The International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2024 compared with its June and December 2023 forecasts. An aggregate return above the cost of capital, however, continues to elude the global airline industry.
This year… Airlines will connect nearly five billion people over 22,000 routes on 39 million flights.
And we’ll deliver 62 million tonnes of cargo—making possible $8.3 trillion in trade.
The International Air Transport Association (IATA) announced that it will establish the SAF Registry (Registry) to accelerate the uptake of Sustainable Aviation Fuels (SAF) by authoritatively accounting and reporting emissions reductions from SAF.
The International Air Transport Association (IATA) announced that its projections for a tripling of Sustainable Aviation Fuels (SAF) production in 2024 to 1.9 billion liters (1.5 million tonnes) are on track. This would account for 0.53% of aviation’s fuel need in 2024. To accelerate SAF use, there are several policy measures that governments could take.
The International Air Transport Association (IATA) has reported a 28% decrease in the amount of airline funds blocked from repatriation by governments. The total blocked funds at the end of April stood at approximately $1.8 billion, a reduction of $708 million (28%) since December 2023.
Fast-growing tourism destination, Dubai, is set to welcome the International Air Transport Association Annual General Meeting this week, as the aviation industry comes together for its annual showcase. Here Breaking Travel News finds out more
Air Canada has renewed its partnership as the Official Airline of Team Canada. The new agreement, showcasing the airline’s deep passion for sport and commitment to sharing the best of Canada with the world, extends through the 2030 Olympic and Paralympic Winter Games and includes Paris 2024.
Ethiopian Airlines, the largest network operating airline in Africa, is pleased to announce the commencement of its thrice weekly passenger services to Freetown, Sierra Leone via Ouagadougou, Burkina Faso starting today, 31st of May 2024. This new route marks yet another milestone in the airline’s extensive network expansion endeavor, connecting more African countries and providing travelers with convenient and efficient travel options.
Host to many of the industry’s top-tier events and trade shows, Mandalay Bay Resort and Casino proudly announces the completion of a $100 million redesign of its 2.1 million-square-foot convention center. The comprehensive remodel, tailored to meet the needs and preferences of contemporary meetings and events, includes upgraded technology infrastructure, additional dynamic digital signage and a fresh, invigorating design that complements the resort’s tropical-inspired brand.
easyJet has today announced it will launch a new year-round route between Liverpool and Malta. Flights will take off for the first time on 10th December 2024 and operate twice a week on Tuesdays and Sundays all year-round.
The new route to Malta will be the fourth the airline has added to its Liverpool network in the last 12 months, following new services being introduced to Enfida in Tunisia, Hurghada in Egypt and the Greek island of Corfu.