Global Airline Industry

The global airline industry is projected to report a lower loss at USD 6.9 billion in 2022, mainly due to stronger passenger yields and cost control by carriers amid rising fuel prices, according to industry body IATA. In June, the International Air Transport Association (IATA) projected the industry loss at USD 9.7 billion. In October 2021, it forecast a loss of USD 11.6 billion for this year. On Tuesday, IATA said the global airline industry is expected to return to profitability in 2023 and post a small net profit of USD 4.7 billion. After being significantly impacted by the coronavirus pandemic, the airline industry is on the recovery path. In 2022, airline net loss is expected to be USD 6.9 billion. This is significantly better than loss of USD 42 billion and USD 137.7 billion in 2021 and 2020, respectively, it said. "We are on the right path... but still a long way to go," IATA Director General Willie Walsh said at a briefing here on Tuesday. For 2022, IATA said the improve

Statistics raise questions about how a nation, placed 135th among 146 countries on the World Economic Forum's ranking of nations based on gender parity, was able to reverse the trend in the industry

Director General of IATA Willie Walsh said that while the outlook for airlines globally is positive, the business environment remains challenging.

China, which is still clinging onto its zero COVID strategy and experiencing significant lockdowns in its major cities, is expected to see deterioration in its domestic air travel market in March

The fallout to aviation industry from Ukraine crisis is spreading beyond the airspace closings over conflict zone as airlines and manufacturers face up to growing risk of doing business with Russia.

'Things will get worse for the Indian aviation industry before they get better,' says industry official

Globally, scheduled capacity is stuck at about 58% of pre-pandemic levels, says John Grant, chief analyst at aviation data specialist OAG

Britain this week announced passengers arriving from certain countries would have to enter mandatory hotel quarantine for 10 days, a similar system to Australia

2021 is shaping up to be a transition year for an enterprise that takes passengers on the equivalent of 208 million annual trips around the globe

United Airlines Holdings Inc. has begun flights to ready Pfizer's vaccine for distribution if it receives regulatory approval, said a person familiar with the matter

Slot rules and their suspension have big ramifications for airline competition and market access for low-cost carriers, which were making ever deeper inroads before the pandemic

According to IATA's assessment, COVID-19 vaccine won't be widely available till the second half of 2021

The company has opted for an Irish process since its aircraft assets are held in Ireland

DGCA says will examine Federal Aviation Administration's order and then take a call

Airlines are urging governments to introduce more testing and travel bubbles to help spur demand

The loss was far larger than the 920 million euros forecast by analysts, illustrating the scale of the challenge faced by IAG's new boss Luis Gallego who took over in September

As part of its cost-saving efforts, the airline plans to cut its fleet of aircraft by about 25, said the source, who declined to be named due to the sensitivity of the matter

As the first chills of winter arrive, it's increasingly clear that the industry is as deep in the hole as it ever was

Full-year passenger traffic is set to decline 66%, the International Air Transport Association (IATA) said, compared with a previously forecast 63% decline

"This is a rate of decline never seen in the history of IATA's traffic series, which dates back to 1990," said a press release by the organisation that has around 300 airlines as its members