A complaint is to be lodged with the European Commission in the next 10 days that Iata, the international airline body, is behaving anti-competitively in the way it supplies scheduled flight information to carriers it represents.After years of allowing individual airlines to provide flight schedules through a number of distribution channels, Iata is understood to be trying to create an industry-wide consolidation service, called the Schedule Reference Service (SRS), designed to provide 'a single, neutral industry schedule database for the collection, verification and onward distribution of schedule information for the whole air transport industry'.
They called on governments to improve airport infrastructure and pay for airport security, and demanded accelerated deregulation of routes.Iata, which claims to represent 275 airlines and more than 98% of the world's scheduled air traffic, estimates the "four horsemen" have cost the industry £16.
2bn) over the next two years as a "toxic combination" of high fuel costs and dwindling demand ravages their finances, the industry's trade body has warned.The toxic combination of high oil prices and falling demand continues to poison the industry's profitability," said Giovanni Bisignani, IATA director general.
The global airline industry has confounded expectations and is on course to make its first profit since 2007 this year but European carriers are heading for a loss of $2.9bn) after volcanic ash clouds cast a pall over hopes of a financial recovery.
43bn) from the industry's bottom line this year.The International Air Transport Association (IATA) said carriers will make a worldwide profit of $4bn this year, down from a previous estimate of $8.
1bn) next year if the eurozone crisis turns into a full blown banking crisis and recession, the International Air Transport Association has warned.European airlines, however, are expected to make a loss regardless of the outcome of the eurozone crisis.
The global airline industry could suffer losses of more than $5bn (£3bn) if the oil price climbs to $150 a barrel, the International Air Transport Association (Iata) has warned.The aviation group slashed its profit forecasts for this year by $500m to $3bn because of escalating oil prices.
More European airlines will go bust this year as their collective losses top $1bn (£642m), according to the industry body Iata.Brian Pearce, chief economist of Iata, said: "There is a serious risk to the financial viability of some airlines in Europe.
6% of GDP depended on aviation, Tyler said you could "pick your own metaphor" to describe the procrastination imposed on the Davies Commission on aviation capacity.9bn every year – was "the bete noire of the industry" and "without doubt the biggest tax on aviation in the world".
The International Air Transport Association is to recommend new measures to ensure aircraft are properly tracked after the loss of Malaysian Airlines flight MH370.Tony Tyler, Iata's director general, said that despite loss of MH370 being unprecedented, "it points us to an immediate need.
Record plane orders placed by ambitious Southeast Asian airlines could be at risk in an environment of intense competition, low profitability and turmoil in financial markets, the head of the International Air Transport Association (IATA) said on Sunday.The Geneva-based group said profitability for Asian airlines in general was weak compared with other regions.
7 percent in January, IATA said in its monthly traffic data."Despite this good start, the underlying weak trade performance makes it unlikely that growth will accelerate significantly in the coming months," the association said.
MIAMI/PARIS (Reuters) - Global airlines raised their forecast for 2015 industry profits by more than 17 percent to $29.Many airlines still face huge challenges,” IATA Director General Tony Tyler said in a declaration to the airline lobby’s annual meeting.
FRANKFURT (Reuters) - The decline in global demand for air freight may be bottoming out, with cargo volumes growing month-on-month in November, the International Air Transport Association said on Monday.Air freight volumes were down 1.
The Geneva-based group said profitability for Asian airlines in general was weak compared with other regions.The Geneva-based group said profitability for Asian airlines in general was weak compared with other regions.
GENEVA (Reuters) - The number of British air passengers could drop by 3-5 percent by 2020 with an expected downturn in the economy and fall in sterling following the Brexit vote, the International Air Transport Association (IATA) said on Friday.“In other words, the outcome of yesterday’s referendum could reduce air passenger growth by 1.
BERLIN (Reuters) - Demand for air freight rose 4.3 percent in June, the fastest rate for 14 months, according to the International Air Transport Association.
“It will cause havoc and have a catastrophic impact on the ability of Brazilian airlines to become financially sound,” Peter Cerda, IATA vice president for the Americas, said by telephone from Miami.Listing Ireland as a tax haven would add 1 billion reais ($306 million) a year to the cost of leasing the aircraft, according to the Brazilian airline association ABEAR.
Global air travel demand in July rose 6.8 percent year on year, slowing from 7.
(Reuters) - Global air freight rose 11.4 percent in July helped by continued economic growth, the third double-digit monthly increase in a row, the International Air Transport Association (IATA) said on Tuesday.