Tag

International Air Transport Association Iata

All articles tagged with #international air transport association iata

travel2 years ago•2 min saved

2024: Airlines Soar to New Heights with Record Profits and Passenger Numbers

The International Air Transport Association (IATA) predicts that airlines will experience a bumper year in 2024, with record traveler numbers and revenues. The sector's net profits are expected to reach $25.7 billion, and total revenues are set to grow 7.6% year-on-year to a record $964 billion. The recovery of post-pandemic consumer demand, particularly in North America, the Middle East, and Europe, has contributed to the industry's rebound. However, the high cost of capital and limited capacity continue to constrain airlines, with the net profit margin remaining below what investors in other industries would accept. The IATA emphasizes the need for a more resilient future for the aviation industry, which plays a critical role in global GDP and employment.

via CNBC|

#airlines #international-air-transport-association-iata #post-pandemic-recovery

aviation2 years ago•2 min saved

Aviation Sector Faces Backlash Over Mexico City Flight Reductions

Mexico City International Airport (AICM) will reduce flights from 52 to 43 per hour starting in November, according to a decree issued by Mexican President Andres Manuel Lopez Obrador. The decision has sparked backlash from the aviation sector, with the International Air Transport Association (IATA) criticizing the government's unilateral decision and lack of consultation with operators and users. Mexico's top three carriers, Aeromexico, Volaris, and Viva Aerobus, have also expressed concerns about the short notice and negative impact on passengers and workers. The flight reductions aim to alleviate saturation in Mexico City's airspace and divert traffic to the newer Felipe Angeles International Airport.

via Reuters|

#aviation #aviation-sector #flight-reductions

travel2 years ago•3 min saved

"Flight Delays Persist Despite Highest Staffing Levels in Decades: What's the Cause?"

US passenger airline employment is at its highest level in over two decades, according to the International Air Transport Association (IATA). However, passengers are still experiencing "unacceptable delays and disruptions" due to a shortage of air traffic controllers in North America. The IATA blames this on poor planning by the US Federal Aviation Administration (FAA) and NAV Canada, along with outdated technology, airline staffing issues, and bad weather. Additionally, recent incidents include medical teams treating heat-related discomfort on a plane in Las Vegas and an emergency evacuation slide falling into a Chicago neighborhood. Despite these challenges, air travel remains safe, accessible, and affordable.

via CNN|

#air-traffic-controllers #airline-staffing #flight-delays