Global Airline Industry

Global airline industry set to post $6.9 billion loss in 2022: IATA

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

At 12.4 per cent, India has twice the number of female pilots as the US

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

Airlines' losses globally likely to be down to $ 9.7 bn this year: IATA DG

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

Global air travel rebounds as Indians resume visiting Southeast Asia

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

Airlines shift attention to Russia risks as Ukraine airspace is closed

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.

Where can you fly right now? India's outbreak stalls global travel rebound

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

Global air travel stuck behind 2019 level, capacity at 58% of pre-Covid

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

Travel likely to remain subdued till 2021-end due to Covid curbs: Emirates

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

Out of cash, but airlines try ultra-cheap fares to get people flying again

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

Airlines face 'mission of the century' in shipping coronavirus vaccines

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

Aviation bodies seek suspension of airport slot access rules till Oct 2021

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

Can't wait for majority to be vaccinated, need to open borders now: IATA DG

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

Norwegian Air seeks bankruptcy protection as Covid pandemic takes toll

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

US regulator rescinds ban, clears runway for Boeing Max 737's return

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

Winter survival test is coming for airlines as coronavirus cases rebound

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

British Airways owner IAG posts 1.3 bn euro loss in 3rd qtr, cuts schedule

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

Hit by pandemic, Japan's ANA to suffer $4.8 bn net loss this year: Report

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

The worst for aviation industry is probably ahead of it, rather than behind

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

IATA reduces global air traffic outlook as coronavirus crisis drags on

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

Global air passenger travel plunges 94.3% in April due to Covid-19: IATA

"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