Global Air Transport Revenue Loss Increases To $252bn   The International Air Transport Association says the expected impact of the coronavirus on global air transport has risen to $252bn. IATA updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry...

African Airlines To Lose $40m To Covid-19 Flight Disruption   Airlines in Nigeria and other African countries have been estimated to lose $40 million in revenue this year over flight disruption due to coronavirus spread. Though the losses are in varying degrees, airlines operating on the Chinese...

Coronavirus: IATA Projects $29.3bn Global Revenue Loss Due To Outbreak   The International Air Transport Association has projected a global revenue loss of $29.3bn due to the outbreak of coronavirus. The IATA made the announcement after its initial assessment of the impact of the coronavirus 2019 outbreak...

African Carriers See 19.8% Increase In Freight Demands - IATA   The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), and decreased by 1.1% in November 2019, compared to the same period in...

IATA Predicts 13.13% Rise In Airlines’ Profits   The International Air Transport Association says the global airline industry will have a 13.13 per cent increase in net profit this year. The association forecast that the industry would produce a net profit of $29.3bn in 2020, improved over...

Global Passenger Traffic Increases By 3.4% Ahead Of Peak Season   The International Air Transport Association (IATA) yesterday announced global passenger traffic data for October 2019, showing that demand climbed 3.4 per cent compared to the year-ago period. This was a modest slowdown from 3.9 percent growth...