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IATA Estimates Deeper Revenue Hit From COVID-19

Chennai: Port Wings News Network: The International Air Transport Association (IATA) updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry. Owing to the severity of travel restrictions and the expected global recession, IATA now estimates that industry passenger revenues could plummet $252 …

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IATA Requests Urgent Emergency Support for Airlines

Chennai: Port Wings News Network: The International Air Transport Association (IATA) is appealing to governments in Africa and the Middle East, as part of a worldwide campaign, to provide emergency support to airlines as they fight for survival due to the evaporation of air travel demand as a result of …

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Air Cargo Essential to Fight Against COVID-19: IATA

Chennai: Port Wings News Network: The International Air Transport Association (IATA) and its members continue to support governments in their efforts to contain the spread of COVID-19. Since the crisis began, air cargo has been a vital partner in delivering much-needed medicines, medical equipment (including spare parts/repair components), and in …

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Air Cargo Demand Down 3.3% in January 2020: IATA

Chennai: Port Wings News Network: The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in cargo tonne kilometers (*CTKs), decreased by 3.3% in January 2020, compared to the same period in 2019. “January marked the tenth consecutive month of year-on-year declines in …

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IATA Requests Global Suspension of Slot Rules Due to Coronavirus

Chennai: Port Wings News Network: The International Air Transport Association (IATA) is contacting aviation regulators worldwide to request that the rules governing use of airport slots be suspended immediately and for the 2020 season, due to the impact of COVID-19 (the Coronavirus). Around 43% of all passengers depart from over …

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