194th IATA Board of Governors
The IATA Board of Governors meeting took place in Montreal on 2 December. Read the highlights of the actions taken to assist airlines in reducing their costs, increase IATA’s efficiencies and secure members’ funds. More...
Environment
Durban Debrief: COP/17 outcome for aviation is ambivalent, focusing on emissions and taxes.
Biofuels: the spotlight is on HEFA – Hydroprocessed esters and fatty acids.
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Simplifying the Business
Fast Travel: working towards more self-service options for check-in, baggage tagging, document check, flight rebooking, boarding, and baggage recovery.
Airline Distribution: a better differentiation of airline products in distribution systems.
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Growing Tax Attack on Aviation
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Checkpoint of the Future
Aviation is more secure than in 2001, but at great expense and with far too much hassle. For the $7.4 billion that airlines spend annually on security, the process should be better for our customers.
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Looking at the numbers
Looking backwards, Q3 airline profits show reasonable performance so far this year
During Q3 airline financial performance was reasonably good by historic standards, with a sample of 60 airlines reporting net profits of $5 billion.
Profits are down on last year, but only by 20% at the EBIT level. In Europe, where the economic outlook is dire, airlines limited the decline in Q3 profits to 5%.
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