Global air passenger traffic dropped by 72.8% in September: IATA
Capacity was down by 63 percent compared to the previous year, and load factor dropped...
Tag : IATA
Airlines will need to cut more jobs, IATA says
Global airline revenue in 2021 will be down 46% compared to the 2019 figure of $838 bn...
Emirates, Etihad ask crew to take voluntary unpaid leave
The decision is part of the carrier’s plan to weather the Covid-19 crisis...
Air Traffic will not return to pre-Covid-19 level before 2024: IATA
Recovery in short-haul travel is still expected to happen faster than for long-haul travel...
Singapore Airlines raises $542 mn by securing its aircraft
The carrier has raised long-term loans by securing some Airbus A350-900s and Boeing 787-10s...
Egypt set to resume regular commercial flight operations
IATA estimates global airlines to lose $84.3 billion in 2020 and has projected a positive outlook for the industry in 2021...
Singapore Airlines secures additional $1 bn in credit facilities
This is in addition to the $6.32 bn it raised from a rights issue, to deal with the COVID-19 crisis...
Global air passenger traffic drops by 94.3% in April: IATA
According to IATA, it has not witnessed such decline in the history of IATA’s traffic series...
Airline debt to increase by 28% this year to $550 bn: IATA
The figure represents an increase of $120 bn in total debt, of which $67 bn comes from government loans...
Hong Kong’s unemployment rate highest in over a decade at 5.2%
The underemployment rate hit 3.1%, the highest in more than 15 years...