Source: IATA The International Air Transport Association (IATA) successfully hosted the 13th edition of Wings of Change Americas (WOCA 2023), bringing this keynote aviation conference to Mexico for the first time. “Fostering aviation in support of socioeconomic recovery” was the conference theme, which brought together more than 400 delegates to Mexico City on 27-28 June 2023. Participants engaged in dialogue between the airline industry, governments, the tourism sector, and other stakeholders in the air travel value chain, discussing the various aspects of harnessing the potential of aviation in driving economic resurgence and social progress across Latin America and the Caribbean. Key highlights and takeaways include: Collaboration for Success: One resounding message was the importance of collaboration among stakeholders. Governments, airlines, [...]

Source: IATA The International Air Transport Association (IATA) released May 2023 traffic data showing continued strong growth in air travel demand. Total traffic in May 2023 (measured in revenue passenger kilometers or RPKs) rose 39.1% compared to May 2022. Globally, traffic is now at 96.1% of May 2019 (pre-pandemic) levels. Domestic traffic for May rose 36.4% compared to the year-ago period. Total May 2023 domestic traffic was 5.3% above the May 2019 level. This is the second month in a row domestic traffic has exceeded pre-pandemic levels. International traffic climbed 40.9% versus May 2022 with all markets recording strong growth, led once again by carriers in the Asia-Pacific region. International RPKs reached 90.8% of May 2019 levels, with Middle East [...]

Source: IATA The International Air Transport Association (IATA) will publish an annual Track Zero report using IATA's Net Zero Tracking Methodology to report industry-level progress towards aviation's commitment to Net Zero carbon emissions by 2050. The Net Zero Tracking Methodology and related reporting process were developed with industry experts. IATA will aggregate and report annually inputs from IATA member airlines on an industry basis. After thorough validation, aggregate industry data from the previous calendar year will be reported annually in the fourth quarter of each year. The first report with airline-contributed data is planned for publication in Q4 2024. Non-IATA member airlines are also encouraged to contribute data and participate in the reporting. "Transparency is a critical element of aviation's [...]

Source: IATA The International Air Transport Association (IATA) released data for May 2023 global air cargo markets showing weak market conditions. Global demand, measured in cargo tonne-kilometers (CTKs), fell 5.2% compared to May 2022 (-6.0% for international operations). Capacity, as measured by available cargo tonne-kilometers (ACTKs), rose 14.5% compared to May 2022, primarily driven by belly capacity which increases as demand in the passenger business recovers. Capacity is now 5.9% above May 2019 (pre-pandemic) levels. Key factors influencing demand include: The global manufacturing Purchasing Managers Index (PMI) indicates an annual contraction of 1.4% in new export orders and a decrease of 5.2% year-on-year in production PMI. This suggests a cooling in global manufacturing demand. Global goods trade decreased by 0.8% [...]