Source: IATA The International Air Transport Association (IATA) warned that planned increases in charges by airports and air navigation service providers (ANSPs) will stall recovery in air travel and damage international connectivity. Confirmed airport and ANSP charges increases have already reached $2.3 billion. Further increases could be ten fold this number if proposals already tabled by airports and ANSPs are granted. "A $2.3 billion charges increase during this crisis is outrageous. We all want to put COVID-19 behind us. But placing the financial burden of a crisis of apocalyptic proportions on the backs of your customers, just because you can, is a commercial strategy that only a monopoly could dream up. At an absolute minimum, cost reduction—not charges increases—must be [...]

Source: IATA The International Air Transport Association (IATA) 77th Annual General Meeting approved a resolution for the global air transport industry to achieve net-zero carbon emissions by 2050. This commitment will align with the Paris Agreement goal for global warming not to exceed 1.5°C. "The world's airlines have taken a momentous decision to ensure that flying is sustainable. The post-COVID-19 re-connect will be on a clear path towards net zero. That will ensure the freedom of future generations to sustainably explore, learn, trade, build markets, appreciate cultures and connect with people the world over. With the collective efforts of the entire value chain and supportive government policies, aviation will achieve net zero emissions by 2050," said Willie Walsh, IATA's Director [...]

Source: IATA The International Air Transport Association (IATA) announced that China Eastern Airlines will host the 78th IATA Annual General Meeting (AGM) and World Air Transport Summit in Shanghai, People's Republic of China, on 19-21 June 2022. This will be the third time China will host the global gathering of aviation's top leaders. The AGM was previously held in Beijing in 2012 and in Shanghai in 2002. "We look forward to gathering the aviation industry in Shanghai for the 78th IATA AGM. China is a dynamic aviation market, with its domestic travel among the fastest to recover from the damage brought by COVID-19. We are delighted to be able to bring the AGM to China again," said Willie Walsh, IATA's Director General. [...]

Source: IATA The International Air Transport Association (IATA) announced its latest outlook for airline industry financial performance showing improved results amid the continuing COVID-19 crisis: Net industry losses are expected to reduce to $11.6 billion in 2022 after a $51.8 billion loss in 2021 (worsened from the $47.7 billion loss estimated in April). Net 2020 loss estimates have been revised to $137.7 billion (from $126.4 billion). Adding these up, total industry losses in 2020-2022 are expected to reach $201 billion. Demand (measured in RPKs) is expected to stand at 40% of 2019 levels for 2021, rising to 61% in 2022. Total passenger numbers are expected to reach 2.3 billion in 2021. This will grow to 3.4 billion in 2022 which [...]

Source: IATA The International Air Transport Association (IATA) called for an end to wildly inconsistent COVID-19 travel restrictions that are stalling the recovery of air transport. It urged governments to implement simplified regimes to manage the risks of COVID-19 as borders re-open to international travel. “Travel restrictions bought governments time to respond in the early days of the pandemic. Nearly two years later, that rationale no longer exists. COVID-19 is present in all parts of the world. Travel restrictions are a complex and confusing web of rules with very little consistency among them. And there is little evidence to support ongoing border restrictions and the economic havoc they create,” said Willie Walsh, IATA’s Director General. Testing results for UK arriving [...]