• Sat
  • Aug 23, 2014
  • Updated: 5:15am

International Air Transport Association

Overcapacity puts the brakes on Asian cargo carriers growth

Top Asian airlines' profit margins are being eroded by a struggling air cargo business, even as they capitalise on increasing passenger demand, industry executives said over the weekend.

Tuesday, 11 February, 2014, 1:46am

Asian airlines to lead 20pc increase in 2013 earnings on capacity cuts: IATA

Carriers are likely to generate net income of US$12.7 billion this year, the industry group said yesterday. That compares with a forecast of US$10.6 billion issued on March 20 and represents a 67 per cent gain on last year's profit of US$7.6 billion.

4 Jun 2013 - 3:57am

Airline profits to rise amid recovery of cargo sector

The International Air Transport Association (IATA), which represents 240 airlines comprising 84 per cent of global air traffic, said airlines are on course to post total net profits of US$10.6 billion this year, up from December's forecast of US$8.4 billion. Total revenues are projected to climb by US$12 billion to US$671 billion this year.

21 Mar 2013 - 5:30am

Airfreight operators hit by economic slowdown

Dedicated airfreight operators are struggling to remain viable as a sluggish economy undermines their ability to compete with the cargo space on offer from carriers focused on the more buoyant passenger market.

15 Dec 2012 - 3:12am

Asia-Pacific airlines to see sharp fall in profit

Carriers in the Asia-Pacific will see their profits fall 44 per cent this year because of the weak cargo market and the slowdown in China, the International Air Transport Association said yesterday.

14 Dec 2012 - 3:00am

Cargo airlines losing out to ocean container carriers

Airlines have permanently lost out to ocean container lines as box carriers grab an increasing share of the freight that was previously moved by air, according to logistics and cargo executives.

23 Oct 2012 - 4:19am

Fuel prices may burn airline earnings, says Iata

A global airline trade body has sounded the alarm on surging oil prices, warning that airlines would lose US$5 billion this year in a worst-case scenario in which oil prices average US$135 a barrel.

21 Mar 2012 - 12:00am

HK travel agent ticket sales for Kingfisher halted

Travel agents in the city stopped selling fares for flights on Kingfisher Airlines yesterday after computer reservation firms halted ticketing operations for the troubled Indian carrier.

10 Mar 2012 - 12:00am

Airlines seek to delay emissions trading scheme

The International Air Transport Association (Iata), which represents more than 230 airlines, has urged the European Union to postpone the implementation of its emissions trading scheme (ETS) until the industry emerges from its downturn.

21 Sep 2011 - 12:00am

Airline lobby promises new era of openness

Tony Tyler, who was unanimously elected yesterday as the new head of the International Air Transport Association (Iata), has pledged to take onboard calls for greater transparency and involvement by smaller carriers in the world's biggest airline lobby group.

8 Jun 2011 - 12:00am