Global air freight market remains depressed, says AITA

Global air freight market

Global air freight market remains depressed, says AITA Expects full recovery by March 2021   The International Air Transport Association (IATA) has released data for global air freight markets for the last two months, showing that freight volumes improved compared to three months but remain depressed compared to 2019. According to the global airlines’ regulator, capacity remained  constrained from the loss of available belly cargo space as passenger aircraft remain parked on account of the Covid -19 pandemic . Global demand, according to IATA, which is measured in cargo tonne-kilometers…

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IATA warns global carriers on cost, revenues

ACI World, IATA in joint push for globally consistent approach to testin

The International Air Transport Association (IATA) has cautioned airlines that to keep their operations afloat, there is the need to align their operating costs in line with their revenues. Alexander de Juniac, chief executive officer (CEO) of the global airlines’ regulator, said without working on that formula there will be disruptions in air transport value chain. Speaking in an online interview, Juniac said careful management of costs will likely not see costs fall in proportion to reductions in flying. De Juniac said: “Doing that is a difficult balancing act because…

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IATA: Global airline traffic to fall by 66% in 2020

IATA: Global airline traffic to fall by 66% in 2020

The fortune of airline operators across the globe is dwindling and any hope of quick recovery from the abyss is fading due to the lingering negative impact of conavirus movement restrictions that has continued to bite deep into their revenue. This became more pronounced in the latest outlook for airline patronage for the the rest of the year 2020 just released by  Airthe International Transport Association (AITA) which further downgrade prospects for the last quarter of the year. Global airlines have revised traffic forecasts lower, IATA, the sector federation said…

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