The International Air Transport Association (IATA) has lamented the failure of governments to repatriate nearly $1 billion of airlines’ revenues trapped in their countries. The association, which represents 290 global airlines or 82 percent of global traffic, has however urged…
The International Air Transport Association (IATA), the clearinghouse for global airlines, disclosed that over $601 million of airlines’ funds are trapped in African countries; a situation that has negatively impacted carriers operating to the continent. Nigeria is missing from the…
IATA is working on revised sustainability targets. The international airline association is currently preparing a proposal that will be presented at the upcoming Annual General Meeting in Boston in October, Director-General Willie Walsh said on July 8 during the second…
While air travel in the Northern hemisphere might be in for an extended summer period of pent-up demand, airlines are likely to respond most cautiously. In Europe, carriers will be prudent of adding capacity to match demand while airlines in…
A number of times during Thursday’s Airlines for Europe (A4E) Aviation Summit, CNN’s Richard Quest tried to tease airline CEOs with almost the same question: is your lobby effective enough? Is Airlines 4 Europe taken seriously enough? Posing the question…
The international airline industry is set for a combined net loss this year of $-47.7 billion. While that’s an ‘improvement of last year’s $-126.4 billion, it is a clear demonstration of the continued difficulties within the airline market, IATA said…