Growth in global airline traffic–both passenger and cargo–continued a positive trend during the month of July, as revenue passenger kilometers increased 5 percent and freight ton kilometers rose 1.2 percent over the same month in 2012, according to a pair of reports issued last week by the International Air Transport Association (IATA).
International Air Transport Association
June traffic figures released last week by the International Air Transport Association show strong growth in passenger demand and what IATA characterizes as “signs of life” in the air freight sector. Passenger traffic grew by 6.6 percent during the month compared with the same period a year earlier, while air freight volumes expanded by 1.2 percent.
The International Air Transport Association (IATA) has endorsed a plan for global adoption of market-based measures (MBMs) to cut aircraft emissions, calling on world governments to agree to the move at ICAO’s Assembly later this year and so secure an alternative to Europe’s controversial emissions trading scheme (ETS). At its June 2 to 4 annual general meeting in Cape Town, South Africa, IATA “overwhelmingly” adopted a resolution called the Implementation of the Aviation Carbon Neutral (NCG2020) Strategy.
The International Air Transport Association (IATA) is redoubling efforts to help African airlines improve the continent’s poor accident rate. “It is no secret that the biggest gap [in airline safety performance] is in Africa,” said IATA director general Tony Tyler at the group’s international operations conference in Vienna on April 15. “Compared with a world rate of 0.20 Western-built jet hull loss accidents per million sectors in 2012, Africa’s rate was 3.71.”
Demand for air travel continues to surge worldwide as emerging markets led another strong month of traffic growth in February. International Air Transport Association (IATA) data released last week shows that passenger demand rose 3.7 percent during the month compared with February 2012. According to IATA, since last October passenger demand has grown at an annualized rate of 9 percent, almost double the growth trend over the first nine months of 2012.
The world’s airlines will achieve somewhat higher than expected profits this year, according to the latest projections from the International Air Transport Association (IATA). The industry group now expects its members to post a combined net post-tax profit margin of 1.6 percent this year (up from the earlier projection of 1.3 percent) on net income of $10.6 billion (up from $8.4 billion).
Trade organizations representing airports, airlines and air navigation service providers (ANSPs) are working together more closely to influence aviation system improvements in Europe, where the Single European Sky effort continues to draw criticism for moving too slowly. Airports Council International (ACI), the International Air Transport Association (IATA) and the Civil Air Navigation Services Organization (Canso) plan to introduce a series of collaborative programs with tangible results, or “deliverables,” according to Canso director general Jeff Poole.
Airlines and the organization representing Europe’s air navigation service providers (ANSPs) agree that the continent must modernize and streamline its ATC system. But two decades into the pursuit of a smoothly functioning Single European Sky, “there has not been as much progress” as airlines need to remain strong, said Tony Tyler, director general and CEO of the International Air Transport Association (IATA).
Traffic results for November 2012 released by the International Air Transport Association (IATA) Wednesday showed an improvement in both passenger and air freight demand. Air travel figures rose 4.6 percent for the month year-over-year, compared with October’s rise of just 2.9 percent. Meanwhile, air freight volumes edged up 1.6 percent in November after declining 2.6 percent in October, year to year.
Strong financial performance by the world’s airlines in the second and third quarters caused the International Air Transport Association (IATA) to revise up its yearly profit forecast for carriers by 63 percent from two months ago, to $6.7 billion. The association said profits should improve to $8.4 billion next year.