are projected to have a meagre $4.7 billion nett profit in 2023 or a nett profit margin of 0.6%.…
IATA Emphasises Asia-Pacific Objectives Post COVID-19
As the Asia-Pacific area moves forwards from COVID-19, the International Air Transport Association (IATA) urged the region to prepare for the expected spike in traffic. The airline industry has faced numerous challenges over the previous three years. Asian airlines were especially heavily impacted, contributing to roughly one-third of the industry’s losses between 2020 and this…
IATA: Peak travel season ends on a high note in August
The International Air Transport Association (IATA) announced passenger data for August 2022 showing continued momentum in the air travel recovery. Total traffic in August 2022 (measured in revenue passenger kilometers or RPKs) was up 67.7% compared to August 2021. Globally, traffic is now at 73.7% of pre-crisis levels. Domestic traffic for August 2022 was up 26.5% compared…
IATA Calls For An End To All Remaining Travel Restrictions In Europe
Following the waning of Omicron infections across Europe, which influenced a number of countries to finally loosen strict travel rules, the International Air Transport Association (IATA) has joined the Airports Council International (ACI) in further pressuring the continent to lift all remaining restrictions ahead of the busy summer season. Although some European nations, such as…
IATA Urges All Countries To Remove Restrictions For Vaccinated Travelers
Citing a supposed ineffectiveness of overly strict border measures, IATA (an acronym for International Air Transport Association) has called on all countries to remove restrictions for travelers, especially those who are vaccinated. The association joins the World Health Organization (WHO) in slamming travel bans, and particularly testing regimes which place a disproportionate burden on passengers.…
Airlines lose nearly $200bn between 2020-22, according to IATA
According to IATA’s most recent economic prediction, airlines are expected to lose $51.8 billion this year, continue in the red as an industry next year, and incur collective losses of more than $200 million between 2020 and 2022. The airline trade association revealed its most recent economic outlook at its annual meeting held in Boston…
Emirates first airline to implement IATA Travel Pass across six continents
Emirates is the first airline to implement the International Air Transport Association’s IATA Travel Pass solution on six continents as it rolls out this digital health pass to customers at all its destinations. Following successful trials in April on select routes from its Dubai hub, Emirates gradually expanded the IATA Travel Pass pilot to customers…
IATA calls for EUâs digital COVID passport to be applied globally
The International Air Transport Association (IATA) praised the European Commission for delivering the EU Digital COVID Certificate (EU DCC) in record time and urged countries around the world to adopt the document as the standard for digital vaccine certificates. In a press release issued by the association, its Deputy Director-General Conrad Clifford is quoted to…
UK and EU Travel Certificates Added To IATA Travel Pass
The Covid-19 journey certificates presently being utilized by the United Kingdom and all through the European Union are set to be built-in with the International Air Transport Associationâs (IATA) Travel Pass. The transfer is certain to streamline the journey course of the tens of millions around the globe, offering a handy technique to retailer essential…
