International Air Transport Association

The global airline industry is projected to rake in a record net profit of USD 41 billion in 2026, higher than USD 39.5 billion expected this year, according to the International Air Transport Association (IATA). The airlines' industry body on Tuesday said India and China will drive the passenger demand in the Asia Pacific region, where net profit is forecast at USD 6.6 billion and the net profit per passenger at USD 3.20 in 2026. Next year, globally, the passenger load factor is pegged at a record 83.8 per cent while the net profit margin is expected at 3.9 per cent even as supply chain issues persist. Announcing the financial outlook for 2026 in Geneva on Tuesday, IATA said total industry revenues are expected to reach USD 1.053 trillion in 2026, up from USD 1.008 trillion anticipated in 2025. The revenues next year are anticipated to outpace operating expenses, which are pegged at USD 981 billion. The net profit per passenger transported is expected to be USD 7.90 in 2026, ...

Seasonal shipments and falling jet fuel prices boost Asia-Pacific's air cargo demand, with Europe-Asia routes showing 26 consecutive months of expansion

The AERA on Tuesday afternoon conducted a three-hour-long meeting with aviation sector stakeholders to discuss the aeronautical charges

India has the potential to be a key producer of sustainable aviation fuel by utilising its ethanol supplies and availability of lipids feedstocks like non-edible industrial oils, according to a senior official at the global airlines' grouping IATA. With decarbonisation in focus, efforts are being made to reduce emissions and over the years, Indian carriers have operated some flights with a blend of Sustainable Aviation Fuel (SAF) and traditional Aviation Turbine Fuel (ATF). Hemant Mistry, Director of Net Zero Transition at the International Air Transport Association (IATA), said the ecosystem for SAF has developed but there is more work to be done. "There are some very good opportunities for India right now. One is in terms of SAF feedstocks like agricultural waste... there is a growing understanding on what to do for SAF production. We are talking to a number of companies to understand how we can collaborate... oil companies," Mistry told PTI in a recent interview in Geneva. The .

Global airlines' grouping IATA's chief Willie Walsh has expressed optimism that India will provide more bilateral flying rights as Indian carriers are set to operate more wide-body planes in the coming years. India, one of the world's fastest growing civil aviation markets, has been taking a cautious stance on increasing bilateral flying rights as efforts are on to make the country a global aviation hub. More number of wide-body planes with Indian airlines will allow them to provide direct connectivity to various overseas destinations. IATA Director General Willie Walsh has said the bilateral flying rights situation with respect to India will improve. "It (bilateral flying rights) will improve. If you look at the aircraft orders, the wide-body aircraft orders that IndiGo and Air India have, they want to see more rights available to them. They are not going to get rights to fly unless you give them reciprocal rights. "I am optimistic that it (bilateral flying rights situation) will

Domestic traffic for Oct '23 was also up 33.7% when compared with the same period last year. This was driven by the triple-digit percentage growth in China

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IATA announced earlier this month that the recovery in air travel continued in December, 2022 and was signed up for the whole year compared with 2021

Airlines have themselves been under fire from governments and consumer groups for disruption as travel demand resumes more briskly than expected

Losses this year are likely to total $9.7 billion as air travel begins its recovery from the coronavirus crisis

Director General of IATA Willie Walsh said that while the outlook for airlines globally is positive, the business environment remains challenging.

China, which is still clinging onto its zero COVID strategy and experiencing significant lockdowns in its major cities, is expected to see deterioration in its domestic air travel market in March

Decisions are part of a judgment delivered by Superior Court of Quebec on pleas by India against separate garnishment orders which led to seizure of over $30 million

The International Air Transport Association has announced the arrival at London's Heathrow Airport of the first traveller using the IATA travel pass app to manage their travel health credentials

The International Air Transport Association (IATA) has announced results from its latest poll of recent travellers, showing growing confidence in a return to air travel

International Air Transport Association (IATA) has released public opinion research showing the willingness to travel being tempered by concerns over the risks of catching COVID-19 during air travel

Even as the number of coronavirus cases continue to rise globally, various countries have restarted domestic and international air travel, albeit with precautions

Business for Indian airlines stopped when the domestic and international services were first suspended in March to contain the spread of coronavirus. How will the airlines change after this crisis?

The International Civil Aviation Organisation (ICAO) said that by September, the world could have 1.2 billion fewer international air travelers

In India, with a share of almost 90% of people working in the informal economy, about 400 million workers in the informal economy are at risk of falling deeper into poverty during the crisis