June 22nd, 2022 9:59 PM 0 COMMENTS

Global Aviation Industry Loss in 2022 Expected to Narrow to $9.7 Billion

According to the International Air Transport Association's annual forecasts, losses in the global aviation industry are predicted to drop from $42.1 billion last year to $9.7 billion in 2022 as efficiency improvements and increasing yields balance off rising labour and fuel costs. The estimates were released Monday at the annual general meeting of the global industry body. The two-day event is being held at Doha. “Industry-wide profitability in 2023 appears... Read More

December 30th, 2021 8:58 PM 0 COMMENTS

The Saga of Cheaper Air Tickets May End Soon

After the struggling pandemic period of two years, 2022 is looking brighter for the global aviation industry. With pandemic prompting shut down, the international passenger demand in 2020 was 25% lesser than that of 2019, according to the data released by the International Air Transport Association. The international and domestic routes have begun to reopen, and airlines have announced special ticket fare offers to lure passengers. Air travel is still... Read More

June 7th, 2019 4:04 PM 0 COMMENTS

Passenger Numbers Could Double to 8.2 Billion in 2037: IATA

According to the International Air Transport Association (IATA), the passengers who choose air travel would become double to 8.2 billion by 2037. The recent update to IATA’s 20-Year Air Passenger Forecast anticipates a 3.5% compound annual growth rate (CAGR) over the next two years. The industry will generate more jobs and GDP growth. However, the report warned that the growth and economic prospects from air travel could be limited if... Read More

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