COVID-19 crisis: 25 million jobs at risk with airline shutdown – IATA

The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis. Globally, the livelihoods of some 65.5 million people are dependent on the aviation industry, including sectors such as travel and tourism. Among these are 2.7 million airlines jobs. In a scenario of severe travel restrictions lasting for three months, IATA research calculates that 25 million jobs in aviation and related sectors are endangered across the world:   11.2 million jobs…

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Passenger demand plunges on Covid-19 travel restrictions, As African airlines’ traffic slip 1.1 %

The International Air Transport Association (IATA) has announced global passenger traffic data for February 2020 showing that demand (measured in total revenue passenger kilometers or RPKs) fell 14.1percent compared to February 2019. This was the steepest decline in traffic since 9.11 and reflected collapsing domestic travel in China and sharply falling international demand to/from and within the Asia-Pacific region, owing to the spreading COVID-19 virus and government-imposed travel restrictions. February capacity (available seat kilometers or ASKs) fell 8.7percent as airlines scrambled to trim capacity in line with plunging traffic, and…

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Air cargo demand slumps in February as COVID-19 takes hold

The International Air Transport Association (IATA) has released February 2020 data for global air freight markets showing that demand, measured in cargo tonne kilometers (CTKs*), decreased by 1.4 percent compared to the same period in 2019. Adjusting the comparison for the impact of the Lunar New Year, which fell in February in 2019, and the leap year in 2020, which meant an additional day of activity, seasonally-adjusted demand was down 9.1percent month-on-month in February.  By February, the negative impacts of the COVID-19 crisis on air cargo demand were becoming visible.…

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IATA welcomes Govts financial support to airlines, urges others to follow suit

. . As annual passenger revenues to fall by $252b if The International Air Transport Association (IATA) has welcomed the support of those governments around the world that have provided financial relief to airlines and urged other governments to follow suit before more damage is done. “Airlines are fighting for survival in every corner of the world. Travel restrictions and evaporating demand mean that, aside from cargo, there is almost no passenger business. For airlines, it’s apocalypse now. And there is a small and shrinking window for governments to provide…

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COVID-19 crisis: IATA tasks African, Middle East governments on emergency support to airlines

The International Air Transport Association (IATA) is appealing to governments in Africa and the Middle East, as part of a worldwide campaign, to provide emergency support to airlines as they fight for survival due to the evaporation of air travel demand as a result of the COVID-19 crisis.  “Stopping the spread of COVID-19 is the top priority of governments. But they must be aware that the public health emergency has now become a catastrophe for economies and for aviation. The scale of the current industry crisis is much worse and…

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Latest US travel restrictions: IATA urges govts. to prepare for broad economic consequences

The International Air Transport Association (IATA) and its members have continue to support governments in their efforts to contain the spread of COVID-19. At this time of extreme pressure on the industry, IATA urged governments to:  Prepare for the broad economic consequences of these actions,  Respond quickly to the financial frailty of airlines, and Follow WHO (World Health Organization) recommendations. IATA said the calls come in response to the US government’s banning of non-US citizens, and individuals who are not legal permanent residents of the US, who have been in…

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COVID-19: IATA sees $63b 2020 revenue losses with over 100 cases, $113b in broader spread

The International Air Transport Association (IATA) has updated its analysis of the financial impact of the novel coronavirus (COVID-19) public health emergency on the global air transport industry. IATA now sees 2020 global revenue losses for the passenger business of between $63 billion (in a scenario where COVID-19 is contained in current markets with over 100 cases as of 2 March) and $113 billion (in a scenario with a broader spreading of COVID-19). No estimates are yet available for the impact on cargo operations. IATA’s previous analysis (issued on 20…

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COVID-19 hits January passenger demand

The International Air Transport Association (IATA) has announced global passenger traffic data for January 2020 showing that demand (measured in total revenue passenger kilometers or RPKs) climbed 2.4percent compared to January 2019. This was down from 4.6 percent year-over-year growth for the prior month and is the lowest monthly increase since April 2010, at the time of the volcanic ash cloud crisis in Europe that led to massive airspace closures and flight cancellations. January capacity (available seat kilometers or ASKs) increased by 1.7 percent. Load factor climbed 0.6 percentage point…

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2019 worst year for air freight demand since 2009

The International Air Transport Association (IATA) released full-year 2019 data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), fell by 3.3 percent compared to 2018 while capacity (AFTK) rose by 2.1 percent . This was the first year of declining freight volumes since 2012, and the weakest performance since the global financial crisis in 2009 (when air freight markets contracted by 9.7 percent ). In the month of December, cargo volumes contracted 2.7 percent year-on-year while capacity rose 2.8 percent . Air cargo’s performance…

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IATA signs MoU with UIC to strengthen cooperation on standards for intermodal travel

The International Air Transport Association (IATA) has signed a Memorandum of Understanding (MoU) with the International Union of Railways (UIC), to strengthen their cooperation in standard setting and interoperability initiatives, with a focus on data exchange standards supporting intermodal travel.  Under the MoU, the collaboration opportunities will be explored from the dual perspectives of existing distribution processes and standards as well as transformative retail-based “offer-order” processes and standards, typified by the New Distribution Capability and ONE Order initiatives. These activities offer significant opportunity for value-creation within intermodal partnerships. Specific areas…

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