Middle Eastern airlines’ freight volumes decreased 5.5% in July compared to the year-ago period as air cargo continues to suffer from weak global trade and the intensifying trade dispute between the US and China.
IATA has set a target to cap carbon dioxide emissions from international aviation at 2020 levels, mitigate over 2.5bn tonnes of CO2 and generate at least $40bn in finance by 2035 for carbon reduction initiatives.
The performance of the Middle Eastern airlines is improving but they are expected to “prolong losses” in 2019 due to the “worsening” in the business environment, IATA said in an outlook released here on Sunday.
Boeing Co's 737 MAX is unlikely to return to service before August, the head of the International Air Transport Association (IATA) said on Wednesday, adding that the final say on the timing rested with regulators.
Jet fuel price has reached nearly $85 per barrel, the highest level since November 2018, mainly due to the US decision to end sanction waivers on Iran oil imports, IATA has said in a report.
Jet fuel prices moved higher for a second consecutive month, averaging around $80 a barrel in February, IATA said and noted the oil price outlook “remains uncertain” on geopolitics.
The first of these annual awards will be presented at IATA’s 75th Annual General Meeting and World Air Transport Summit to be held in Seoul from June 1 to 3
The aviation industry’s experience with privatised airports has been “disappointing”, said IATA director-general and CEO Alexandre De Juniac.
IATA director-general and CEO Alexandre De Juniac has called for strengthening the Worldwide Slot Guidelines (WSG), which is a “well-established” global system for allocating airport slots at capacity constrained airports.
The Europe-Middle East market was the “top performer” in terms of premium air fares relative to economy, followed by Europe-Southern Africa, IATA has said in its latest financial monitor.
Middle Eastern airlines’ freight volumes expanded 1.7% in November last year compared to the same period a year earlier, the International Air Transport Association (IATA) has said in a report.