Source: ICAO The International Civil Aviation Organization (ICAO) announced to delegates during its 14th ICAO Air Navigation Conferenceunderway in Montréal that aviation safety continued to improve despite the operational challenges of the pandemic recovery. The Organization's Safety Report for scheduled commercial air travel in 2023 shows that the fatality rate dropped to 17 people per billion passengers in 2023, down from 50 people per billion passengers in 2022. The global accident rate decreased to 1.87 accidents per million departures in 2023, down from 2.05 in 2022. This occurred as passenger traffic increased to around 4.2 billion passengers globally in 2023, up from 3.2 billion in 2022, and flight departures increased to over 35 million in 2023, compared to around 31 [...]

Source: FAA To date the FAA has awarded over 25 airports with more than $465 million in grant funding for the replacement or upgrading of baggage handling systems. This unique funding program was made possible by President Biden's Bipartisan Infrastructure Law and gives airports the opportunity to make improvements and modernize facilities for a more efficient passenger experience at a moment when some systems are 30 years old and nearing the end of their usefulness. For example, the Denver International Airport in Colorado was recently awarded $124 million to replace the baggage handling system with a more energy efficient system to accommodate additional passengers. With record air travel this month and passenger growth predicted for years to come, the Biden-Harris [...]

Source: IATA The International Air Transport Association (IATA) released data for July 2024 global air cargo markets showing continuing strong annual growth in demand. Total demand, measured in cargo tonne-kilometers (CTKs*), rose by 13.6% compared to July 2023 levels (14.3% for international operations). This is the eighth consecutive month of double-digit year-on-year growth, with overall levels reaching heights not seen since the record peaks of 2021. Capacity, measured in available cargo tonne-kilometers (ACTKs), increased by 8.3% compared to July 2023 (10.1% for international operations). This was largely related to the growth in international belly capacity, which rose 12.8% on the strength of passenger markets and balancing the 6.9% growth of international freighter capacity. It should be noted that the increase [...]