IATA Archives - Page 5 of 6

NANTA, IATA in talks to stave off showdown over lower fare inventories

Posted on February 6, 2024February 6, 2024 by Wole Shadare

There are indications that foreign airlines operating to Nigeria are considering releasing cheaper ticket inventories following the release of the airlines’ trapped funds by the Central Bank of Nigeria (CBN). A top official of the National Association Nigerian Travel Agency (NANTA) who disclosed this to Aviation Metric said the group has held a strategic meeting with the International Air Transport Association (IATA) with a view to the airlines opening their lower ticket inventory for passengers from Nigeria….

Heightened attacks on GNSS pose safety risk, IATA, EASA urge pilots, crew to identify danger

Posted on January 26, 2024January 26, 2024 by Wole Shadare

The European Union Aviation Safety Agency (EASA) and the International Air Transport Association (IATA) announced the conclusions of a workshop jointly hosted at EASA’s headquarters to combat incidents of GNSS spoofing and jamming.The workshop’s high-level conclusion was that interference with satellite-based services that provide information on the precise position of an aircraft can pose significant challenges to aviation safety. Mitigating these risks requires short-, medium- and long-term measures, beginning with the sharing of incident information…

IATA: Air travel recovers fully, to surpass 2019 pre-Covid figure

Posted on January 10, 2024January 10, 2024 by Wole Shadare

Historic 4.7 billion people expected to travel in 2024 As predicted, international and domestic air travel have rebounded to pre-2019 COVID as air travel is closer to surpassing the 2019 figure according to the International Air Transport Association (IATA). The implication is that air travel has fully recovered with more people expected to take to air travel this year than ever for. IATA, in a data released for November 2023 air travel performance…

Oneworld becomes first airline alliance to join IATA Co2 Connect

Posted on December 19, 2023 by Wole Shadare

The International Air Transport Association (IATA) and the oneworld Alliance will work together in the field of CO2 emission calculations with all 13 oneworld member airlines committing to contributing operational data to IATA’s CO2 Connect emissions calculator. This will further improve the quality and accuracy of the tool, as the percentage of airline-specific fuel burn data used by the calculator will substantially increase, with the data provided by the following oneworld member airlines: Alaska Airlines, American Airlines, British…

IATA: 25% loan interest, airlines’ insurance premium in Nigeria highest in the world

Posted on December 7, 2023 by Wole Shadare

Nigerian airlines set up to fail from start Why carriers are not profitable Wole Shadare, Geneva, Switzerland The International Air Transport Association (IATA) said that 25% interest on loans which it tagged ‘ridiculous’, high airport taxes and insurance premiums which it said is six times more than anywhere in the world would do incalculable damage to aviation in Nigeria. IATA’s Regional Vice President Africa & Middle East, Kamil Al-Awadhi at a media presentation with African journalists…

Allocate 30% renewable fuel output to SAF, IATA tells govts’, as Biofuel volumes grow

Posted on December 6, 2023December 6, 2023 by Wole Shadare

The International Air Transport Association (IATA) has urged governments to set a policy framework that incentivizes renewable fuel producers to allocate 25-30% of their output to Sustainable Aviation Fuel (SAF) to meet the CAAF/3 ambition including existing regional and national policies as well as airline commitments. The association disclosed on Wednesday at the IATA Global Media Summit in Geneva, Switzerland. According to the clearing house for over 310 airlines in 2023, SAF volumes reached over…

Aviation revenue to hit $964 billion, African airlines to post $0.5b losses in 2024

Posted on December 6, 2023December 6, 2023 by Wole Shadare

Infrastructure, connectivity impact region’s industry performance Wole Shadare, Geneva, Switzerland Having recovered from the 2020 Covid pandemic that did incalculable damage to the global aviation industry, industry revenues are expected to reach a historic high of $964 billion according to the International Air Transport Association (IATA). While other regions in the world are expected to post profits in 2024, African carriers are expected to generate losses in both 2023 and 2024. The continent according to…

Demand for air cargo for African airlines up 2.9%, says IATA

Posted on December 5, 2023 by Wole Shadare

African airlines saw their air cargo volumes increase by 2.9% in October 2023, much improved compared to September’s performance (-0.1%). Carriers in the region benefitted from the strongest annual growth since May (+16.7%). Capacity was 9.8% above the October 2022 levels. This is contained in the International Air Transport Association (IATA) released data for October 2023 global air cargo markets indicating the third consecutive month of stronger year-on-year demand. Global demand, measured in cargo tonne-kilometres (CTKs*),…

How $1.68 billion airlines’ trapped funds, high cost, infrastructure set aviation in Africa backward- IATA

Posted on November 20, 2023November 20, 2023 by Wole Shadare

Foreign airlines’ trapped funds in Africa hit a record $1.68 billion by the end of September 2023 according to the International Air Transport Association (IATA). The funds are held by countries experiencing foreign exchange reserves. The countries are Ghana, Nigeria, Ethiopia, Angola and Zimbabwe. IATA attributed trapped funds as one of the major issues plaguing aviation in Africa, describing the numbers as alarming with it having a huge and devastating impact on connectivity. IATA’s Regional…

Travellers prioritise speed, convenience in IATA’s global passenger survey

Posted on October 25, 2023 by Wole Shadare

The International Air Transport Association (IATA) announced the results of its 2023 Global Passenger Survey (GPS), showing that travelers continue to prioritize speed and convenience and are increasingly embracing biometrics and off-airport processes to deliver it. “Passengers have made it clear: they want to spend less time booking and move through the airport faster. And they are increasingly willing to use biometric data to complete more pre-departure tasks off airport to achieve this,” said Nick…

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