Source: ACI Asia-Pacific China's tougher border measures and Japan's cautious approach towards relaxation of inbound travel restrictions could displace Asia-Pacific as the world's largest air passenger market for the year 2022. Asia-Pacific which has dominated the civil aviation market for several years prior to the pandemic, is estimated to finish second, behind Europe in terms of passenger share, and at a comparable level with North America. The latest ACI Asia-Pacific forecast indicates that by the end of 2022, passenger traffic will only recover by about 55% as compared to pre-pandemic levels. This is in stark contrast to other regions where recovery is substantially higher, and indeed estimated to be approximately between 70% and 80%, respectively. In 2019, 3.38 billion passengers [...]

Source: ALTA The Latin American and Caribbean region has experienced a significant recovery in the number of air passengers after the hiatus caused by the pandemic. However, the international context continues to pose considerable challenges, such as war-related fuel price increases, inflation, exchange rate volatility and the risk of recession by 2023. At this juncture, how can governments and the airline industry work together to reduce the current uncertainty? The Latin American and Caribbean region has experienced a significant recovery in the number of air passengers after the hiatus caused by the pandemic. However, the international context continues to pose considerable challenges, such as war-related fuel price increases, inflation, exchange rate volatility and the risk of recession by 2023. At [...]

Source: ICAO ICAO’s latest analyses reveal that air transport seat capacity and passenger totals globally have reached an estimated 80% of pre-pandemic levels, with passenger revenue at around 72% of its 2019 high point. The number of air passengers carried from January to August of this year increased by an estimated 55% compared to the same period in 2021. Aircraft flight departures increased by 28%, with overall seat capacity growing by 32% over the same period. In terms of passenger revenues, and keeping yield and exchange rates at 2019 levels, there was an estimated 70% growth achieved for the first eight months of 2022 compared to the same period of 2021. The number of passenger aircraft in service during the [...]

Source: IATA The International Air Transport Association (IATA) successfully concluded its 4th Caribbean Aviation Day, which was held under theme “Recover, Reconnect and Revive” and brought together more than 250 delegates from across the wider aviation and tourism value chain. The event was an integral part of a series of tourism and aviation focused events hosted by the Caribbean Tourism Organization and the Government of the Cayman Islands. In his opening remarks, Peter Cerdá, IATA’s Regional Vice President for the Americas stated that the region was on a good recovery track following the devastating effects of the COVID-19 pandemic and that with the right business environment, aviation could once again become a strong contributor to the socio-economic wellbeing of the [...]

Source: ALTA During the first day of ALTA Aviation Law Americas, Santiago Balbi, Legal Counsel at TravelX shared with attendees a presentation on the Blockchain-based business model for the airline industry. The company, a member of the Latin American and Caribbean Air Transport Association (ALTA) since April 2022 and a pioneer in developing tradable solutions for aviation based on blockchain technology, proposes the distribution of airline products or tickets as non-fungible tokens (NFTs). Solutions that will bring more efficiency and immediacy to purchase operations, refunds, cancellations or insurance collection, exponentially improving the user experience and generating efficiency and profitability to airlines. And although talking about Blockchain may still seem foreign to the airline industry, Balbi assured that this technology will [...]

Source: ALTA Sustainable aviation fuel, also known as SAF, is a cornerstone on the route to meeting the environmental goals set by the aviation industry to achieve zero net emissions by 2050. It is also a powerful economic engine with the prospect of generating significant socioeconomic contributions for countries in the short, medium and long term. Sustainable aviation fuel, also known as SAF, is a cornerstone on the route to meeting the environmental goals set by the aviation industry to achieve zero net emissions by 2050. Aviation industry is also a powerful economic engine with the prospect of generating significant socioeconomic contributions for countries in the short, medium and long term. In the Latin American and Caribbean region, the development [...]