IATA's Public and Media Relations Advisor

Air Cargo Demand Surges in July, Marking Strong Year for the Industry

The International Air Transport Association's July analysis shows a 13.6% increase in air cargo demand compared to July last year, marking the eighth consecutive month of double-digit growth. The air cargo sector is benefiting from global trade expansion, booming e-commerce, and maritime shipping constraints, setting the stage for a robust year. IATA's Public and Media Relations Advisor, Linden Birns.

August 29, 2024 24

Business / Economics

Global Air Passenger Demand Up 9.1% in June

In June, global passenger demand increased by 9.1% year-on-year, with capacity rising 8.5% and a load factor of 85.0%. International travel surged by 12.3%, while domestic demand grew by 4.3%. IATA's Public and Media Relations Advisor, Linden Birns.

August 7, 2024 22

Business / Economics

April 2024 Air Travel Demand Surges According To International Air Transport Association

The International Air Transport Association reported an 11.0% increase in global passenger demand for April 2024 compared to April 2023, with capacity up 9.6% and a load factor of 82.4%. International travel demand rose 15.8%, and domestic demand increased by 4, with load factors of about 82% and 82.6 respectively. All regions showed strong growth, with capacity effectively meeting demand. Here is IATA's Public and Media Relations Advisor, Linden Birns. […]

June 6, 2024 30

Business / Economics

Airlines’ Profit Projections Improve for 2024

The International Air Transport Association has upgraded its profitability forecasts for airlines in 2024, surpassing its June and December 2023 projections. Despite this positive outlook, the global airline industry still struggles to achieve returns above the cost of capital. Net profits are expected to rise to $30.5 billion in 2024. IATA's Public and Media Relations Advisor, Linden Birns.

June 4, 2024 37