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Tag IATA

Flybe goes bust amidst Covid-19 crisis

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UK-regional airline Flybe has ceased all operations and filed for administration on March 5. It is the first airline to fail since the outbreak of Covid-19, with a drastic drop in traffic resulting in a cash shortage the airline was…

IATA: 2019 traffic growth slows down

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International air traffic slowed down in 2019, with Revenue per Kilometers up ‘only’ 4.2 percent compared to +7.3 percent in 2018, IATA announced on February 6. Not since the 2009 financial crisis traffic growth has been below 5.5 percent, making…

IATA: airlines more profitable again in 2020

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The global airline industry is expected to improve its net profit next year to $29.3 billion up from $25.9 billion this year, the International Air Transport Association (IATA) said in its 2020 forecast. While others disagree and expect the world…