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So far Kostas Iatrou has created 1973 blog entries.

ACI: Ongoing impact of COVID-19 weakens aviation recovery momentum

Source: ACI New Airports Council International (ACI) World data shows that the lasting adverse impact of the COVID-19 crisis is forecast to remove an additional 5.2 billion passengers by the end of this year compared to the pre-COVID-19 forecast for 2021. Despite recent positive news of certain markets re-opening their borders, global passenger traffic in 2021 is still expected to reach only half of what it was in 2019, with total traffic for 2021 forecast to be only 4.6 billion of the 9.2 billion passengers served two years ago. Domestic passenger traffic continues to recover faster than the international market expecting to reach more than 3.1 billion passengers by the end of the year, a level corresponding to 58.5% of [...]

2021-11-02T18:43:30+02:00November 2nd, 2021|News, ORGANISATIONS|

Air Canada Reports Third Quarter 2021 Results

Source: Air Canada Air Canada today reported third quarter 2021 financial results. Operating revenues of $2.103 billion, representing almost three times the operating revenues of $757 million in the third quarter of 2020 Negative EBITDA(1) (earnings before interest, taxes, depreciation, and amortization), excluding special items, of $67 million compared to negative EBITDA (excluding special items) of $554 million in the same quarter of 2020 Operating loss of $364 million, compared to an operating loss of $785 million in the third quarter of 2020 Net cash flow(1) of $153 million, approximately $520 million higher than the midpoint of the net cash burn guidance provided for the quarter Record cargo revenues, surpassing the billion-dollar mark year-to-date Unrestricted liquidity of about $14.4 billion [...]

2021-11-02T18:44:30+02:00November 2nd, 2021|AIRLINES, News|

LAX prepares to welcome back international guests, offers tips to expedite travel experience

Source: LAX One week from today, the United States will welcome back foreign travelers from the European Union, United Kingdom and other countries who are fully vaccinated against COVID-19. Los Angeles International Airport (LAX) is ready to welcome back the world with facilities that are safe, clean and offer the latest technology to speed up entry and exit. "With the re-opening of international borders on Nov. 8, we are excited and prepared to welcome foreign visitors to LAX, many of whom will be traveling to the U.S. for the first time since early 2020," said Justin Erbacci, Chief Executive Officer, Los Angeles World Airports (LAWA). "LAX has a long and proud history of connecting people, places and cultures, and we [...]

2021-11-02T18:40:06+02:00November 1st, 2021|AIRPORTS, News|

From G20 to COP26: UNWTO Guides Tourism Through Critical Week

Source: UNWTO At the start of a crucial week for global governance, tourism’s relevance will be part of the discussions at the UN Climate Change Conference (COP26), just as it was in Rome when G20 leaders met to coordinate plans for sustainable and inclusive recovery. In Italy, UNWTO succeeded in placing tourism’s importance in the spotlight. The leaders of some of the world’s biggest economies endorsed the G20 Rome Guidelines for the Future of Tourism, committing themselves to taking action to fulfil its objectives, particularly to accelerate the return of safe and seamless travel and the digital transformation of the sector. The G20 Rome Leaders’ Declaration states: “We will continue to support a rapid, resilient, inclusive and sustainable recovery of [...]

2021-11-02T18:49:41+02:00November 1st, 2021|News, ORGANISATIONS|

Tourism ministers of Colombia, Brazil and Ecuador commit to explore a joint initiative to foster regional cooperation

Source: ALTA The ministerial panel held during the ALTA Airline Leaders Forum in Bogota on October 26, 2021 has generated a transcendent initiative. The debate focused on the role of tourism as a driver of economic recovery, as well as on the most appropriate tools to drive innovation, sustainability and adequately meet the needs of post-pandemic travelers.   Within the framework of this session, the ministers of tourism of Colombia, Brazil and Ecuador have agreed to explore a joint initiative to develop a product that shows the region from coast to coast, from the Atlantic to the Pacific, under common, differentiated and sustainable lines of specialization. This value proposal seeks to meet the needs of the long-haul traveler, with a [...]

2021-10-27T02:27:42+03:00October 27th, 2021|News, ORGANISATIONS|

ALTA celebrates AGM and appoints new President

Source: ALTA Member airlines from the Latin American and Caribbean Air Transport Association held their Annual General Meeting today and the new Executive Committee President was elected: Roberto Alvo, CEO of LATAM Airlines, whose position will be effective today, October 24, 2021, and for a period of one year. Alvo is a civil engineer graduated from the Pontificia Universidad Católica de Chile. He has an MBA from the International Institute for Management Development (IMD) in Lausanne, Switzerland. He joined LAN Airlines (current LATAM Airlines Group) in November 2001. Before taking up his current position, he served as Commercial Vice President, as Senior Vice President for International and Alliances, as Director of Administration and Finance at LAN Argentina, Manager of Development [...]

2021-10-25T16:40:15+03:00October 25th, 2021|News, ORGANISATIONS|

Colombia will host Latin American and Caribbean aviation leaders

Source: ALTA From October 24 to 26, 2021, more than 350 top executives from the commercial aviation industry and government representatives will gather in Bogota, Colombia, to conduct a high-level international dialogue, which will be converted into a proactive agenda with concrete actions aimed at promoting even safer, more efficient and sustainable aviation in Latin America and Caribbean. The ALTA Airline Leaders Forum academic agenda includes the participation of more than 50 speakers with extensive experience and industry knowledge, as well as representatives from the public sector in Colombia and the region, among them the official opening of the President of Colombia, Dr. Iván Duque. ALTA’s AGM and Airline Leaders Forum is the most important in person meeting of commercial [...]

2021-10-25T16:41:19+03:00October 24th, 2021|News, ORGANISATIONS|

Ministers adopt important commitments to help restore international travel and trade

Source: ICAO Ministers, Deputy Ministers and the heads of 24 international organizations completed a comprehensive review of pandemic-driven priorities for global air transport today, formalizing new commitments on border risk management and vaccination approaches, building air transport back better for sustainability and future pandemic resilience, and other key priorities aimed at accelerating air tourism and trade recovery and reconnecting the world. The agreements were enshrined in a new Declaration they adopted as the key outcome of ICAO’s High-level Conference on COVID-19, which completed today after nine days of intensive virtual multilateralism. The new ministerial Declaration, adopted in the presence of over 50 Ministers and Deputy Ministers, recognizes the severity of the COVID-19 crisis for civil aviation, and its cascading impacts [...]

2021-10-25T16:42:07+03:00October 22nd, 2021|News, ORGANISATIONS|

Chairs DeFazio, Larsen Statements from Hearing on the FAA Implementation of the 2020 Aircraft Certification, Safety, and Accountability Act

Source: Chair of the House Committee on Transportation The following are opening remarks, as prepared for delivery, from Chair of the House Committee on Transportation and Infrastructure Peter DeFazio (D-OR) and Chair of the Subcommittee on Aviation Rick Larsen (D-WA) during today’s hearing titled, “Three Years After Lion Air 610: FAA Implementation of the 2020 Aircraft Certification, Safety, and Accountability Act.” Videos of DeFazio and Larsen’s opening statements are here and here. More information on the hearing can be found here. Chair DeFazio: Thank you, Chair Larsen, for calling today’s hearing on the FAA’s implementation of the Aircraft Certification, Safety, and Accountability Act, an important set of reforms that we enacted last year in response to two air disasters that [...]

2021-10-25T16:42:48+03:00October 22nd, 2021|News, ORGANISATIONS|

IFALPA Participates in ICAO High-level Conference on COVID-19

Source: IFALPA IFALPA welcomed the declaration made today by the Ministers participating in the International Civil Aviation Organisation’s (ICAO) High Level Conference on COVID (HLCC) to address the global crisis in aviation caused by the COVID-19 pandemic. With Airports Council International (ACI), the Civil Air Navigation Services Organisation (CANSO), the International Air Transport Association (IATA), the International Business Aviation Council (IBAC), International Coordinating Council of Aerospace Industries Associations (ICCAIA), and the International Federation of Air Traffic Controllers' Associations (IFATCA), IFALPA issued a statement welcoming Ministers’ commitment to taking effective measures to safely restore international connectivity and support the revival of the global economy. The statement also highlighted the need to implement risk-based, pragmatic approaches such as mutual recognition of vaccines [...]

2021-10-22T19:21:53+03:00October 22nd, 2021|News, ORGANISATIONS|