The Magic of Aviation
Have you ever thought of what life would be like without air travel? For most of us, it would be drastically different than it is today. Aviation makes the foreign familiar, enables journeys of self-discovery, international exploration and facilitates international commerce.
In Latin America and the Caribbean alone, the air industry generates $167 billion in GDP while connecting 385 cities in the region by air. Every year, 2.6 million flights operate in Latin America and the Caribbean and the air industry supports 5.2 million jobs. Aviation is a force for good in the Americas as it is in the rest of the world.
In Latin America and the Caribbean alone, the air industry generates $167 billion in GDP while connecting 385 cities in the region by air. Every year, 2.6 million flights operate in Latin America and the Caribbean and the air industry supports 5.2 million jobs. Aviation is a force for good in the Americas as it is in the rest of the world.
Dec 20, 2017
Strong Airline Profitability Continues in 2018
Geneva - The International Air Transport Association (IATA) forecasts global industry net profit to rise to $38.4 billion in 2018, an improvement from the $34.5 billion expected net profit in 2017 (revised from a $31.4 billion forecast in June). Highlights of expected 2018 performance include:
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- A slight decline in the operating margin to 8.1% (down from 8.3% in 2017)
- An improvement in net margin to 4.7% (up from 4.6% in 2017)
- A rise in overall revenues to $824 billion (+9.4% on 2017 revenues of $754 billion)
- A rise in passenger numbers to 4.3 billion (+6.0% on the 4.1 billion passengers in 2017)
- A rise in cargo carried to 62.5 million tonnes (+4.5% on the 59.9 million tonnes in 2017)
- Slower growth for both passenger (+6.0% in 2018, +7.5% in 2017) and cargo (+4.5% in 2018, +9.3% in 2017) demand
- Average net profit per departing passenger of $8.90 (up from $8.45 in 2017)
- Strong demand, efficiency and reduced interest payments will help airlines improve net profitability in 2018 despite rising costs. 2018 is expected to be the fourth consecutive year of sustainable profits with a return on invested capital (9.4%) exceeding the industry’s average cost of capital (7.4%).
Dec 21, 2017
New Generation of IATA Settlement Systems
NewGen ISS is a program launched by IATA to deliver faster, safer and more cost effective and relevant financial settlement services and solutions to airlines and travel agents that rely on the IATA Settlement Systems (ISS). It will do so by putting our customers at the heart of our operation.
For airlines, NewGen ISS means faster settlement, safer funds and a lower cost of distribution. For travel agents, NewGen ISS will offer more personalized products and services, enhanced customer support and more cost-effective solutions. With the introduction of NewGen ISS, IATA will also provide an enhanced 24/7 customer support to better address the needs of airlines and agents.
For airlines, NewGen ISS means faster settlement, safer funds and a lower cost of distribution. For travel agents, NewGen ISS will offer more personalized products and services, enhanced customer support and more cost-effective solutions. With the introduction of NewGen ISS, IATA will also provide an enhanced 24/7 customer support to better address the needs of airlines and agents.
Three levels of travel agent accreditation, enabling agents to choose the one that best fits their business model
A Remittance Holding Capacity (RHC) that will ensure a safer selling process
Global Default Insurance (GDI) that will offer travel agents a flexible financial security option and help to reduce default losses for airlines
IATA EasyPay, a secure and cost-effective pay-as-you-go solution
A Remittance Holding Capacity (RHC) that will ensure a safer selling process
Global Default Insurance (GDI) that will offer travel agents a flexible financial security option and help to reduce default losses for airlines
IATA EasyPay, a secure and cost-effective pay-as-you-go solution
Dec 21, 2017
LOT Polish Airlines to introduce its new Boeing 787-9 Dreamliners in 2018
LOT Polish Airlines is adding three new Boeing 787-9 Dreamliners next year. The new 787-9s will be leased from the Aviation Capital Group.
The Boeing 787-9 a stretched version of the current Boeing 787-8.
Dec 20, 2017
Developing professionals for tomorrow's air transport industry
IATA train thousands of aviation professionals and businesses each year with a commitment to developing careers and a workforce that makes our industry safe, secure, and sustainable.Their understanding of best practice, international standards, and industry regulations, ensures IATA courses address real workplace challenges.
Dec 20, 2017
The new Singapore Airlines Suites and Business Class. Experience the difference
Experience the difference on the new Singapore Airlines A380.
Dec 20, 2017
