Business Travel

Airlines record sharp drop in business travel

GENEVA - Business and first-class air travel dropped sharply in September due to the global financial crisis, the airline industry body IATA said on Wednesday.

Global Aviation Industry

Air travel declines at alarming pace

The global aviation industry is facing its largest drop in passengers since the outbreak of Severe Acute Respiratory Syndrome (SARS) in 2003, the International Air Transport Association (IATA) has sai

New "On-Line Travel Agency" Category For 2009

IATA changes approved at Geneva conference

At this month's UFTAA (United Federation of Travel Agents' Associations) Congress in Manila, which ARTA Canada attended, several matters were discussed which involved consequential changes to agency r

Indian Aviation: "worst-ever phase"

When India's airline industry wobbled, economists around the world who have been touting India as one of the world's growth engines started asking questions: will China be next?

Oil Prices and Airlines

Down goes oil prices, but IATA forecast remains grim

Oil prices have fallen below US$67 per barrel for the first time in 15 months, sending US airline shares sharply higher, despite the first quarterly loss in 17 years for Southwest Airlines.

India

Indian airline sector hit by 'perfect storm': IATA

NEW DELHI — India's airline sector has moved into negative growth and urgent reforms are needed if it wants to survive a "perfect storm" hitting the industry, an association said Wednesday.

$5,000,000,000 And Counting

IATA: Airlines will lose US$5.2 billion in 2008

The Air Transport Association (IATA) has said it is predicting that airlines will lose US$5.2 billion in 2008, due to slowing demand and high oil prices.

Attempts To Minimize Skyrocketing Fuel Prices

SriLankan Airlines tackles impact of high fuel prices

SriLankan Airlines is moving swiftly to minimize the impact of skyrocketing fuel prices with a series of decisive actions throughout the airline.

Asia/Pacific Aviation

Asian carriers in dire straits; cutbacks keeping tourists away

Monday's announcement by Taiwanese-owned EVA Airways to cut back its international flights by up 10 percent in a cost-managing exercise due to soaring fuel costs has added to the jitters in Asia's avi

IATA Ups Loss Forecast

Airline industry to lose $2.3B

A new look at the global airline industry paints a bleak picture amid record oil prices.

The airline industry will lose $2.3 billion this year because of oil price increases, according to the International Air Transport Association.

Airline Industry Will save More Than $3 Billion USD Annually

Thai Air tickets go 100% electronic

Effective June 1, 2008, Thai Airways International will make electronic ticketing available for all its flights, in accordance with International Air Transport Association (IATA) regulations.

Process Achieved Ahead Of Deadline

Emirates 100 percent e-ticket enabled

Emirates airline has been 100 percent e-ticket enabled across all of its online destinations, it was announced today.

The feat was achieved at the end of April, weeks ahead of IATA’s June 1 deadline, the airline said.

IATA

Half airline accidents occur upon landing

GENEVA (Reuters) - About half of the 100 airline accidents worldwide last year took place during landing, the International Air Transport Association (IATA) said on Thursday.

Many of those accidents could have been avoided if pilots made a second attempt at the runway, or if obstacles on the ground were properly cleared, according to a ... read more

IATA Chief Urges Airline Consolidation

Giovanni Bisignani: "The United States is in an urgent state"

GENEVA - The global airline industry is fragmented and suffers from over-capacity, the head of the industry association IATA said on Saturday, urging speedy approval of a proposed takeover of Northwest Airlines by rival Delta Air Lines.

Airlines passenger loads worldwide falling, IATA says

KUALA LUMPUR, Malaysia (eTN) - Ahead of the 2008 Airline Distribution Conference to be held here next week (April 22-24) and organized by UATP, a payment system network provider, airlines worldwide will be greeted by some alarming figures to confirm the economic slowdown in the United States has started to bite into the industry's revenue.

IATA

US slowdown takes growing toll on passenger flights: industry group

GENEVA — The US economic slowdown is taking a growing toll on the airline industry as passenger occupancy rates hit the lowest level for four years, the top industry association said on Monday.

The global passenger load factor (PLF) fell to 73.3 percent in February, down 0.6 percent from the previous year, the International Air ... read more

IATA

IATA warns of air travel slump

THE umbrella group representing the world's international airlines has warned that a global aviation slowdown might have begun after traffic statistics for January showed a sharp fall on previous months.