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33. IATA Revises 2011 Industry Profit Expectations to US$6.9 billion
IATA has upgraded its industry profit expectations to $6.9 billion (up from $4.0 billion projected in June). IATA emphasized that, despite the improvements, profitability at these levels is still exceptionally weak (1.2% net margin) considering the industrys total revenues of $594 billion. In its first look at 2012, IATA is projecting profits to fall to $4.9 billion on revenues of
34. Berlin and Lufthansa to Host IATA AGM and World Air Transport Summit
Berlin and Lufthansa to Host IATA AGM and World Air Transport Summit. Lufthansa has been confirmed as the host of the IATA Annual General Meeting (AGM) and World Air Transport Summit which will take place in Berlin from 6-8 June 2010. This will be the third time that Germany hosts the IATA AGM. Previously Munich (1968) and Hamburg (1985) hosted the event. Last year the AGM took pla
35. IATA downgrades Industry Profit Expectations for 2008
IATA downgrades Industry Profit Expectations for 2008. IATA has downgraded its industry profit expectations for 2008 to US$4.5 billion based on the global economic growth slowing to 2.6% and an average annualised oil price of US$86 per barrel (Brent Crude). This is the second downgrading of the 2008 forecast. In September 2007 IATA predicted a US$7.8 billion profit for this year. T
36. SAS Achieves IATA Fast Travel Award Platinum Status
Scandinavian Airlines, SAS, has become the first airline in the world to achieve IATA Fast Travel Award Platinum status. IATA Fast Travel Award Platinum status means that SAS offers over 80% of the IATA's selected self-service options to its passengers throughout the journey.
37. IATA Revises 2010 Industry Outlook
IATA Revises 2010 Industry Outlook. IATA has revised its 2010 industry outlook and is now projecting a profit of $8.9 billion (up from the $2.5 billion forecast in June). In its first look into 2011, IATA estimates that profitability will drop to $5.3 billion.
38. Qatar Airways Group Chief Executive Elected Chairman of IATAs Board of Governors
Qatar Airways Group Chief Executive, Mr. Akbar Al Baker, has been elected Chairman of the Board of Governors of IATA, effective June 2018. The rotating one-year term will commence at the end of IATAs 2018 Annual General Meeting (AGM) in Sydney and will continue until the end of its 2019 AGM. Mr. Al Baker will succeed current IATA Board of Governors Chairman Mr. Goh Choon Phong, Ch
39. IATA signs Global Declaration on Aviation and Climate Change
IATA signs Global Declaration on Aviation and Climate Change. The International Air Transport Association (IATA) has signed a historic commitment to tackle climate change. IATA Director General and CEO Giovanni Bisignani was joined by the industrys other top leaders in a signing ceremony at the 3rd Aviation and Environment Summit in Geneva, Switzerland.
40. IATA Urges Spain to Avoid Air Traffic Control Strike
IATA Urges Spain to Avoid Air Traffic Control Strike. IATA has urged AENA, the Spanish air navigation service provider, and the Spanish air traffic controllers to take all measures possible to avoid strike action. Specifically, Giovanni Bisignani, IATAs Director General and CEO urged Spains air traffic controllers to accept AENAs offer to enter into an arbitration process to res

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