Tag: IATA

IATA lowers aviation sector’s 2019 profit outlook

"In 2019, overall costs are expected to grow 7.4 per cent, outpacing a 6.5 per cent rise in revenues. As a result, net margins are expected to be squeezed to 3.2 per cent (from 3.7 per cent in 2018). Profit per passenger will similarly decline to $6.12 (from $6.85 in 2018)."

June 2, 2019

GST on overseas air tickets is violation of international norms: IATA chief

The aviation sector in India charges 5 per cent and 12 per cent GST on economy and business class tickets, respectively

September 4, 2018

IATA asks govts to release blocked funds to airlines

The International Air Transport Association (IATA) on Tuesday asked governments across the world to release blocked funds to their airlines and repatriate their revenues. At its ongoing annual meeting and the World Air Transport Summit here, IATA chief Alexandre de Juniac said a total of about USD 5 billion worth of funds remained blocked at...

June 5, 2018

India tops domestic air passenger traffic in September, China second: IATA

India’s domestic passenger traffic was the highest among major aviation markets at 15.5 per cent in September, followed by China and the Russian Federation, a global airline association said on Friday. The International Air Transport Association (IATA), in its global passenger traffic data, revealed that India’s domestic demand — revenue passenger kilometres (RPK) — was...

November 4, 2017

India to become world’s 3rd largest aviation market: Naidu

The Vice President of India M Venkaiah Naidu, at the inauguration of the 2nd Aero Expo India 2017 on Thursday, said that India is witnessing a high-growth trajectory and set to become the third-largest aviation market in the world in terms of passengers by 2026. The Union Minister for Civil Aviation, Ashok Gajapathi Raju Pusapati, the...

November 2, 2017

Airlines require specific GST clarifications: IATA

The International Air Transport Association (IATA) on 29 June said that clarification on specific issues with respect to the application of the Goods and Services Tax (GST) will help the airline industry keep up with international standards and principles. "Nonetheless there are still information gaps. We look forward to receiving the guidance notes to be...

June 30, 2017

Slash taxes if you want aviation to grow: IATA to Indian govt

If India wants its aviation sector to grow, it should lower the entire burden of taxes and charges on it, global airlines body IATA has said. "We have always said to the (Indian) government to please lower the taxes if you want aviation sector to develop and bring much more prosperity and much more additional...

June 11, 2017

Jet Airways signs MoU with Aeromexico for codeshare flights

Naresh Goyal-promoted private carrier Jet Airways on Thursday said it has partnered with Mexican flag carrier Aeromexico for codeshare flights and frequent flyers programme. The two airlines have signed a memorandum of understanding (MoU) to give effect to the partnership, Jet Airways said in a release here. The MoU, signed by Jet Airways Chairman Naresh...

June 8, 2017

IATA revises 2017 industry profitability outlook upwards

The International Air Transport Association (IATA) revised its 2017 industry profitability outlook upwards to $31.4 billion. According to IATA, airlines are expected to report a $31.4 billion profit up from the previous forecast of $29.8 billion. "This will be another solid year of performance for the airline industry. Demand for both the cargo and passenger...

June 7, 2017

Allow airlines to overbook seats: IATA

Global airline organisation IATA on Monday said that air passenger carriers should be allowed to continue the long-established overbooking practices. "The airline business is unique in that once a flight takes off, the seats on that flight are no longer available for sale; it's a time-sensitive, perishable product," said the International Air Transport Association (IATA). ...

April 17, 2017

India’s domestic passenger traffic up 22.3% in Nov: IATA

India's domestic passenger traffic grew by 22.3 per cent in November, a global airlines' association said on Wednesday. "Domestic travel demand rose 7.1 per cent in November 2016 compared to the same month in 2015, but results continued to vary widely, with China, India and Russia showing double-digit growth while demand declined in Brazil and Japan,"...

January 11, 2017

India’s domestic passenger traffic up 22.3% in Nov: IATA

India's domestic passenger traffic grew by 22.3 per cent in November, a global airlines' association said on Wednesday. "Domestic travel demand rose 7.1 per cent in November 2016 compared to the same month in 2015, but results continued to vary widely, with China, India and Russia showing double-digit growth while demand declined in Brazil and Japan,"...

January 11, 2017

Defer higher air navigation charges at Indian airports: IATA

Global airlines body IATA has urged the government to defer implementation of revised air navigation charges at various Indian airports saying there was "complete lack" of consultations with stakeholders in this regard. The charges for airport services as well as those related to air navigation at non-major aerodromes have been revised effective December 16, 2016....

January 5, 2017