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Tag: IATA

Aviation

Airlines adopts IATA’s new fuel management solution

GOL and TAP Air Portugal are the first airlines to adopt FuelIS, a new advanced analytics tool developed by the International Air Transport Association to help optimize fuel use and improve environmental performance. According to IATA, FuelIS enables airlines to identify operational inefficiencies and makev data-driven decisions that cut fuel costs and lower carbon emissions. […]

Aviation

IATA removes Nigeria from list of countries with blocked funds

The International Air Transport Association has confirmed that Nigeria has been removed from the list of countries with blocked airline funds, also known as unrepatriated or trapped revenues. Speaking at a press briefing during IATA’s recent Annual General Meeting, the association’s regional vice-president for Africa, the Middle East,Europe, Kamil Al-Awadhi, acknowledged ongoing challenges with blocked […]

Logo of the International Air Transport Association
Business

Airline industry gains from declining oil prices – IATA

The global aviation industry is gaining from lower oil prices, which are reducing the cost of kerosene, according to the head of the International Air Transport Association. The Director General of the IATA, Willie Walsh, stated that falling oil prices are helping to lower airline ticket costs, as reduced fuel expenses make it cheaper for […]

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IATA projects $1tn revenue, record passenger numbers by 2025

The International Air Transport Association has forecasted a milestone 2025 industry revenue exceeding $1 trillion, alongside record passenger numbers. However, IATA’s chief, Willie Walsh, highlighted significant challenges due to delays in aircraft deliveries from Boeing, Airbus, and their suppliers, which are restricting airlines’ growth. These delays stem from supply chain issues and production constraints. Airlines […]

Aviation

IATA removes Nigeria from list of countries blocking airline revenue

The International Air Transport Association has removed Nigeria from the list of countries that failed to allow the repatriation of foreign airlines’ revenue. This decision followed the Nigerian government’s clearance of all revenue backlogs owed to foreign airlines earlier this year. Blocked funds globally as of Monday, amounted to $1.7 billion. In January 2024, the […]

Aviation News

Africa-Asia air cargo routes surge 37.5% in June 

The air cargo route between Africa and Asia has seen exceptional yearly growth, with an astounding 37.5% increase in June 2024. This is critical for Nigeria, as its aviation sector is integral to Africa’s industry, with substantial cargo traffic to and from Nigeria, impacting the country’s economy and trade. For Nigeria, this is critical since […]

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Aviation fuels will triple to 1.9bn liters in 2024 – IATA

The International Air Transport Association has said that the production of Sustainable Aviation Fuels is expected to triple to 1.9 billion liters in 2024. This would cover 0.53% of the fuel required by aircraft in 2024. Governments could implement several policy initiatives to speed up the usage of SAF. The Director General of IATA, Willie […]

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CBN clears $831m foreign airlines’ trapped funds – IATA

The International Air Transport Association has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from June last year to date. This was disclosed by the Director-General of IATA, Willie Walsh, in a statement on Sunday, according to The Punch. International airlines now have over $1.8 billion in funds […]

FG's 10-man panel to investigate airlines over fare hike
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FG’s 10-man panel to investigate airlines over fare hike

The Nigeria Civil Aviation Authority’s CEO, Chris Najomo, has appointed a 10-member committee to investigate international airlines over their exorbitant charges in an effort to lower the cost of air travel for Nigerians. The PUNCH stated that, this was revealed in a news release sent to media on Thursday and signed by NCAA Director-General Chris […]

IATA, weather company collaborate on data
Business

IATA, weather company collaborate on data

The Weather Company and the International Air Transport Association are working together to provide airlines with improved weather information pertaining to turbulence. The PUNCH reported that an IATA statement showed that The Weather Company, which provides aviation solutions to the majority of commercial airlines in North America and many others worldwide, is using the association’s […]

Air cargo demand rises by 18.4% January - IATA
Aviation News

Demand for air travel rises by 22% – IATA

The African aviation sector had a 22.1% rise in Revenue Passenger kilometres for November 2023 compared to the same time the previous year, data from the International Air Transport Association stated. “During the month under review, African airlines had a 22.1 per cent rise in demand; however, capacity increased by 29.6 per cent causing a […]

IATA, weather company collaborate on data
Aviation

Why aviation industry hasn’t recovered from pandemic losses – IATA

The aviation industry is still getting over the losses from the pandemic that severely disrupted airline operations around the world, according to the International Air Transport Association. The Punch reported that Africa’s aviation industry is predicted to have suffered $7.7 billion in losses in 2020 as a result of government restrictions imposed to stop the […]

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