IATA

7th Tri-National Meeting on Air Passenger Rights

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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

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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

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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 

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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

European Air Fares Rising Slower than Inflation

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Amsterdam – The International Air Transport Association (IATA) released data showing that travelers in Europe are benefiting from air fares that are undercutting inflation, as the market continues its post-COVID recovery.   Latest traffic figures show that European carriers sit just 3.6% down on the 2019 peak. Europeans are traveling despite the inflationary environment: In June, average … Read more