The International Air Transport Association (IATA) has announced that 73 airlines have committed to its Safety Leadership Charter, focusing on passenger and airline staff safety. IATA said the charter was created in collaboration with airlines worldwide and aviation community members, with the goal to encourage safety cultures through eight principles. The principles include: Reinforcing safety through both words and […]
The International Air Transport Association (IATA) released data for April 2024 global passenger demand with the following highlights: · Total demand, measured in revenue passenger kilometers (RPKs), was up 11.0% compared to April 2023. Total capacity, measured in available seat kilometers (ASK), was up 9.6% year-on-year. The April load factor was 82.4% (+1.0ppt compared to April 2023). […]
Despite the recent threat by the International Air Transport Association that its members may leave Nigeria because of their trapped funds in the country, the reality is that foreign airlines are still making a brisk business in the country because it is a profitable destination Some foreign airlines have left Nigeria due to factors bordering […]
The International Air Transport Association (IATA) has projected that there will be increased profitability for airlines in 2023, which will then largely stabilize in 2024. However, IATA said net profitability at the global level is expected to be well below the cost of capital in both years and very significant regional variations in financial performance […]
The International Air Transport Association (IATA) has released data for September 2023 global air cargo markets, showing continuing demand recovery. While global demand, measured in cargo tonne-kilometers (CTKs), increased by 1.9% compared to September 2022 levels (+1.6% for international operations, capacity, measured in available cargo tonne-kilometers (ACTKs), was up 12.1% compared to September 2022(+11.0% for […]
