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30th of December 2010
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News Tag: International Air Transport Association

December 14, 2010

IATA continues to lift forecast for airline industry

by Kay Murchie
IATA continues to lift forecast for airline industry
The International Air Transport Association (IATA) has again revised its forecasts for the airline industry. According to the industry body, global airlines will make a profit of $15.1 billion (£9.5 billion) this year. The figure is 70% higher than its previous forecast made in September and significantly better than its anticipated loss of $2.8 billion in March. Most of the growth will ...




November 16, 2010

easyJet profit soars on rising passenger numbers

by Kay Murchie
easyJet profit soars on rising passenger numbers
Budget airline easyJet has today said profits have been boosted by a rise in passenger volumes and the group said it will pay its first ever dividend in 2012. The no-frills airline said passenger numbers grew 8% in the full-year to the end of September to 49 million, while profits totalled £154 million in the period - against £55 million a ...




September 21, 2010

Global airlines recovering faster than anticipated

by Kay Murchie
Global airlines recovering faster than anticipated
The International Air Transport Association (IATA) has today revised its forecasts for the airline industry and said the recovery had been "stronger and faster than anyone predicted". According to the industry body, global airlines will make profits of $8.9 billion (£5.7 billion) in 2010. The figure is a sharp upward revision from the one it made in June when it forecast a profit ...




August 16, 2010

IATA reports rise in demand for premium tickets

by Kay Murchie
IATA reports rise in demand for premium tickets
It appears the airline industry is recovering after a devastating time during the recession, which saw a slump in air travel. According to the airline industry body, International Air Transport Association (IATA), the number of passengers purchasing premium airline tickets grew again in June with demand for premium tickets up 16.6% on year. This compares with a 9.5% increase for economy ...




June 7, 2010

IATA forecasts profits for airlines in 2010

by Kay Murchie
”IATA
The International Air Transport Association (IATA) has revised its forecasts for the airline industry for this year after forecasting a loss in March. According to the industry body, global airlines will make profits of $2.5 billion (£1.7 billion) in 2010. In March, IATA forecast a loss of around $2.8 billion this year, following a severe fall of $9.4 billion in 2009 - ...




May 27, 2010

Airline traffic slumps in April

by Kay Murchie
”Airline
The International Air Transport Association (IATA) has today reported that international passenger traffic fell last month as flights were hit by the volcanic ash cloud from Iceland. The ash cloud has meant the recovery in the airline industry has taken a knock as flights were cancelled throughout the month. According to IATA, airline traffic fell by 2.4% in the month but European carriers were ...




April 14, 2010

British Midland announces cuts to jobs and flights

by Kay Murchie
British Midland announces cuts to jobs and flights
Lufthansa has announced it is planning to save £100 million pound at airline BMI, which involves slashing almost one quarter of its capacity and the loss of 800 jobs. The German owner also said the restructure will see BMI’s name changed back to its former name - British Midland International - believing that British Midland is a strong brand that ...




April 8, 2010

British Airways and Iberia sign merger deal

by Kay Murchie
’British
It has been confirmed that British Airways (BA) and Spanish airline Iberia have signed a deal to merge their operations. The merger, which was provisionally agreed last November, will be finalised this year and is set to create one of the world's largest airline groups, flying to more than 200 destinations The new company, which will have its headquarters in London, ...




March 25, 2010

Highland Airways enters administration

by Kay Murchie
”Highland
Scottish airline, Highland Airways, has gone into voluntary administration putting 100 jobs at risk. The company, which is based in Inverness and also has routes to Wales, called in administrators last night, PricewaterhouseCoopers (PwC), to take over the running of the business. The Civil Aviation Authority (CAA) said operations had been suspended "with immediate effect". The airline, which was established in 1991 as Air Alba, ...




March 15, 2010

Passenger numbers in record slump at UK airports

by Kay Murchie
”Passenger
Figures published by the Civil Aviation Authority (CAA) have revealed a severe decline in passenger numbers across UK airports in 2009. According to the CAA, the UK's airports handled 7.4% fewer passengers in 2009 than in 2008 - marking the biggest drop since records began just after World War II. It was also the first time levels have fallen two years ...




March 11, 2010

“Blue skies ahead”, say IATA

by Kay Murchie
“Blue skies ahead”, say IATA
According to the International Air Transport Association (IATA), the global airline industry is improving, with both passenger and freight numbers expected to grow this year. In January, the industry body said 2009 saw the biggest decline in air passenger traffic since the aftermath of World War II. The global economic downturn had a devastating impact on the airline industry, which led to a slump ...




February 26, 2010

JAL reports 177.9bn yen loss

by Kay Murchie
JAL reports 177.9bn yen loss
Japan Airlines (JAL), which last month filed for bankruptcy protection, has today posted a net loss of 177.9 billion yen (£1.31 billion, $2 billion) for the nine months to December 2009. The airline’s executive officer, Norikazu Saito, told reporters it suffered an operating loss of 120.8 billion yen on sales revenue of 1.14 trillion yen - a fall of around 27% against the ...




February 5, 2010

BA posts £50m loss in Q3

by Kay Murchie
”BA
British Airways (BA) has today reported a £50 million loss in the three months to December 31 2009, compared with the £122 million it lost in the same period a year earlier. However, the loss was much less than analysts’ predictions for a £151 million loss. Meanwhile, the airline posted a surprise £25 million operating profit in the three-month period, against a ...




January 27, 2010

Airline industry suffers worst ever year

by Kay Murchie
”Airline
The airline industry has been hit hard during the global economic downturn, which has led to a slump in demand for air travel with fewer people travelling. Many airlines went bust during the downturn, not just due to a fall in demand but also as a result of higher fuel prices. According to the International Air Transport Association (IATA), 2009 saw the biggest ...




December 16, 2009

British Airways to take legal action to prevent Christmas strike

by Kay Murchie
”British
In a bid to prevent the 12-day strike planned by cabin crew over Christmas, British Airways (BA) is to take legal action to prevent what could cause misery for millions of passengers this festive season. The Unite union has called a walkout from December 22 to January 2 in a dispute over working conditions, jobs and pay. On ...




November 25, 2009

bmi plans 600 job losses

by Kay Murchie
”bmi
Low-cost airline bmi has announced plans to axe around 600 jobs as part of a restructuring plan. The carrier, like many others around the world, has been hit by a slump in demand, higher fuel prices and increased competition. The economic downturn has meant many airlines have been forced out of business as fewer people are travelling by air. The restructure at bmi will see ...




November 9, 2009

Aer Lingus hit by dwindling passenger numbers

by Kay Murchie
”Aer
The global economic downturn has forced many airlines out of business as fewer people are travelling by air and Irish airline, Aer Lingus, is no exception. According to the carrier, long-haul numbers plummeted 13% in the three months to September with sales falling by 9.7% in the same period. However, the number of short-haul passengers was up 10% during the three month ...




October 26, 2009

State-backed turnaround body to oversee Japan Airlines

by Kay Murchie
State-backed turnaround body to oversee Japan Airlines
Asia’s largest carrier, Japan Airlines (JAL), is to be placed under the supervision of a state-backed turnaround body, according to reports. Speculation that the Enterprise Turnaround Initiative Corporation of Japan may take control of the loss-making airline next week sent its shares up 2.6%. The Enterprise Turnaround Initiative Corporation of Japan buys the debt of struggling companies and sends in turnaround specialists ...




October 6, 2009

British Airways to axe 1,700 cabin crew jobs and freeze pay

by Kay Murchie
”British
There is more turmoil for the airline industry today after British Airways (BA) continues to slash costs by wielding the axe on 1,700 cabin crew members and a two-year pay freeze. The airline admitted during the summer it was fighting to survive and has since been looking at ways to cut costs. BA, like many others, is struggling ...




September 17, 2009

Russian airline Aeroflot to cut 2,000 jobs

by Kay Murchie
”Russian
Russian airline Aeroflot has announced to plans to reduce its headcount by 13% - around 2,000 jobs in the next six months. The airline, which is 51% government owned, said profits had dived amid higher fuel prices and losses at its cargo operations, which declared bankruptcy in June. Furthermore, the airline hasn‘t ruled out further job cuts. In July, the airline announced ...




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