Giovanni Bisignani News
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The International Air Transport Association said it encouraged Russia to be “more vocal” in its opposition to the European Union’s plan to extend curbs on carbon to the international aviation industry.
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The International Air Transport Association cut its 2011 airline-industry profit forecast by 54 percent because of higher oil prices, political protests in the Middle East and North Africa, and the Japan earthquake.
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Air China Ltd. , Cathay Pacific Airways Ltd. and Singapore Airlines Ltd. are adding planes because of Asian travel demand as U.S. and European carriers cut flights on rising fuel prices.
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International air travel jumped the most in 10 months in April after a volcanic eruption disrupted flights in Europe a year earlier, according to the International Air Transport Association .
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Malaysian Airline System Bhd. , which will be removed from the MSCI Malaysia Index at the end of this month, slumped to a first-quarter loss due to higher fuel costs and a stronger ringgit.
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Airlines shouldn’t be made to bear the full burden of extra security measures as governments respond to the discovery of bombs in air-cargo shipments last week, the International Air Transport Association said today.
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Airlines may post a 40 percent decline in combined profits next year on slower economic growth, higher fuel costs and austerity measures in Europe, a leading industry group said today.
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Growth in air-passenger traffic slowed in February as political unrest in Arab states curbed flying, and will diminish further following the earthquake in Japan, the International Air Transport Association said.
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Germany’s planned flight-departure tax, aimed at raising 1 billion euros ($1.2 billion) a year for the government, will hamper European airlines’ efforts to revive profit, the International Air Transport Association said.
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Growth in air travel slowed in March as the Japanese earthquake and political turmoil in the Middle East and North Africa curbed demand, the International Air Transport Association said today.
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