The CEO and director general of the International Air Transport Association (IATA) told the group’s annual meeting in Beijing that the industry is “fragile ... with serious downside risks.” The ... Read Full Story »
Unemployment in Greece reached 21.9% in March, which allows it to move into the club of EU nations with unemployment rates over 20%. Spain chairs that association. The Greek number ... Read Full Story »
The global airline industry is no where close to recovery according to the head of its largest trade association. “Oil prices are high, although moderating somewhat from recent peaks. The ... Read Full Story »
Economists have begun to voice concerns that the price of gasoline, which is usually high, could damage the U.S. recovery and make the recession in Europe worse. That is probably true. ... Read Full Story »
Cost increases and flat cargo traffic are expected to cut airline profits in half in 2012, from $6.9 billion in 2011 to $3.5 billion in 2012. Profit margin is expected ... Read Full Story »
The International Air Transport Association (IATA) reports that air freight volume fell by 4.7% in October, compared with the same month a year ago. Passenger traffic increased by 3.6% ... Read Full Story »
The International Air Transport Association (IATA) paints a bleak outlook for passenger and freight carriers as economic worries intensify. And the impact of that weak forecast is beginning to take ... Read Full Story »
The IATA, the voice of the global airline industry, says that business has returned to pre-recession levels. There are still some troubles that could keep costs high and undermine the ... Read Full Story »
Twitter has, by most estimates, 175 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have ... Read Full Story »
Business travelers are returning to the world's airlines, and coupled with this boost in passengers is continued growth in cargo revenues. As a result, the International Air Transport Association ... Read Full Story »
Airlines will make mammoth profits this year. The International Air Transport Association (IATA) revised its forecasts for the global industry higher--to $8.9 billion. In June, its forecast was only $2.5 ... Read Full Story »