Environment

• EU ETS: Continued strong opposition amongst non-European states                            
• ICAO: Governments pursuing work towards a framework for MBMs 
• Climate Change: developing aviation's own CNG2020 strategy
• The Aviation & Environment Summit brought IATA’s agenda forward.

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Cargo

• World Cargo Symposium 2012 brought together the air cargo community.
•  e-freight: Penetration levels up to 11.1% thanks to 2011 collective efforts.
• e-AWB: IATA focused on the 2012 board target of 15% e-air waybill penetration.
• Secure freight: After Australia, UK..
  

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Strengthening ISS and IATA's office network

IATA is strengthening the management of airline funds flowing through the global network of BSPs and CASSs. 

Taxes and Charges: India

India’s air transport sector accounts for 0.5% of the country’s GDP and supports 1.7 million jobs.

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In Brief

• Economic Benefits of Aviation reports for 58 countries to support the 2012 Industry Priorities.
• The 2011 global accident rate was the lowest ever in aviation history.

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Fragile outlook for airline profitiability

Developments in the economic and air transport market environment during January and February emphasize the fragile state of the current expansion

We downgraded our central case forecast for airline net profits in 2012, from $3.5 billion to $3 billion, in our March update.

Revenues are not expected to slow as much as before, with evidence that capacity will be added at a slower pace than expected. 
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