IATA – आवारा मुसाफिर

Fully digital travel experience closer to reality

October 30, 202497 Views

The International Air Transport Association (IATA) and its partners have successfully demonstrated that the industry is ready to deliver a fully digital air travel experience. This was achieved in a proof-of-concept (PoC) involving two passengers using different digital wallets and travel credentials on a round-trip between Hong Kong and Tokyo. IATA partnered with Cathay Pacific, Hong Kong International Airport, Narita International Airport, Branchspace, Facephi, NEC, Neoke, Northern Block and SICPA for the travel which took place on 21 and 22 October. The airport elements of this PoC were conducted in a live environment, building on an initial PoC carried out in a test environment in 2023. In the PoC, two travelers used digital wallets containing their digital passport, company...

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IVL increase to hurt New Zealand Travel & Tourism, says IATA

AWARA MUSAFIR BUREAU

September 3, 2024214 Views

The International Air Transport Association (IATA) expressed disappointment with the New Zealand Government's decision to increase the International Visitor Conservation and Tourism Levy (IVL). “It has been a double whammy for the New Zealand travel and tourism sector, starting with New Zealand Immigration announcing steep increases in visa fees, and now the increase in the IVL. These changes make travel to New Zealand more expensive and less attractive and could further delay the recovery in visitor numbers to beyond 2026,” said Dr. Xie Xingquan, IATA’s Regional Vice President for North Asia and Asia-Pacific (ad interim). The recovery of the New Zealand aviation market currently lags behind major markets such as Australia, Canada, France, Spain, the UK, and the US. These market...

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Airline industry will spend $291 billion on fuel in 2024

AWARA MUSAFIR BUREAU

August 12, 2024156 Views

It is $100 billion more than pre-pandemic levels After a significant drop caused by the COVID-19 pandemic, global airline fuel spending has been continually rising and is on the brink of setting a new record this year. According to data presented by Stocklytics.com, the global airline industry is forecasted to spend a whopping $291 billion on fuel in 2024, or $100 billion more than five years ago. $100 billion higher cost for the same amount of fuel While it's become quite usual for one of the world's biggest fuel consumers to spend hundreds of billions of dollars on fuel each year, today, airlines are spending much more on the same amount of fuel as five years ago. According to the latest Air Transport Global Outlook published by the International Air Tran...

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Aviation industry supporting the Olympic story

AWARA MUSAFIR BUREAU

August 1, 2024158 Views

Air passenger demand up 9.1% in June, as per IATA data The International Air Transport Association (IATA) released data for June 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometers (RPK), was up 9.1% compared to June 2023. Total capacity, measured in available seat kilometers (ASK), was up 8.5% year-on-year. The June load factor was 85.0% (+0.5 percentage points (ppt) compared to June 2023). International demand rose 12.3% compared to June 2023. Capacity was up 12.7% year-on-year and the load factor improved to 85.0% (-0.3ppt on June 2023). Domestic demand rose 4.3% compared to June 2023; capacity was up 2.1% year-on-year and the load factor was 85.0% (+1.7ppt compared to June 2023). “Demand grew across all ...

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Air passenger demand up 10.7% in May

AWARA MUSAFIR BUREAU

July 3, 2024187 Views

The International Air Transport Association (IATA) released data for May 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometers (RPKs), was up 10.7% compared to May 2023. Total capacity, measured in available seat kilometers (ASK), was up 8.5% year-on-year. The May load factor was 83.4% (+1.7ppt compared to May 2023), a record high for May. International demand rose 14.6% compared to May 2023. Capacity was up 14.1% year-on-year and the load factor improved to 82.8% (+0.3ppt on May 2023). Domestic demand rose 4.7% compared to May 2023; capacity was up 0.1% year-on-year and the load factor was 84.5% (+3.8ppt compared to May 2023). “Strong demand for travel continues with airlines posting a 10.7% year-on-year increas...

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Airline profitability outlook improves for 2024

AWARA MUSAFIR BUREAU

June 3, 2024268 Views

The International Air Transport Association (IATA) has announced strengthened profitability projections for airlines in 2024 compared with its June and December 2023 forecasts. An aggregate return above the cost of capital, however, continues to elude the global airline industry. Outlook highlights include: Net profits are expected to reach $30.5 billion in 2024 (3.1% net profit margin). That will be an improvement on 2023 net profits which are estimated to be $27.4 billion (3.0% net profit margin). It is also an improvement on the $25.7 billion (2.7% net profit margin) forecast for 2024 profits that IATA released in December 2023. Return on invested capital in 2024 is expected to be 5.7%, which is about 3.4 percentage points (ppt) below the average cost of capital. Operating...

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Passenger demand up 21.5% in February

AWARA MUSAFIR BUREAU

April 5, 2024312 Views

The International Air Transport Association (IATA) released data for February 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometers (RPKs), was up 21.5% compared to February 2023. Total capacity, measured in available seat kilometers (ASK), was up 18.7% year-on-year. The February load factor was 80.6% (+1.9ppt compared to February 2023). International demand rose 26.3% compared to February 2023; capacity was up 25.5% year-on-year and the load factor improved to 79.3% (+0.5ppt on February 2023). Domestic demand rose 15.0% compared to February 2023; capacity was up 9.4% year-on-year and the load factor was 82.6% (+4.0ppt compared to February 2023). Note that February 2024 was a leap year with one extra day compared...

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Passenger demand up 16.6% in January

AWARA MUSAFIR BUREAU

March 7, 2024357 Views

The International Air Transport Association (IATA) released data for January 2024 global passenger demand indicating a strong start for the year. Total demand, measured in revenue passenger kilometers (RPKs), was up 16.6%; total capacity, measured in available seat kilometers (ASK), was up 14.1%; and the load factor was 79.9% (+1.7pt) International demand rose 20.8%; capacity was up 20.9% and the load factor remained at 79.7% (+0.0pt) Domestic demand rose 10.4%; capacity was up 4.6% and the load factor was 80.2% (+4.2pt) “2024 is off to a strong start despite economic and geopolitical uncertainties. As governments look to build prosperity in their economies in the busiest election-year ever, it is critical that they see aviation as a catalyst for growth. Increased taxes and ...

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2023 was safest year for flying by several parameters

AWARA MUSAFIR BUREAU

February 28, 2024439 Views

The International Air Transport Association (IATA) released its 2023 Annual Safety Report for global aviation. Aviation continues to make progress on safety with several 2023 parameters showing “best-ever” results. There were no hull losses or fatal accidents involving passenger jet aircraft in 2023. However, there was a single fatal accident involving a turboprop aircraft, resulting in 72 fatalities. There were 37 million aircraft movements in 2023 (jet and turboprop), an increase of 17% on the previous year. Report highlights include: • The all accident rate was 0.80 per million sectors in 2023 (one accident for every 1.26 million flights), an improvement from 1.30 in 2022 and the lowest rate in over a decade. This rate outperformed the five-year (2019-2023) rolling a...

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Global air travel demand continued its bounce back in 2023

AWARA MUSAFIR BUREAU

January 31, 2024532 Views

The International Air Transport Association (IATA) has announced that the recovery in air travel continued in December 2023 and total 2023 traffic edged even closer to matching pre-pandemic demand. • Total traffic in 2023 (measured in revenue passenger kilometers or RPKs) rose 36.9% compared to 2022. Globally, full year 2023 traffic was at 94.1% of pre-pandemic (2019) levels. December 2023 total traffic rose 25.3% compared to December 2022 and reached 97.5% of the December 2019 level. Fourth quarter traffic was at 98.2% of 2019, reflecting the strong recovery towards the end of the year. • International traffic in 2023 climbed 41.6% versus 2022 and reached 88.6% of 2019 levels. December 2023 international traffic climbed 24.2% over December 2022, reaching 94.7% of the level in Decem...