Air cargo capacity crunch in April
KUALA LUMPUR: The demand for global air freight has dropped by 27.7 per cent in April compared to the same period in 2019, the sharpest fall ever recorded, revealed the International Air Transport Association (IATA). The trade association for the world’s airlines said there was insufficient capacity, down 42 per cent in April, to meet […]
Airline’s debt to balloon to $550 bln by year-end
KUALA LUMPUR: The airline industry’s debt could rise to $550 billion ($1= RM4.36) by year-end, a massive 28 per cent or $120 billion increase over levels at the start of the year, according to the International Air Transport Association (IATA). In total it said, governments had committed to $123 billion in financial aid to help airlines […]
IATA introduces roadmap on layered measures for industry restart
KUALA LUMPUR: The International Air Transport Association (IATA) has published a roadmap, which outlines its proposed temporary layered approach to biosecurity for re-starting passenger flights amid the Covid-19 crisis. Director-general and chief executive officer Alexandre de Juniac said the roadmap was aimed at providing the confidence needed by governments to enable for the re-opening of […]
AirAsia studying possibility of increasing air fares
KUALA LUMPUR: Low-cost airline, AirAsia Bhd is studying the possibility of increasing its air fares in the future, following the implementation of the conditional movement control order (CMCO). Executive chairman, Datuk Kamarudin Meranun said discussions are ongoing to decide if there is an urgent need for AirAsia to increase its air fares in the future. “Even if […]
IATA supports wearing of face coverings, masks on board aircraft
KUALA LUMPUR: The International Air Transport Association (IATA) supports the wearing of face coverings for passengers and masks for crew while on board aircraft as a critical part of a layered approach to biosecurity to be implemented temporarily when people return to travelling by air. Its director-general and chief executive officer Alexandre de Juniac said the […]
Cuts in revenues, demand in airlines
KUALA LUMPUR: The Covid-19 crisis will see airline passenger revenues dropping by $314 billion in 2020, a 55 per cent decline compared to 2019, according to the International Air Transport Association (IATA) in its latest updated analysis on the sector. On March 24, IATA estimated the sector will lose $252 billion in revenues (- 44 […]
Resolve airline ticket refund issues
KUALA LUMPUR: The Federation of Asean Travel Associations (Fata) has urged the International Air Transport Association (IATA) to resolve refund issues resulting from flight cancellations due to the Covid-19 pandemic. Fata president Datuk Tan Kok Liang said airlines have to prioritise making refunds instead of issuing vouchers which might have little or no value should they be liquidated. “The travel […]
11.2 mln jobs at risk in Asia Pacific with airlines shutdown
KUALA LUMPUR: Some 25 million jobs are at risk of disappearing due to plummeting demand for air travel amid the Covid-19 crisis, with the bulk of job losses amounting to 11.2 million are in the Asia Pacific, warned the International Air Transport Association (IATA). Airlines are calling on governments to provide immediate financial aid to help airlines […]
