MUMBAI: In the first month of the year, demand for air travel was up about 17 %, while the airline seat capacity went up 14 % and passenger load factor almost touched 80 %, according to January data released recently by airlines’ trade body, the International Air Transport Association (IATA).International demand, measured in revenue passenger … Read more
MUMBAI: Air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties and full-year demand reached a level just slightly below 2022 and 2019, said the International Air Transport Association (IATA) in its monthly report. “Global full-year demand in 2023, measured in cargo tonne-kilometers (CTKs), was down 1.9% compared to … Read more
MUMBAI: The ongoing recovery in passenger demand continued in October with total traffic increasing 31 % compared to October 2022, said the International Air Transport Association (IATA) in its monthly traffic report released recently.Globally, traffic is now at 98.2% of pre-COVID levels. “Domestic traffic for October rose 33.7% versus October 2022, driven by the triple-digit … Read more
GENEVA: The production of sustainable aviation fuel will double to more than 600 million litres this year and rise further to 1.875 billion litres in 2024, according to the global airlines’ grouping IATA. As the global aviation industry works on decarbonisation ways, sustainable aviation fuel (SAF) will play a major role. At a recent conference … Read more
IATA also dramatically increased its profit forecast for the industry. (Representational) Geneva, Switzerland: Airlines are expecting to carry a record 4.7 billion passengers in 2024 as the sector puts the Covid-19 pandemic behind it, trade industry association IATA said Wednesday. IATA also raised its profit outlook, expecting airlines to post $23.3 billion in net earnings … Read more
Bankrupt Go First is now not eligible for the two-letter designator code ‘G8‘, with global airlines’ grouping IATA blocking the code as the airline has not been flying for the past few months. The International Air Transport Association (IATA), which provides two-letter designator and numeric codes to airlines, has blocked the ‘G8’ for Go First … Read more