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IATA forecasts strong airline profitability in 2018

Despite rising costs in the aviation sector, the International Air Transport Association (IATA) is forecasting improved net profitability for airlines in 2018, because of strong demand, efficiency and reduced interest payments. IATA is forecasting global air transport profits to rise to $38.4-billion in 2018, an improvement from the $34.5-billion expected net profit in 2017. The […]

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Air cargo posts strongest first half-year growth since 2010

The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), grew by 10.4 per cent in the first-half of 2017 compared to the first-half of 2016. This was the strongest first half-year performance since air cargo’s rebound from the global financial crisis […]

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Calin Rovinescu, named IATA chairman

Calin Rovinescu, president and CEO of Air Canada, has been named chairman of the International Air Transport Association (IATA) by the associations Board of Governors for a one-year term. Rovinescu succeeds Richard H. Anderson, CEO of Delta Air Lines, whose one-year term has expired. Rovinescu joined Air Canada in 2000 as executive vice president, corporate […]

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