Source: TIACA The International Air Cargo Association (TIACA) announced the official nomination period for the of Two new industry leadership awards has opened. The two new awards are designed to recognize Inspirational Leaders of today and Rising Stars of tomorrow. The two new awards and the TIACA Hall of Fame award will be presented at the 2025 TIACA Executive Summit, June 23-25, Hong Kong.  The first of the new Awards, the Inspirational Leadership Award, will recognize an individual who has been identified by the next generation of air cargo professionals as an inspirational figure who has demonstrated a profound impact on the air cargo industry during the previous 12 months. The Leadership Award will be selected by an independent jury [...]

Source: US DOT The U.S. Department of Transportation (DOT) released its Air Travel Consumer Report (ATCR) on airline operational data compiled for the month of November 2024 for on-time performance, mishandled baggage, and mishandled wheelchairs and scooters. The ATCR is designed to assist consumers with information on the quality of services provided by airlines. For November 2024, 0.5% of flights were cancelled, higher than the 0.1% cancellation rate for November 2023. Flight Operations The 611,793 flights operated in November 2024 were 102.14% of the 598,987 flights operated in November 2023. Operated flights in November 2024 were up 2.14% year-over-year from the 598,987 flights operated in November 2023 and down 5.87% month-over-month from 649,969 flights operated in October 2024. In November [...]

Source: Airbus 766 commercial aircraft delivered  Revenues € 69.2 billion; EBIT Adjusted € 5.4 billion EBIT (reported) € 5.3 billion; EPS (reported) € 5.36 Free cash flow before customer financing € 4.5 billion 2024 guidance achieved Dividend proposals: dividend of € 2.00 per share; special dividend of € 1.00 per share 2025 guidance issued Airbus SE reported consolidated Full-Year (FY) 2024 financial results and provided guidance for 2025. “We achieved strong order intake across all businesses in 2024, with a book-to-bill well above 1, confirming the solid demand for our products and services. We delivered on our 2024 guidance in what was a testing year for Airbus,” said Guillaume Faury, Airbus Chief Executive Officer. “We refocused our efforts on key [...]

Source: ALTA José Ricardo Botelho will conclude his term as Executive Director & CEO in March of this year. Peter Cerdá, the current Regional Vice President for the Americas of the International Air Transport Association (IATA), will assume of Executive Director and CEO of ALTA The Executive Committee of the Latin American and Caribbean Air Transport Association (ALTA) announces that, after a valuable tenure that has marked a milestone in our organization, José Ricardo Botelho will conclude his term as Executive Director & CEO in March of this year. José Ricardo joined ALTA in June 2020, during an exceptionally challenging period. Under his leadership, ALTA experienced significant growth, skillfully navigating the turbulences of the pandemic and achieving a series of [...]

Source: TIACA The International Air Cargo Association (TIACA) announced that the 2025 Executive Summit will be held in Hong Kong, June 24-26, 2025. This global event hosted by Cathay Cargo is expected to draw over 350 senior executives from across the globe for 2 full days of conference and networking. "TIACA is excited to bring the Executive Summit to Hong Kong, a key sector for ecommerce shipments within our industry. We are looking forward to a robust conference program focused on issues that affect the industry every day, from incorporating AI into the industry to abruptly changing tensions and regulations," said Steven Polmans, TIACA Chair. Cathay Cargo will kickoff the event with a tour of their cargo terminal facility on [...]

Source: IATA The International Air Transport Association (IATA) released its methodology for accounting and reporting the emissions reduction associated with the use of Sustainable Aviation Fuel (SAF) by airlines. SAF is an essential component of airline plans to achieve net zero carbon emissions by 2050. The IATA methodology fulfils the critical need to ensure that SAF’s contribution to aviation’s decarbonization is accurately, consistently, and transparently accounted. The publication of the IATA SAF accounting and reporting methodology is a critical step in the preparation of the IATA SAF Registry which is scheduled to launch in April 2025. The IATA SAF Registry is expected to play a key role in creating a functioning global SAF market. “The IATA methodology will provide a consistent [...]

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). [...]