The Value of Air Transport – Country Reports

IATA’s Value of Air Transport studies provide a detailed analysis of aviation’s direct and indirect contributions to national economies. Covering over 80 countries, these reports assess the industry’s role in GDP, employment, and key aviation metrics such as connectivity and affordability. They highlight the sector’s far-reaching impact, from boosting productivity and investment to enabling faster, … Read more

7th Tri-National Meeting on Air Passenger Rights

The 7th Tri-National Meeting on Air Passenger rights took place last week in Bern. Also the Board of Airline Representatives in Switzerland was present with around 130 other people and companies. A great place to network and get first hand information. The full article can be found here: https://www.linkedin.com/posts/federal-office-of-civil-aviation-switzerland_7th-tri-national-meeting-on-air-passenger-activity-7250108005621350400-sZGA?utm_source=share&utm_medium=member_desktop

FOCA: 2023 Annual Safety Report published

Bern, 01.05.2024 – The Federal Office of Civil Aviation (FOCA) processed almost 10,000 incident reports in 2023. These contribute to the ongoing improvement of safety on the ground and in the air. Annual safety statistics are published in the Annual Safety Report. This year’s report has just come out, and includes the positive news that there were no … Read more

Airlines Set to Earn 2.7% Net Profit Margin on Record Revenues in 2024

Geneva – The International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2023, which will then largely stabilize in 2024. However, net profitability at the global level is expected to be well below the cost of capital in both years. Very significant regional variations in financial performance remain.  Read more: https://go.updates.iata.org/webmail/123902/1612473891/221d7ebc3f1ee6bc107cfd68e20df831e51a57b600c5b807e5941c46823ece3d

Air Cargo Demand up 3.8% in October 

Geneva – The International Air Transport Association (IATA) released data for October 2023 global air cargo markets indicating the third consecutive month of stronger year-on-year demand. Global demand, measured in cargo tonne-kilometres (CTKs*), increased by 3.8% compared to October 2022. For international operations, the demand lagged slightly at 3.5%.  Capacity, measured in available cargo tonne-kilometres (ACTKs), … Read more