Airlines will ride the crest of a faster-than-expected recovery and discuss ways of translating climate pledges into action at a summit buoyed by a return to business-as-usual next week
The influential International Air Transport Association holds its annual meeting on June 4-6 with many of its 300 carriers enjoying higher fares following the pandemic, tempered only by plane shortages and faltering supply chains.
"There is strong confidence in demand for aviation still, and it's ... a trend around the world," Qantas Chief Executive Alan Joyce, a veteran crisis manager who will be attending his last IATA gathering before retiring in November, told investors. "Demand to travel is off the charts. It's at record levels as people not only catch up from three years of not travelling but put travel and experiences at the top of their wish list," said travel expert Paul Charles, founder of The PC Agency.Last year's IATA meeting brought together an industry still reeling from its worst crisis, having been moved to Qatar from Shanghai at a time when China's borders remained closed.
Low-cost carriers are seen among the biggest winners from the COVID-19 pandemic due to their greater flexibility.IATA currently sees the whole industry returning to a profit of $4.7 billion in 2023 from last year's $6.9 billion loss.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global airlines group to boost focus on non-CO2 emissionsGlobal airlines are setting up a task force to deal with non-carbon dioxide (CO2) emissions, stepping up efforts to tackle cloudy streaks formed by aircraft known as contrails, an environmental threat that until now has taken a backseat to carbon pollution in the response to global warming.
Read more »
Which Airlines Rate Best in Customer Satisfaction?Here's which airlines got the best and worst satisfaction score for economy travel, according to Consumer Reports.
Read more »
Stock Market News: Debt ceiling wrangling, American Airlines lifts outlook, Bud Light sales sinkInvestors are monitoring the back and forth over the debt ceiling vote as the deadline nears, American Airlines lifted its outlook as demand rebounds, Target and Bud Light continue to see customer and investor backlash. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Read more »
Consumer Reports survey reveals airlines that rank highest for customer satisfactionWith so many things out of our control, from weather to staffing issues to lost baggage, does choosing a particular airline really make a difference?
Read more »
Mobile International Airport celebrates inaugural flight for Avelo AirlinesThe airline will now call Mobile International Airport home and will offer direct flights to the city of Orlando.
Read more »
American Airlines will challenge ruling that blocked JetBlue allianceAmerican Airlines Group Inc. plans to appeal a federal judge’s ruling that its operating alliance with JetBlue Airways Corp. violates antitrust laws and must...
Read more »