IATA: Airline profits to hit $38b in 2018, cargo to remain strong
Airline profits will rise to $38.4 billion in 2018, while cargo volume growth will return to a normal pace after booming in 2017, the International Air Transport Association (IATA) forecasts. Net profits will rise from the $34.5 billion expected to be seen in 2017, which has been revised from $31.4 billion in IATA’s June forecast, […]
IATA: October growth signals start to strong fourth quarter
Airfreight volumes have grown by 5.9 per cent in October, which the International Air Transport Association (IATA) says signals a strong start to the fourth quarter. The association says though October was slower than the annual growth of 9.2 per cent in September, it was still above the annual average of 3.2 per cent seen […]
IATA: UK must provide clarity about Brexit and Heathrow expansion
The International Air Transport Association (IATA) is urging the UK government to focus on a cost effective expansion of Heathrow Airport and providing clarity on post-Brexit issues. Director general and chief executive officer, Alexandre de Juniac was addressing the UK Aviation Club, where he highlighted the issues the UK could face following its departure of […]
IATA: airfreight demand dips slightly, but still up 9.2%
Airfreight demand fell slightly in September, but was still up 9.2 per cent on the same month last year, the International Air Transport Association (IATA) reports. Freight tonne kilometers or FTKs saw their slowest pace of growth seen in five months. However, it was still significantly higher than the five-year average growth rate of 4.4 per cent. […]
IATA integrates Cargo-XML into WCO’s Cargo Targeting System
The International Air Transport Association (IATA) Cargo-XML messaging standard has been fully integrated into the World Customs Organization (WCO) Cargo Targeting System (CTS) risk assessment tool. The integration of Cargo-XML in the WCO CTS enables electronic communication between airlines and customs authorities using the IATA Cargo-XML standards format. This will make communication simpler and more […]
IATA: air cargo demand up 12.1% in August
Air cargo demand grew by a double-digit figure for the fifth time in six months in August, according to figures released by the International Air Transport Association (IATA). The association says freight tonne kilometers (FTKs), increased YOY by 12.1 per cent in the month, compared to the same period a year ago with Africa up […]
Fourth double digit month in five months but growth may be peaking
Air freight has grown at double digit rates for the fourth time in five months but the International Air Transport Association (IATA) warns that growth may be nearing a peak. Demand measures in freight tonne kilometres (FTK) increased by 11.4 per cent in July compared to the same month in 2016, and at nearly four […]
IATA: Strong performance confirmed with 11% growth in June
Air cargo’s strong performance in the first half of 2017 was confirmed with year-on-year growth of 11 per cent in June, the International Air Transport Association (IATA) says. Freight tonne kilometres were up 10.4 per cent in the first half, the strongest first half-year performance since air cargo’s rebound from the Global Financial Crisis in […]
IATA: Industry must not rest on laurels despite 13% growth in May
Airfreight has grown 12.7 per cent in May but the industry must not rest on its laurels despite the positive outlook, the International Air Transport Association (IATA) says. Freight tonne kilometres (FTK) grew 12.7 per cent year-on-year in May, up from 8.7 per cent in April, and more than three times the five-year average growth […]
IATA AGM 2017: IATA adopts air cargo modernisation resolution
The International Air Transport Association (IATA) adopted a resolution to accelerate modernisation and transformation of the air cargo industry at its 73rd Annual General Meeting in Cancun, Mexico. The resolution calls on the air cargo industry to take a customer-centric approach to transformation to meet the evolving needs of shippers and urged the industry to […]
IATA: Airfreight growth slows in April but still up 8.5%
Global airfreight growth slowed in April but freight tonne kilometres still rose by 8.5 per cent, well above the five year average, International Air Transport Association (IATA) data shows. The April figure is down on the 13.4 per cent growth seen in March but well above the 3.5 per cent five year average, and all […]
Airfreight grows at fastest rate since 2010 with 14% growth in March
Global airfreight has grown at rates not seen since October 2010 with freight tonne kilometres (FTK) expanding 14 per cent in March, topping off a very strong first quarter. The strong airfreight demand is consistent with an increase in world trade and a six-year high in new export orders. An increase in the shipment of […]
IATA: air cargo demand growth of 8.4% in February
The International Air Transport Association (IATA) says global airfreight markets grew by 8.4 per cent in February – measured in freight tonne kilometers (FTKs) – compared to the same period last year. After adjusting for the impact of the leap year in 2016, IATA says demand increased by 12 per cent – almost four times better than the […]
IATA WCS2017: Air cargo must modernise and improve service
The air cargo industry must accelerate modernisation and focus on delivering high quality service, the International Air Transport Association (IATA) director general and chief executive officer, Alexandre de Juniac urges. Speaking at the 11th World Cargo Symposium in Abu Dhabi, de Juniac told delegates that the two key areas for industry transformation are simple modern […]
Export orders drive air cargo demand in January
The International Air Transport Association (IATA) says airfreight markets saw demand in freight tonne kilometers (FTKs) rise 6.9 per cent in January 2017 compared to the year-earlier period. IATA says this was down from the 10 per cent annual growth recorded in December 2016, but it still was well above the average annual growth rate of three per […]
IATA calls on Trump to make changes to taxes and deregulation
The International Air Transport Association (IATA) has urged governments to support the vital role aviation plays in connecting people and commerce around the globe. IATA’s director general and chief executive officer, Alexandre de Juniac says: “Our world has grown much wealthier through trade and travel. Air travel liberates people to live better lives and makes our world […]
Abu Dhabi the next port of call for IATA’s WCS
The International Air Transport Association’s (IATA) World Cargo Symposium (WCS) takes place for the 12th time from 14-16 March in Abu Dhabi. This year’s WCS is themed ‘Transform Today: Shape Tomorrow’ and will take place at the Abu Dhabi National Exhibition Centre (ADNEC) and will welcome delegates from key stakeholders across the air cargo supply […]
IATA welcomes ratification of Trade Facilitation Agreement
The International Air Transport Association (IATA) has welcomed the entry into force of the Trade Facilitation Agreement (TFA) today. This follows the ratification of the treaty by two-thirds (112) of the 164 member states of the World Trade Organization (WTO) which were needed to ratify the accord. The latest to sign up in 2016 were Gabon, Kyrgyzstan, […]
IATA: Air cargo outperforms expectations in 2016
Freight volumes outperformed forecasts in 2016 with 3.8 per cent growth helped by strong recovery in the second half of the year, the International Air Transport Association (IATA) says. Global airfreight volumes had a weak start to the year but picked up in the second half with a strong peak season, increased shipments of silicon […]
IATA: Growth slows slightly in November but remains strong
Airfreight growth slowed slightly in November to 6.8 per cent year-on-year (YOY) but it is still growing at more than 2.5 times the average monthly rate seen for the past decade, the International Air Transport Association (IATA) says. Growth in November was slightly slower than in October, when freight tonne kilometres (FTK) were up 8.4 […]
IATA: Air cargo grows 8.2% – the strongest in 18 months
European cargo growth led the way in October with a 13.4 per cent surge, driven by German exports and a weak euro, boosting worldwide volumes by 8.2 per cent, IATA says. The International Air Transport Association (IATA) says freight tonne kilometre growth (FTK) was the strongest for 18 months, helped by the collapse of the […]
VIDEO: IATA launches wildlife tracking assessment tool
The International Air Transport Association (IATA) has launched an Airport Wildlife Trafficking Assessment Tool to help defeat smugglers of endangered species. Developed in partnership with the World Customs Organization (WCO) with support from the USAID ROUTES Partnership, it will be piloted with WCO at Maputo International Airport in November 2016. The launch was announced as governments meet at […]
Air cargo shoots up 6.1% in September
Air cargo shot up 6.1 per cent in September helped by unique factors such as the collapse of Hanjin marine shipping, the International Air Transport Association (IATA) says. Volumes grew at the fastest pace since the US West Coast seaports strike in February 2015, and that September was helped by new export orders, as well […]
IATA and ACI Europe welcome Heathrow expansion decision
Airports Council International (ACI) Europe and the International Air Transport Association (IATA) have both cautiously welcomed the UK government’s decision to approve a third runway at Heathrow Airport. The UK government announced its approval for the third runway almost 14 months after the Airports Commission, which it set up in 2012, published its report recommending […]
IATA: Air cargo improving after slow start to year
The air cargo industry has improved since the slow start to the year, with all regions except Latin America seeing freight tonne kilometre (FTKs) growth in August though load factors remain at historic lows. The International Air Transport Association (IATA) says FTKs are up 3.9 per cent in August though available FTKs rose 4.1 per […]
IATA urges states to sign-up for carbon offset scheme
The International Air Transport Association (IATA) is urging states to sign up to the Carbon Offset and Reduction Scheme for International Aviation (CORSIA). IATA says it is optimistic for an agreement when governments meet for the 39th Assembly of the International Civil Aviation Organization later this month. The draft negotiating text for CORSIA, published on 2 September […]
IATA: July a “positive month” but global trade remains subdued
Airfreight has had “a positive month” in July with Europe posting the strongest growth for only the fourth time in a decade, the International Air Transport Association (IATA) says. The association says freight tonne kilometres (FTK) grew by five per cent, the fastest pace since early 2015 and despite the subdued global trade backdrop, carriers […]
Alexandre De Juniac takes over at IATA
Alexandre de Juniac has officially taken over the role of director general and chief executive officer (CEO) of the International Air Transport Association (IATA) from Tony Tyler. De Juniac, who was chairman and CEO of Air France – KLM is succeeding Tyler who is retiring after five years in charge. He was confirmed as the […]
AF-KLM’s de Juniac confirmed to succeed Tyler as IATA head
Alexandre de Juniac has been confirmed to succeed Tony Tyler as director general and chief executive officer (CEO) of the International Air Transport Association (IATA), and Willie Walsh will be chairman of the board of governors. De Juniac, who is the chairman and CEO of Air France-KLM will take over at IATA on 1 September. […]
Air France KLM reduces loss in Q1
Air France KLM has reduced its losses to 155 million euros ($178 million) in the first quarter of 2015 and the cargo division has also seen improvements. The net loss has fallen compared to 559 million euros in the first quarter of 2015 while the cargo division’s operating loss was 50 million euros compared to […]