airline industry – आवारा मुसाफिर

Arriving at the airport ‘Ready to Fly’ is closer to reality

December 7, 2022251 Views

International Air Transport Association has developed new industry standards The International Air Transport Association (IATA) has developed industry standards which will bring the aim of having travelers arrive at airports ready-to-fly one step closer to reality. The newly released Recommended Practice on Digitalization of Admissibility will enable travelers to digitally prove admissibility to an international destination, avoiding a stop at the check-in desk or boarding gate for document checks. Under the One ID initiative airlines are working with IATA to digitalize the passenger experience at airports with contactless biometric-enabled processes. Self check in kiosks are seen in the new terminal at Orlando International Airport, Tuesday, Sept. 6, 2022 in Orlando,...

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Airlines cut losses in 2022; return to profit in 2023

AWARA MUSAFIR BUREAU

December 6, 2022726 Views

The International Air Transport Association (IATA) expects a return to profitability for the global airline industry in 2023 as airlines continue to cut losses stemming from the effects of the COVID-19 pandemic to their business in 2022. In 2023, airlines are expected to post a small net profit of $4.7 billion—a 0.6% net profit margin. It is the first profit since 2019 when industry net profits were $26.4 billion (3.1% net profit margin). In 2022, airline net losses are expected to be $6.9 billion (an improvement on the $9.7 billion loss for 2022 in IATA’s June outlook). This is significantly better than losses of $42.0 billion and $137.7 billion that were realized in 2021 and 2020 respectively. Resilience has been the hallmark for airlines in the COVID-19 crisis. As we look to 2...

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Strong international traffic propels continuing air travel recovery

AWARA MUSAFIR BUREAU

June 9, 2022305 Views

The International Air Transport Association (IATA) announced that air travel resumed its strong recovery trend in April, despite the war in Ukraine and travel restrictions in China. This was driven primarily by international demand. Total demand for air travel in April 2022 (measured in revenue passenger kilometers or RPKs) was up 78.7% compared to April 2021 and slightly ahead of March 2022’s 76.0% year-over-year increase. April domestic air travel was down 1.0% compared to the year-ago period, a reversal from the 10.6% demand rise in March. This was driven entirely by continuing strict travel restrictions in China, where domestic traffic was down 80.8% year-to-year. Overall, April domestic traffic was down 25.8% versus April 2019. International RPKs rose 331.9% versus April...

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Singapore Airshow returns under shadow of slow aviation recovery

AWARA MUSAFIR BUREAU

February 11, 20221152 Views

The Asia-Pacific aviation industry's slow recovery from the pandemic amid government restrictions will cast a shadow over the Singapore Airshow next week, despite signs of improvement as concerns over the Omicron variant recede. The biennial event has bookended the pandemic, with the 2020 edition disrupted by the virus emerging from China and the latest show coming as the industry attempts to plot a way out of what became its biggest and most costly crisis. FILE PHOTO: A general view of the static display of aircrafts during a media preview of the Singapore Airshow in Singapore February 9, 2020. REUTERS/Edgar Su International passenger travel in the region was down 93% from pre-pandemic levels last year, leaving airlines heavily reliant on freight for revenue, and the Chinese out...

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Airline Industry statistics confirm 2020 was worst year on record

AWARA MUSAFIR BUREAU

August 3, 2021767 Views

The International Air Transport Association (IATA) released the IATA World Air Transport Statistics (WATS) publication with performance figures for 2020 demonstrating the devastating effects on global air transport during that year of the COVID-19 crisis. 8 billion passengers flew in 2020, a decrease of 60.2% compared to the 4.5 billion who flew in 2019Industry-wide air travel demand (measured in revenue passenger-kilometers, or RPKs) dropped by 65.9% year-on-yearInternational passenger demand (RPKs) decreased by 75.6% compared to the year priorDomestic air passenger demand (RPKs) dropped by 48.8% compared to 2019Air connectivity declined by more than half in 2020 with the number of routes connecting airports falling dramatically at the outset of the crisis and was down more than 6...