IATA estimates $965 billion in revenue for the global airline industry in 2024; for 2025, revenues are forecast to exceed $1 trillion for the first time ever.
According to IATA, in 52% of all commercial aviation accidents since 2018, a final report has not been published, putting future air travelers at risk.
Willie Walsh’s original contract would have ended in 2025 but was extended by two years; he will be 65 by the time of IATA’s 2027 annual general assembly.
IATA sees cargo demand growth at an all-time high for 2024, having grown nearly 12% year-over-year but warns of possible headwinds from threatened U.S. tariffs.
IATA says the pace of growth in SAF volumes remains disappointing, and more action is needed—especially from traditional oil companies—to boost quantities.
IATA plans to look at whether there is evidence of anti-competitive behavior among aircraft manufacturers and the aerospace supply chain, as delays and shortages continue.
She sees potential for airlines to benefit from 20% margins by investing in fuel production, especially as fuel represents around 30% of an airline’s cost base.
Airlines are desperate to get their hands on hard-to-get sustainable aviation fuels. Now criminals are trying to cash in on the supply-demand imbalance.
Distribution specialist APG is seeing a return of travel agency commissions, as airlines look to encourage bookings through the IATA-led new distribution capability.
IATA predicts Thailand’s passenger numbers will return to a strong growth trajectory, but stresses infrastructure improvements and tax avoidance will be keys.
