Source: IATA The International Air Transport Association (IATA) released data for full year 2024 and December 2024 global air cargo market performance showing: Full-year demand for 2024, measured in cargo tonne-kilometers (CTK), increased 11.3% (12.2% for international operations) compared to 2023. Full-year 2024 demand exceeded the record volumes set in 2021. Full-year capacity in 2024, measured in available cargo tonne-kilometers (ACTK), increased by 7.4% compared to 2023 (9.6% for international operations). Full-year yields averaged 1.6% lower than 2023 but 39% higher than in 2019. December 2024 brought the year to a close with continued strong performance. Global demand was 6.1% above December 2023 levels (7.0% for international operations). Global capacity was 3.7% above December 2023 levels (5.2% for international operations). [...]

Source: US DOT Sean Duffy was officially sworn in as the 20th Secretary of the United States Department of Transportation (USDOT). Secretary Duffy was administered the oath of office by U.S. Supreme Court Justice Clarence Thomas at the U.S. Supreme Court and was joined by his family. Upon arrival at USDOT headquarters, Secretary Duffy's first act was signing a memorandum directing staff to start the process of resetting Corporate Average Fuel Economy (CAFE) standards, which will ultimately lower the price of a car for American consumers and eliminate the electric vehicle mandate. "I am deeply honored by the trust placed in me by President Trump to lead this important Department and for the Senate in swiftly confirming my nomination," said [...]

Source: ALTA ALTA launches the unprecedented report 'Route to Sustainability in Latin America and the Caribbean', which highlights progress, challenges, and essential strategies for understanding how this region, with its unique characteristics, can achieve its sustainability goals and become a global environmental benchmark On World Carbon Emissions Reduction Day, celebrated on January 28, the Latin American and Caribbean Air Transport Association (ALTA) reinforces the aviation sector’s commitment to sustainability and building a greener future. In this context, ALTA launches the unprecedented report "Route to Sustainability in Latin America and the Caribbean", which highlights progress, challenges, and essential strategies for understanding how this region, with its unique characteristics, can achieve its sustainability goals and become a global environmental benchmark. The report emphasizes [...]

Source: IATA The International Air Transport Association (IATA) announced its intention to hold regular procurement events in 2025 for airlines to purchase Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) Eligible Emissions Units (EEUs). This followed the successful conclusion of IATA’s first procurement event with the following highlights: 32 airlines participated 11 airlines purchased CORSIA Phase 1 EEUs from the Government of Guyana This was the first large-scale purchase of CORSIA Phase 1 EEUs by airlines. The CORSIA EEUs purchased were Jurisdictional REDD+ ART Trees Guyana credits, which remain the only CORSIA EEUs available, and sold for $21.70 /tonne as part of the fixed-price auction/offering. These will be useable by airlines in fulfilling their CORSIA Phase 1 offsetting obligations [...]

Source: IATA The International Air Transport Association (IATA) announced that the 2025 edition of the World Legal Symposium (WLS) will examine the legal implications of evolving forces shaping aviation, many of which were not envisioned in the Convention on International Civil Aviation (Chicago Convention) signed in 1944. These include the use of artificial intelligence (AI), alternative dispute resolution (ADR) methods, cybersecurity, and the proliferation of privacy and consumer protection regulations. ‘’Having just marked the 80th anniversary of aviation’s foundational document, the Chicago Convention, it’s appropriate for the aviation legal community to review how it has withstood the test of time. Over that time, aviation has evolved into a safe, global mass transportation system on which over five billion passengers will rely [...]