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Reduced losses but continued pain for airline industry in 2021 –...

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The International Air Transport Association (IATA) expects net airline industry losses of $47.7 billion in 2021. This is an improvement on the estimated net...

IATA outlines main priorities for aviation in Africa

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Financial relief, the safe reopening of borders and planning for the safe restart of operations are the main priorities for aviation in Africa, the...

South Africa needs to start planning now for the safe restart...

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The International Air Transport Association (IATA) has urged South Africa to start planning for the safe resumption of international air travel to help repair...

Airline traffic and bookings stall despite vaccine promise

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Airlines face a challenging wait for COVID-19 vaccines to end travel lockdowns, global industry body IATA said, as a recovery in traffic stalls and...

Airlines set to lose $157 billion amid worsening slump – IATA

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Airlines are on course to lose a total $157 billion this year and next, their main global body warned on Tuesday, further downgrading its...

IATA reduces air traffic outlook as crisis drags on

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Global airlines reduced their 2020 traffic forecast on Tuesday, after a small summer rebound evaporated amid renewed coronavirus outbreaks and travel restrictions. Full-year passenger traffic...

Impact of COVID-19 on African aviation and economies is worsening –...

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The International Air Transport Association (IATA) has released new data indicating that the impact of COVID-19 on Africa’s aviation industry and economies has worsened...

Global airlines less hopeful on COVID-19 recovery

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Global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 - a year longer than previously expected - for...

Airlines heading for $84 billion loss this year: IATA

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Airlines are set to lose $84 billion as the coronavirus pandemic reduces revenue by half to mark the worst year in the sector’s history,...

Global airlines body raises alarm over bailout debts

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Heavy debts inherited from government bailouts and other fund-raising moves will delay the airline industry’s recovery from the coronavirus crisis, a trade body said...

Battered consumer confidence will slow airlines recovery

Faltering consumer confidence will slow the recovery of air travel when coronavirus restrictions end, the sector’s main global body warned, citing bleak new survey...

Crisis-hit airlines face crippling cash squeeze, IATA says

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Global airlines warned on Tuesday that many carriers may not survive a record cash squeeze in the second quarter, as revenues and traffic plunge...

Airlines face deeper revenue hit from COVID-19

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The International Air Transport Association (IATA) has updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry....

Airlines seek billions in government support – IATA

Global airlines need to up to $200 billion of government support to help survive the coronavirus crisis, the International Air Transport Association (IATA) said. Issuing...

Airlines could lose up to $113 bln in passenger revenue due...

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Airlines could lose $63 billion to $113 billion in revenue for passenger traffic globally in 2020, depending on how the coronavirus spreads, the International...

New urgency for airline conflict alert system

The shooting down of a Ukrainian airliner near Tehran has given new urgency to efforts to develop a shared conflict alert system for airlines,...

Airlines cutting profit forecasts

Airline profits are on course to fall faster than expected in 2019 as trade wars hit global commerce and broader confidence, the industry’s main...

Air transport a major contributor to SA economy but more could...

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The air transport sector supports 472 000 jobs in South Africa and contributes $9.4 billion to the Gross Domestic Product (GDP), but more could...

Global airlines slash profit forecast on protectionism fears

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Global airlines slashed a widely watched industry profit forecast by 21% on Sunday as an expanding trade war and higher oil prices compound worries...

IATA cuts annual air cargo traffic growth forecast citing trade frictions,...

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The International Air Transport Association (IATA) on Tuesday nearly halved its annual forecast for traffic growth in the air cargo market to 2 percent...

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