Passengers not willing to fly an airline is the worst that can happen for a carrier. What should airlines do?
According to an executive at the world's largest airline association, Nigeria is withholding $450 million in revenue generated by international carriers operating in the country.
"Airlines are resilient. People are flying in ever greater numbers. And cargo is performing well against a backdrop of growing economic uncertainty," IATA director-general Willie Walsh said in an upgraded industry forecast for 2022.
Philip Goh, Regional Vice President for Asia Pacific of International Air Transport Association (IATA), made the remarks during a press conference at the 78th annual general meeting of the global airlines body here.
In 2021, overall traveller numbers were 47 per cent of the pre-COVID level, the International Air Transport Association (IATA) mentioned.
The parliamentary panel had recommended changing the code of Gaya airport from 'GAY' and also suggested an alternate code name like 'YAG'.
An industry watcher says SIA tying up with AI is a natural progression. For Vistara and AI to continue as two full fledged FSCs in India they will fight and compete with each other.
The International Air Transport Association is of the view that India might be using the pandemic as a pretext to go in for possible revision of bilateral agreements.
AERA decides what tariffs -- such as base airport charges, landing charges, parking charges and passenger service fee -- can major Indian airports charge an airline or a passenger for a particular period after considering the airports' expenditure and revenue projections for that period.
Managing Director and Chief Executive Officer Robert J Martin says the taxes in GIFT City are favourable, and the company is now studying funding-related aspects. Most probably, BOC Aviation will open a separate entity in 2022, he says.
Indian consumers deserve to have a quality sustainable airline serving the market, says Walsh.
Rononjoy Dutta added that India’s aviation market is big enough to accommodate two or three airlines.
"The lack of harmonised border measures, restrictions and procedures is a major cause of the failure to restart (international) travel," he said during a media briefing here at the 77th annual general meeting of International Air Transport Association (IATA).
IATA represents 290 member airlines comprising 82 percent of pre-pandemic global air traffic, and its pledge follows the lead of Europe's aviation industry which has embraced the European Union's emissions goals.
IndiGo is the only Indian airline, so far, to have signed up for the trial in which more than 40 international airlines are participating. The International Air Transport Association says the pass will facilitate international travel without the need to quarantine
The IATA Travel Pass will be a mobile app to help passengers easily and securely manage their travel in line with government requirements for COVID-19 tests or vaccines.
The travel trade expects a shortfall in international flights from India to Southeast Asian countries in August because of the rising demand for these destinations.
Recovery in international traffic continued to be stymied by extensive government travel restrictions, the global aviation industry body said.
Singapore Airlines, Air New Zealand, Emirates, Etihad and other airlines have signed up to trial the app.
Allegations were that the IATA was unfairly determining cargo agents’ commissions and the rules of its Cargo Accounts Settlement Systems (CASS) were anti-competitive.
This summer is make-or-break for many airlines and holiday companies which are struggling to survive with close to a year of almost no revenue due to pandemic restrictions.
To get the world in motion once again, Zurab Pololikashvili, secretary general, United Nations World Tourism Organisation, has called for the global adoption of vaccination passports as part of wider measures for safe resumption of international travel. Here’s a quick look at its current status.
India resumed its scheduled domestic passenger flights on May 25, 2020 after keeping them suspended for a period of two months due to the coronavirus-induced lockdown.
The IATA, which represents around 290 airlines comprising 82 percent of global air traffic, measures passenger growth in revenue passenger kilometres (RPKs), which is calculated by multiplying the number of passengers to the distance travelled by them.
The global airline industry is expected to see a net loss of $118.5 billion in 2020, with a recovery of $80 billion estimated in 20201, according to IATA’s November release. Despite the expected fall back, the industry is likely to experience a net loss of $38.7 billion next year, higher than that reported in 2008.