The U.S. air transport industry in 2010 represented 3.7 percent of the nation’s GDP—or 4.9 percent when considering so-called spillover benefits—and supported 6.6 million jobs, according to a new study commissioned by the International Air Transport Association (IATA).
International Air Transport Association
The U.S. Transportation Security Administration (TSA) and the European Commission agreed on June 1 to recognize each other’s air cargo security regimes in what they described as an historic accord.
Once again monthly International Air Transport Association (IATA) airline traffic statistics reflected “positive distortion” caused by geopolitical and other factors, resulting in somewhat inflated data for March.
“Positive distortion” caused by geopolitical and other factors inflated February 2012 traffic results reported by the International Air Transport Association (IATA), whose statistics showed an 8.6-percent improvement in passenger demand and a 5.2-percent rise in cargo demand compared with the same month last year.
The annual ATC Global conference and exhibition, held earlier this month in Amsterdam, attempted to bring into sharper focus the vision of a Single European Sky (SES).
Statistics published last week by the International Air Transport Association (IATA) show that Western jets registered their lowest accident rates in history in 2011, besting their previous record set just one year earlier.
Global airline traffic results for January showed a 5.7-percent rise in passenger demand but an 8-percent decline in air freight compared with the same month last year, according to statistics released last week by the International Air Transport Association (IATA).
Airline passenger, freight and traffic numbers softened toward the end of 2011, reflecting the ongoing weak global economy. The International Air Transport Association (IATA) expects the slow growth to continue this year.
A controversy is raging over the safety practices of India’s airlines following the partial “leak” of a financial audit from the Directorate General of Civil Aviation (DGCA). The report indicated that poor safety practices may be endemic in the Indian air transport sector.
A strong sales year in 2011 on the part of the world’s two major airliner manufacturers might portend a positive outlook for the air transport sector over the long term, but confidence in the profitability of the airline industry for this year continues to sag, according to the International Air Transport Association (IATA). In fact, the group expects profitability to decline by some $2 billion in 2012, and margins to settle at just 0.8 percent.