AGM – आवारा मुसाफिर

Airline profitability to strengthen slightly in 2025 despite headwinds

June 2, 202586 Views

The International Air Transport Association (IATA) announced updates to its 2025 airline industry financial outlook, showing improved profitability over 2024 and resilience in the face of global economic and political shifts. Highlights from the expected 2025 financial performance include: Net profits at $36.0 billion, improved from the $32.4 billion earned in 2024, but slightly down on the previously projected $36.6 billion (December 2024). Net profit margin at 3.7%, improved from the 3.4% earned in 2024 and the previously projected 3.6%. Return on invested capital at 6.7%, improved from the 6.6% earned in 2024 and largely unchanged from previous projections. Operating profits at $66.0 billion, improved from an estimated $61.9 billion in 2024, but down from the previously...

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Aviation leaders assemble in New Delhi for IATA’s 81st AGM

AWARA MUSAFIR BUREAU

May 30, 2025170 Views

The International Air Transport Association (IATA) has announced that leaders of the global aviation industry are gathering for the 81st IATA Annual General Meeting (AGM) and World Air Transport Summit (WATS) which will take place in New Delhi, India from 1-3 June 2025. India’s Prime Minister, Narendra Modi, is expected to deliver a keynote address to delegates. IndiGo is the host airline of the event, which was last held in India in 1983. Some 1,700 participants are registered to attend, including industry leaders, government officials and media. “We are excited to bring the IATA AGM to India after a 42-year gap. India’s place in global aviation has changed dramatically, particularly over the last decade. The country has seen record aircraft orders, impressive growth, and world...

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Aviation Leaders Assemble in Doha for IATA’s 78th AGM

AWARA MUSAFIR BUREAU

June 17, 2022661 Views

The International Air Transport Association (IATA), announced that leaders of the global aviation industry are gathering in Doha, Qatar, for the 78th IATA Annual General Meeting (AGM) and World Air Transport Summit (WATS), with Qatar Airways as the host airline. The event (19-21 June) attracts the industry’s most senior leaders from among IATA’s 290 member airlines, as well as leading government officials, strategic partners, equipment suppliers, and media. “In a few days, Doha will become the aviation capital of the world. The last time we met in Doha, in 2014, we were celebrating the 100th anniversary of the first airline flight. This year’s AGM is another momentous occasion: Airlines are simultaneously recovering from the COVID-19 crisis, setting the path to achieving net zer...

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Call to consider aviation workers as essential for vaccination

AWARA MUSAFIR BUREAU

December 16, 2020760 Views

The International Air Transport Association (IATA) renewed its call on governments to ensure that employees in the aviation sector are considered as essential workers during the impending COVID-19 vaccine campaign, once health care workers and vulnerable groups have been protected. IATA’s 76th Annual General Meeting (AGM) had unanimously adopted a resolution to this effect. “We are not asking for aviation workers to be on top of the list, but we need governments to ensure that transportation workers are considered as essential when vaccine roll-out plans are developed. The transportation of the COVID-19 vaccines has already begun, and as calculations show, it will require the equivalent of 8,000 Boeing 747 freighter aircraft for global distribution. It is therefore essential tha...

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Willie Walsh will now head the IATA

AWARA MUSAFIR BUREAU

November 25, 2020828 Views

Industry veteran Willie Walsh will now lead the International Air Transport Association (IATA) as the new Director General. IATA announced leadership major changes approved by the 76th IATA Annual General Meeting (AGM) in Geneva. Robin Hayes, CEO of JetBlue is now the Chair of the IATA Board of Governors (BoG), succeeding Carsten Spohr, Chair IATA BoG (2019-2020) and CEO of Lufthansa. Hayes will serve a term commencing immediately and ending at the conclusion of the Association’s 78th Annual General Meeting to be held in 2022. Hayes will serve an extended term as Chair covering two AGMs due the disruption to governance cycles necessitated by the COVID-19 crisis.Rickard Gustafson, CEO of SAS Group will serve as Chairman of the BoG from the conclusion of the 78th IATA AGM in 2022 u...

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Call for reopening borders with testing and without quarantine

AWARA MUSAFIR BUREAU

November 24, 2020489 Views

IATA AGM also requests governments to support safe and sustainable industry restart The International Air Transport Association (IATA) 76th Annual General Meeting (AGM) unanimously resolved to urgently call on governments to re-open borders to travel. IATA is proposing systematic testing of international travelers which would permit the lifting of border restrictions and provide an alternative to current quarantine rules. Quarantines essentially kill demand for air travel and governments need to immediately consider the drastic socio-economic effect this is having. International air travel continues to be down 90% on 2019 levels. Current estimates are that as many as 46 million jobs supported by air travel could be lost and that the economic activity sustained by aviation will be re...