International Air Transport Association

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

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

Business / Economics

International Air Transport Association Reports Strong Start for Global Passenger Demand in January 2024

The International Air Transport Association has unveiled data for the January 2024 global passenger demand, signaling a robust beginning for the year. Total demand, measured in revenue passenger kilometers, surged by 16.6%. International demand experienced a notable increase of 20.8%, while domestic demand saw a solid rise of 10.4%. Linden Birns, IATA's Public and Media Relations Advisor, shares further insights.

March 19, 2024 15