All IATA articles – Page 15
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NewsBreaking news: IATA postpones World Cargo Symposium
IATA has postponed this year's World Cargo Symposium as a result of coronavirus-related cancellations.The three-day event has become the largest annual event in the air cargo calendar, attracting more than 1,000 attendees and 40 exhibitors.The show had been due to take place next week in Istanbul, but the airline association ...
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IATA calls for suspension of airport slot rules
IATA has called for airport slot rules to be suspended immediately and for the 2020 season in response to the coronavirus.The airline group said that it is contacting aviation regulators worldwide to request suspension of rules governing use of airport slots.At present, the rules for slot allocation mean that airlines ...
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Airlines' revenues set to take a $30bn hit due to coronavirus
Airline revenues could take a $29.3bn hit as a result of the coronavirus outbreak, according to IATA’s latest assessment.IATA said that the coronavirus could cause demand for air travel to fall for the first time since the global financial crisis, with operators in Asia-Pacific hardest hit.Based on a scenario where ...
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IATA and IPC team up on e-commerce shipments
IATA and the International Post Corporation (IPC) will step up their efforts to promote the development and expansion of safe, secure, accessible and high-quality airmail and air cargo services.The two organisations said they had today signed a memorandum of understanding (MoU) to reinforce their co-operation and have identified seven specific ...
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NewsIATA: Worst year for air cargo since 2009 financial crisis
Recent airfreight trends have been maintained, IATA's latest market analysis detailing full-year results for 2019, has reported. Meanwhile, the impact of the coronavirus on the aviation sector continues to cause uncertainty for the future.Industry-wide freight tonne kms (FTK) for the year declined by 3.3% year on year, while available freight ...
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NewsLATAM opens perishables hub in Sao Paulo
LATAM Cargo Group has opened a new $3.5m perishables hub in Guarulhos Airport, Sao Paulo, Brazil, increasing its perishable storage capacity at the airport by 33%.The facility occupies an area of 1,637 sq m, with 50% equipped with variable temperature cooling chambers that offer ranges of 0 to 2°C and ...
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NewsIATA: Pressure appears to have eased on declining airfreight market
IATA's latest airfreight market analysis, which details figures for November 2019, noted that industry-wide freight tonne kms (FTKs) dipped by 1.1% year on year. This marked the 13th consecutive month of year-on-year decline in airfreight volumes.However, November's performance was also the best in eight months, because it showed the slowest ...
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NewsEtihad Cargo receives CEIV Fresh certification
Etihad Cargo, the cargo and logistics arm of Etihad Airways, has been awarded IATA’s Centre of Excellence for Perishable Logistics (CEIV Fresh) by the airline trade association.It is the first Middle East airline to hold both IATA’s CEIV Fresh and CEIV Pharma certifications, and one of only two carriers around ...
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Powerful air cargo alliance takes aim at rogue lithium batteries
The International Air Transport Association (IATA), the Global Shippers Forum (GSF), the International Federation of Freight Forwarders Associations (FIATA) and the International Air Cargo Association (TIACA) are teaming up to increase their efforts to ensure the safe transport of lithium batteries.The partners will target three areas to reduce the incidents ...
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IATA: Air cargo set to return to growth in 2020
Airline association IATA has predicted that the cargo sector will return to growth next year, while airlines are also expected to improve their profitability.In its annual outlook, IATA said that freight volumes are expected to increase by 2% year on year in 2020 to reach 62.4m tonnes following on from ...
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NewsIATA: Volume decline continues, but expected to level off
International freight tonne km growthMarket demand remains weak, IATA reports in its September 2019 figures.Industry-wide, volumes declined by 4.5% in September year on year. This recent slide, which follows a 3.9% decrease in volumes in August, marks the eleventh consecutive month of decline in airfreight volumes. Africa is the only ...
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Céline Hourcade looks to the horizon
When Céline Hourcade announced in June that she was leaving IATA Cargo after 11 years at the forefront of airfreight innovation, there were two unanswered questions: why and what next?Hourcade, who originally joined IATA on the passenger side and was part of the successful e-ticketing team, acknowledges that it was ...
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NewsCargo bosses fear reputational risk from trade sanctions as US imposes $1.3bn in penalites for 2019
Around 80% of cargo businesses named reputational risk as driving their trade sanctions and export risk compliance programmes as the US authorities have already imposed a record $1.3bn in penalties this year.Accuity, the provider of financial crime screening and payments solutions, said that its survey made it clear that “the ...
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NewsFirst-ever Madrid Air Cargo Day deemed a success
At the first Madrid Air Cargo Day, organised by Foro Madrid Cargo in collaboration with Spanish airport operator Aena and IATA, more than 100 industry experts gathered to explore the theme: modernisation of the airfreight world - projects, challenges and trends.Keynote speakers included David Bellon, vice president of Air Cargo ...
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NewsPayCargo continues to grow as executive team changes revealed
PayCargo has announced the appointment of two new executives and a third change to its management line up as the business continues to grow.In July, the payment system appointed Lionel van der Walt as president and chief executive of its Americas business.“My focus at PayCargo is to further strengthen the ...
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NewsCaspian Air Cargo Summit: Industry must prepare for future growth
IATA head of cargo Glyn Hughes has called on the air cargo industry to "apply equal vigour" to all the "challenges and opportunities" currently faced by the industry.Speaking at the Caspain Air Cargo Summit in a global market outlook session, Hughes gave an overview of the tough market conditions that ...
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NewsAir cargo in longest slump since global financial crisis
Air cargo is now in its longest slump in demand since the global financial crisis in 2008.The latest figures from IATA show that demand in freight tonne km (FTK) terms declined by 3.9% year on year in August.IATA director general and chief executive said the figures were "deeply concerning".“The impact ...
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Jet fuel price spikes not as bad as feared
Spikes in the price of jet fuel following attacks on Saudi Arabian facilities earlier this month were not as bad as feared as crude oil was trading only fractionally higher by the end of last week.According to the weekly IATA-Platts Jet Fuel Price Index, the cost per gallon of aircraft ...
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Saudi oil attacks set to hit air cargo prices
It is "inevitable" that spikes in the price of oil as a result of attacks on Saudi Arabian facilities at the weekend will drive up the price of air cargo.The attacks, which took place on Saturday, took out around 5% of global oil supply.Brent Crude prices - a benchmark for ...
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NewsAirfreight demand down for the ninth consecutive month
The airfreight market reported its ninth consecutive year-on-year decline in a row in July, according to the latest monthly figures from IATA.The airline association said that freight tonne kms (FTKs) declined by 3.2% year on year in July as the China-US trade war continued to take its toll on the ...