World Airlines Rally Governments To Financial, Regulatory Support         World airlines have again hinged the industry’s rebound from the effects of the COVID-19 pandemic on governments’ financial and regulatory support. The airlines, rising from the 76th Annual General Meeting (AGM) of the International Air Transport Association (IATA),...

IATA Predicts $118.5bn Loss For Airlines In 2020/2021         The International Air Transport Association has predicted heavier losses for the aviation industry in 2020 and 2021. According to a report titled ‘Deep losses continue into 2021’, IATA predicted a net loss of $118.5bn for 2020 (higher than...

African Air Cargo Demand Surges Amid Global Downturn         Air cargo demand and movement have recorded a surge in the African region, though global demand still remains weak on account of the COVID-19 aviation disruptions. The International Air Transport Association (IATA) in the September data for global...

Airlines, Workers Seek Help To Save 4.8 Million Jobs       Amidst the ravaging COVID-19, the International Air Transport Association (IATA) and the International Transport Workers’ Federation (ITF) on Tuesday called for urgent government intervention to prevent “an employment catastrophe in the aviation industry.” Estimates from the Air...

COVID-19: World Airlines Rally Behind Testing, Financial Support To Save Sector       World airlines have reiterated the urgent need to re-open borders with COVID-19 testing, and further financial support for aviation as the pandemic shutdown of air transport continues. The airlines, under the aegis of International Air...

IATA Warns Against Looming Bankruptcy For Airlines       The world’s airlines are haemorrhaging at the rate of about $300,000 per minute or $13 billion monthly, which could force large swathes of the industry into bankruptcy within months, the International Air Transport Association (IATA) has warned. Its Director-General...