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Tag: IATA

Aviation

Airlines face $11b loss in 2025 amid aircraft delivery delays

Airlines are projected to lose over $11 billion in 2025 due to ongoing delays in aircraft and parts deliveries. A joint report by the International Air Transport Association and consulting firm Oliver Wyman reveals that global commercial aircraft production is failing to keep pace with demand. The study notes a record backlog of more than […]

IATA, weather company collaborate on data
Aviation

IATA seeks raising pilots retirement age to 67

The International Air Transport Association has submitted a proposal to raise the pilot retirement age from 65 to 67, which will be reviewed by the International Civil Aviation Organisation at its General Assembly starting September 23. Representing about 350 airlines, IATA described the change as a “cautious but reasonable step consistent with safety.” Under current […]

IATA, weather company collaborate on data
Aviation

IATA unveils roadmap to net-zero aviation by 2050

The International Air Transport Association will spearhead a global drive for greener aviation at its two-day World Sustainability Symposium in Hong Kong, scheduled for October 21–22, 2025, with a net-zero target set for 2050. The announcement, issued Tuesday by Marie Thomsen, IATA’s Senior Vice President for Sustainability and Chief Economist, positions the event between the […]

Aviation

IATA projects 4.1% annual growth for African aviation sector

The International Air Transport Association has projected that Africa’s aviation sector will grow at an average annual rate of 4.1 per cent over the next 20 years, with the market expected to double in size by 2044. The forecast was revealed by Somas Appavou, IATA’s Regional Director for External Affairs in Africa, in a press […]

Aviation

Airlines may delay aircraft deliveries over US tariff uncertainty – IATA

Director-General of International Air Transport Association,Willie Walsh, has said that Airlines could hesitate to accept aircraft deliveries amid ongoing uncertainty over United States tariffs and their potential impact on plane costs. This was disclosed by Walsh on Wednesday while speaking at a media roundtable in Singapore. “It’s not just going to be a major Boeing […]

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 […]

News

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 […]

News

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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