Topic “IATA” — Exporter Magazine

Middle East airlines recorded double-digit traffic growth in January, posting a 14.5% increase which is by far the largest rate of growth for any region in the world and represents a return to the rates experienced in 2010, according to Arabian Aerospace. The International Air Transport Association (IATA) has increased its global profit forecast for aviation for 2011 with much of the market share taken up by Asia-Pacific carriers while freight prospects appear uncertain this year and next, according to the Shipping Gazette. IATA raised its average oil price forecast to $96 per barrel, up from $84 in December, factoring in the impact of fuel hedging which is roughly 50% of expected consumption. The International Air Transport Association (IATA) has announced that global air cargo traffic rose by 14.8% in September, down from 19% growth the previous month, translating into a month-to-month decline of 2.1% when adjusted for seasonal factors, according to the Shipping Gazette. The International Air Transport Association (IATA) on Tuesday more than tripled its forecast for airline industry profits this year as demand picked up but warned earnings would ease back next year, according to the Sydney Morning Herald. Airlines’ load factors are still at record or near-record highs due to slower rise in capacity while air freight demand rose 26% during the first quarter, according a report by the Shipping Gazette.