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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIATA chief Willie Walsh says he's confident Boeing will address culture issuesWillie Walsh, director general of the International Air Transport Association, discusses his confidence in Boeing, China's entry into aircraft manufacturing, and travel demand.
Persons: Willie Walsh, he's Organizations: Boeing, International Air Transport Association
IATA predicted this year will beat the pre-pandemic record for air travel. But both Boeing and Airbus jets are having problems that are reducing capacity. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In December 2023, the International Air Travel Association predicted 2024 would break records for the most air passengers ever. But airlines are warning they'll have fewer seats available than they initially thought, as both Boeing and Airbus are dealing with problems.
Persons: , Martha Neubauer, Dave Calhoun, Boeing's, Willie Walsh Organizations: Boeing, Airbus, Service, International Air Travel Association, Reuters, Airlines, Max, Ryanair, Alaska Airlines, Federal Aviation Administration, Pratt & Whitney, London Starbucks Locations: London
Now in its 60th year, the IATA Annual Safety Report - compiled by the International Air Transport Association - has been tracking the evolution of commercial aviation safety since 1964. But despite this, 2023 had the lowest fatality risk and “all accident” rate on record. North America has maintained a fatality risk of zero since 2020, says IATA. Greg Lovett/The Palm Beach Post/USA Today Network/Sipa USAThe 2023 “all accident” rate was better than the year before in all regions except North America and Asia Pacific. Europe has maintained a fatality risk of zero since 2018.
Persons: hasn’t, , Willie Walsh, Greg Lovett, haven’t Organizations: CNN, Alaska Airlines, IATA, International Air Transport Association, Yeti Airlines, Regional, Palm Beach International, USA, Tokyo Haneda, Japan Airlines Locations: Nepal, Florida, North America, Asia, Europe, Africa, North Asia, Tokyo
2023 was the safest year for flying, IATA found. On average, you would have to fly every day for over 100,000 years to experience a fatal incident. AdvertisementLast year was the "best ever" for flying safety, the International Air Transport Association said. It found that on average, a person would have to fly every day for 103,239 years before experiencing a fatal incident. There was only one fatal incident in 2023, a crash involving a domestic flight in Nepal in which 68 passengers and four crew died, according to IATA.
Persons: , Nobody, Willie Walsh Organizations: Japan Airlines, Boeing, Service, International Air Transport Association, Japan Airlines Airbus, Airport, Coast Guard, Alaska Airlines, Max, Portland International Airport, National Transportation Safety Locations: Nepal, Tokyo
Vcg | Visual China Group | Getty ImagesAsia-Pacific's travel sector is seeing strong growth, with demand for flights set to match pre-pandemic levels this year — thanks to Chinese tourists. The region's travel demand in December 2023 improved to almost 83% of 2019 numbers compared with just 57% in January, according to the International Air Transport Association. Experts believe Chinese tourists will fuel this demand, particularly as they visit Southeast-Asian destinations within the wider region. watch nowTravel demand from Chinese tourists in Southeast Asia saw a notable rise in January, said James Sullivan, head of Asia-Pacific equity research at JPMorgan. Outside of Asia Pacific, the U.S., U.K., South Korea, Japan and Australia were popular holiday spots for Chinese travelers.
Persons: Willie Walsh, CNBC's, James Sullivan, Sullivan Organizations: Visual China, Getty, International Air Transport Association, JPMorgan, ASEAN, Research, Citi, Asia Pacific Locations: Yantai, Shandong Province, China, Southeast Asia, Asia, ASEAN, Thailand, Singapore, Malaysia, Vietnam, Indonesia, U.S, South Korea, Japan, Australia
“I don’t believe that you should be worried,” says Geoffrey Thomas, an aviation safety expert and editor in chief of Airline Ratings, which publishes an annual list of the safest airlines. The list of the world’s safest airlines is topped by Air New Zealand, Qantas, Virgin Australia, Etihad Airways, Qatar Airways, Emirates, All Nippon Airways, Finnair and Cathay Pacific. Charly Triballeau/AFP/Getty Images“Aviation is the safest mode of transportation,” says Anthony Brickhouse, a professor of aviation safety at Florida’s Embry-Riddle Aeronautical University. “Unfortunately, with the Japan Airlines accident, we did lose five people on the military aircraft, but everybody made it off of the civilian aircraft. Remote in probabilityDespite concerns, the Boeing 737 has a better safety record than the 747, experts say.
Persons: , Geoffrey Thomas, it’s, , Thomas, Charly Triballeau, Anthony Brickhouse, Florida’s Embry, Brickhouse, Max, we’ve, Willie Walsh, Arnold Barnett, That’s, we’re, ” Barnett, Jason Redmond, Barnett Organizations: CNN, Alaska Airlines, Max, Boeing, , Airbus, Air New Zealand, Qantas, Virgin Australia, Etihad Airways, Qatar Airways, Emirates, All Nippon Airways, Finnair, Cathay Pacific, Getty, Florida’s, Riddle Aeronautical University, US Federal Aviation Administration, National Transportation Safety Board, Japan Airlines Airbus, Tokyo Coast Guard, FAA, Japan Airlines, NTSB, Reuters, Massachusetts Institute of Technology, European Union, United Locations: AFP, Tokyo, Japan, Africa, Latin America, Asia, Australia, Canada, China, Israel, New Zealand, Norway, Switzerland, United Kingdom, United States
"After recent rises in fares, we should expect a modest price correction in some markets in 2024, although underlying pricing should generally remain strong," it said. However, Amex GBT's "Air Monitor 2024" is expecting only international airfares to drop in 2024 — notably for flights between North America and Asia. BCD Travel Travel Market Report 2024 OutlookTravelers in the U.S. may see some savings. The travel company Hopper expects fares in the U.S. to drop — at least for the first six months, according to its "2024 Travel Outlook" report. However, IATA also stated that the industry faces considerable challenges, from customer competition and high operating costs to government regulations.
Persons: Amex, , Hopper, John Grant, Who's, Willie Walsh Organizations: International Air Transport Association, Global, GBT Consulting, FCM, Travel, GBT's Air Locations: Asia, North America, U.S, Europe, Ukraine, Gaza, Pacific, India, China, America, Mexico Africa
REUTERS/Ammar Awad/ Acquire Licensing RightsNEW YORK/LONDON, Nov 6 (Reuters) - Travelers are canceling or postponing planned vacations to the Middle East and North Africa due to fears of the Israel-Hamas conflict worsening, and as touring companies have also altered itineraries and canceled flights. Travel operators say the war is affecting demand for travel to nearby nations including Egypt, Jordan and Turkey. German airline Group Lufthansa (LHAG.DE) said on Thursday their Middle East bookings have not been affected by the war, with only an initial dip when the conflict started. Spanish travel agency Essentialist said it has canceled 75% of trips to the extended Middle East and Northeast Africa region. The conflict's effect on travel demand to the Middle East may extend beyond the holidays and even just neighboring countries.
Persons: Ammar Awad, Israel, Todd Elliott, Konrad Waliszewski, Willie Walsh, Kathleen Oberg, Patrick Scholes, Essentialist, Matt Berna, Khaled Ibrahim, Doyinsola Oladipo, Joanna Plucińska, Rajesh Kumar Singh, Daniel Wallis Organizations: REUTERS, Cruise Line Holdings, Royal Caribbean Group, International Air Transport Association, Group Lufthansa, AS OMAN, Marriott, Intrepid Travel, Americas, East Travel Alliance, Thomson Locations: Damascus, Jerusalem's Old City, East, North Africa, Israel, Palestinian, Gaza, Egypt, Jordan, Turkey, Orlando , Florida, Israel . Washington, Cyprus, Lebanon, Valencia, Spain, Spanish, Northeast Africa, Australia, Norway, Sharm el Sheikh, Oman, UAE, New York, London, Chicago
British Airlines will stop loading flights with meals for all passengers to reduce food waste. Last month the airline brought back free tea and coffee for passengers on short-haul flights. British Airways is trialing a new catering system where it won't load enough food for all passengers on a flight in a bid to tackle food waste. This included scrapping free beverages for passengers on its short-haul economy flights, the Sunday Times reported. Last month it started giving passengers free tea and coffee again on its short-haul routes.
Persons: Willie Walsh, Walsh, Alex Cruz, Sean Doyle Organizations: British Airlines, Morning, British Airways, KFC, Passengers, Former British Airways, Financial Times, Sunday Times Locations: London, Caribbean, Iberia
Air India, which is revamping itself under new owner Tata Group, has been rapidly growing its international presence with new non-stop flights to Europe and the United States. Being able to use Russian airspace has come as a boon as it looks to capture a bigger share of the market. IATA Director General Willie Walsh called for an opening up of Russian airspace. "What we would like to see is everybody using Russian airspace. But airlines that can are unlikely to stop using Russian airspace after this diversion, said James Halstead, managing partner at Aviation Strategy.
Persons: Stringer, Campbell Wilson, Wilson, Scott Kirby, Kirby, Willie Walsh, Walsh, James Halstead, Vinod Kannan, India's, it's, Air India's Wilson, I'm, Aditi Shah, Mark Potter Organizations: REUTERS, United Airlines, Air, Air India, International Air Transport, Tata Group, Reuters, Airlines, Aviation, Singapore Airlines, Thomson Locations: Sheremetyevo, Russia, Ukraine, Moscow, Stringer ISTANBUL, U.S, India, Europe, Asia, Brussels, Air India, Istanbul, Air, United States, Russia's Far
ISTANBUL, June 6 (Reuters) - Global airlines called on Tuesday for broad co-operation to reach "very tough" emission targets and pledged to release interim climate targets next year as the industry aims for a goal of net-zero by 2050. Airlines are relying for 62% of their emissions reduction target on the fuel, which is currently between two to four times more expensive than kerosene. Walsh said airlines were not afraid to confront the fact that their share of total emissions will rise as other industries with fewer technological hurdles decarbonise. "Different parts of the world are moving at different paces and for us, representing global airlines, we've got to factor all of that into account." One thing airlines agreed on was frustration at aircraft delays, which have disrupted their schedules, with CEOs asking IATA to lobby planemakers.
Persons: Willie Walsh, Walsh, Jo Dardenne, Tim Clark, Clark, we've, Joanna Plucinska, Tim Hepher, Andrew Heavens, Sriraj Kalluvila, Alexander Smith Organizations: Aviation, International Air Transport Association, Sustainable Aviation Fuel, SAF, Transport, Environment, Dubai's Emirates, Reuters, Thomson Locations: ISTANBUL, Istanbul, planemakers, United States, Dubai
But Main Street isn’t listening. New data from TD Ameritrade shows that retail investors shrugged off US debt ceiling uncertainty and recessionary fears last month as they increased their exposure to markets. That index aggregates Main Street investor positions and activity to measure how they’re positioned in the market. Retail investors also piled out of AI and tech stocks as the sectors surged in May, opting instead to put their money into riskier bets. But these trades are risky and while an institutional investor might lose their job for making a big mistake, a Main Street trader could lose their shirt.
Persons: New York CNN — “, recessionary, Dow, they’ve, Alex Coffey, Ameritrade, , , Coffey, Binance, Changpeng Zhao, Zhao, Gary Gensler, Hanna Ziady, Willie Walsh, ” Walsh, Walsh Organizations: CNN Business, Bell, New York CNN, Federal Reserve, First Republic Bank, Nasdaq, Research, CNN, PayPal, Disney, Coffey Retail, US Securities and Exchange Commission, SEC, Global, International Air Transport Association, Airlines Locations: New York, USA, bro
ISTANBUL, June 5 (Reuters) - Global airlines more than doubled their 2023 industry profit forecast to $9.8 billion from $4.7 billion on Monday cheered by strong travel demand as the sector recovers from the COVID-19 pandemic. "The pandemic years are behind us and borders are open as normal," Director General Willie Walsh told the annual meeting of the International Air Transport Association (IATA). Global airlines have in recent months reported strong results as they prepare for a busy summer season, with travel demand showing no sign of flagging despite peaking inflation. Revenue levels for 2023 are also inching closer to pre-pandemic levels, climbing to an expected $803 billion versus $838 billion in 2019. And they will continue to do so through this year," Walsh told Reuters in an interview separately.
Persons: Willie Walsh, Walsh, " Walsh, Joanna Plucinska, Aditi Shah, Tim Hepher, Jason Neely Organizations: Global, International Air Transport Association, . Global, Reuters, Airlines, Schiphol Airport, Schiphol, Thomson Locations: ISTANBUL, Netherlands, South Africa
IATA on Monday more than doubled its 2023 profit forecast for the global airline industry despite a looming economic downturn. Airlines are expected to make $9.8 billion in net profit in 2023, up from a December forecast of $4.7 billion. The industry’s main lobby group expects 4.35 billion people to travel by air this year, not far off the 4.54 billion passengers who flew in 2019. The figures mark a significant turnaround for the airline industry, which carried just 1.8 billion passengers in 2020 because of the coronavirus pandemic, at a loss of $76 per traveler. From that nadir, air travel has rebounded even as high inflation and rising interest rates weigh on spending by businesses and consumers in other areas.
Persons: Willie Walsh, ” Walsh, Walsh, , CNN’s Richard Quest, we’re, ” — Gayle Harrington Organizations: London CNN — Global, International Air Transport Association Locations: Istanbul,
Supply chain issues will impact air travel in 2023, IATA director general says. Juliette Michel | Afp | Getty ImagesAir travel will be affected by "very frustrating" supply chain issues this year, according to Willie Walsh, director general of the International Air Transport Association, as he discussed the challenges facing the aviation sector this year. And we're already seeing that," Walsh told CNBC's Dan Murphy. A scarcity of air traffic control staff is also likely to be a problem in 2023, Walsh said. "The challenges we expect to see in the short term are outside of our control, and they principally relate to shortages, in resources in air traffic control," Walsh said.
Persons: Juliette Michel, Willie Walsh, Walsh, CNBC's Dan Murphy, We've Organizations: Afp, Getty, Air, International Air Transport Association, Boeing, Airbus Locations: U.S, United States, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAviation recovery is at about 90% compared to 2019, IATA director general saysIATA Director General Willie Walsh discusses the airline sector’s recovery, three years after the outbreak of the coronvairus pandemic.
Persons: Willie Walsh Organizations: Aviation
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIATA director general weighs in on Saudi Arabia’s new carrier Riyadh AirIATA Director General Willie Walsh discusses Saudi Arabia’s new carrier Riyadh Air, announced by Prince Mohammed bin Salman in March 2023.
Persons: Willie Walsh, Prince Mohammed bin Salman Organizations: Riyadh Air, Saudi Locations: Saudi
London CNN —The CEO of Qatar Airways has described the airline industry’s emissions goals as a “PR exercise,” saying aviation is on track to miss its target to achieve net zero status in 2050. “Let us not fool ourselves,” Al Baker told CNN’s Richard Quest. Currently, SAF production is less than 0.1% of what is needed for aviation to achieve net zero. “We’re openly acknowledging that this is going to be a huge challenge,” Walsh told Quest as the IATA meeting began on Sunday. Despite his skepticism on the industry’s current emissions targets, he still believes that net zero is achievable.
Persons: Akbar Al Baker, ” Al Baker, CNN’s Richard Quest, , Al Baker, , Willie Walsh, Walsh, “ We’re, ” Walsh, Quest, I’m Organizations: London CNN, Qatar Airways, CNN, International Air Transport Association, SAF
[1/2] An Air France aircraft, operated with sustainable aviation fuel (SAF) produced by TotalEnergies, is refueled before its first flight from Nice to Paris at Nice airport, France, October 1, 2021. REUTERS/Eric Gaillard/File PhotoISTANBUL, June 5 (Reuters) - Airlines took aim at Europe over green fuel mandates and its failures to stem France's air traffic control strikes as they weigh on carrier capacities at a global airlines meeting in Istanbul on Monday. In 2021, the body released its strategy to achieve net-zero carbon emissions by 2050, including a progressive increase in sustainable aviation fuel use. A global approach to book and claim for SAF credits will help facilitate economies of scale in SAF production," he said. FRAGMENTATIONHowever, IATA said the EU's approach could cause more fragmentation by forcing airlines to buy SAF in Europe, ultimately hampering a harmonized global approach and sowing confusion.
Persons: Eric Gaillard, Willie Walsh, Walsh, Marie Owen Thomsen, Joanna Plucinska, David Evans Organizations: Air France, REUTERS, Airlines, EU, SAF, Air Transport Association, Officials, Chicago Convention, Activists, Thomson Locations: Nice, France, ISTANBUL, Europe, Istanbul, United States, COVID
Airlines say ready to avoid repeat of summer travel chaos
  + stars: | 2023-06-04 | by ( ) www.reuters.com   time to read: +2 min
Airline leaders attending IATA's annual meeting in Istanbul this week remain concerned about air traffic control disruption in Europe and the United States, however. "But as far as they are concerned, they have fulfilled their obligation to get their resources in place for this summer. Rising numbers of disputes between travellers and airlines globally have led to calls for passenger compensation. Some passenger groups have accused airlines of skirting compensation by invoking an exemption for exceptional circumstances. Airlines have reported strong bookings for this summer as air traffic returns towards pre-COVID levels.
Persons: Willie Walsh, they've, Walsh, Eurocontrol, Tim Hepher, Joanna Plucinska, Aditi Shah, David Holmes Organizations: Airlines, International Air Transport Association, Sunday, Airline, Reuters, European, Thomson Locations: ISTANBUL, Istanbul, Europe, United States, North America, Canada, U.S, European Union, Ukraine
Airlines body urges jetmakers to fix aircraft delivery delays
  + stars: | 2023-06-04 | by ( ) www.reuters.com   time to read: +1 min
Airlines "are not concerned about the macroeconomic environment, they're concerned about the access to spare parts for their existing aircraft and the delivery of new aircraft. "It's frustrating because airlines can see strong demand, but they're not able to match supply with demand in many markets. Airbus (AIR.PA) and Boeing (BA.N) have blamed supply chains for delivery delays, while bottlenecks in a network of engine repair shops have also forced airlines to ground dozens of jets. The gathering comes two weeks before the Paris Airshow, where supply pressures are likely to overshadow new orders. Reporting by Tim Hepher, Joanna Plucinska and Aditi Shah; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.
Persons: Adolfo Suarez, Isabel Infantes, Willie Walsh, it's, they're, Tim Hepher, Joanna Plucinska, Aditi Shah, David Holmes Organizations: Ryanair Boeing, Airbus, Adolfo Suarez Madrid, Barajas Airport, REUTERS, International Air Transport Association, Reuters, Boeing, Thomson Locations: Madrid, Spain, Isabel Infantes ISTANBUL, Istanbul, Airlines, Paris
“Airlines already have financial incentives to get their passengers to their destination as planned,” Willie Walsh, the director general of the International Air Transport Association, a lobbying group, said in a statement criticizing the Biden plan. Europe’s air passenger rights regulation hasn’t been a panacea. Mr. Zenere, for example, is still arguing with Wizz Air, the airline that delayed his trip to Venice last year. — Bernhard WarnerTell us what you think: What changes would you like to see introduced to make the air travel experience smoother? Yaccarino, who was NBCUniversal’s head of advertising, will take over a company that has struggled to expand its ad business.
DUBLIN, April 19 (Reuters) - Global airline capacity will be lower than expected this year and stay constrained until 2025 at the earliest, said IATA head Willie Walsh, blaming delays in new aircraft deliveries and a lack of availability of spare parts, particularly for engines. "I can't see anything really improving or significantly improving probably until 2025 at the earliest and it may even go beyond that," Walsh told Reuters on the sidelines of a conference in Dublin on Wednesday. Reporting by Conor Humphries, writing by Sarah Young; editing by James DaveyOur Standards: The Thomson Reuters Trust Principles.
AMSTERDAM, March 3 (Reuters) - KLM and other airlines on Friday said they are suing the Dutch government over plans to cap the number of annual flights allowed at Amsterdam's Schiphol Airport, saying it would hurt them, the Dutch economy and travellers. Others joining the KLM suit include Delta Airlines, easyJet, TUI and Turkey's Corendon Airlines. But the decision to cap the flights cited noise and air pollution concerns, not traveller's' distress. Schiphol Airport Group, which was also issued a summons in the KLM-led case, said it "regretted" the suit. Last month the airport said it would impose a 66,000 passenger per day cap for the 2023 May vacation period due to still-unresolved labour shortages.
WASHINGTON, Feb 6 (Reuters) - The world's biggest airline trade body warned many airlines will be unable to meet looming U.S. deadlines to retrofit airplane altimeters to ensure they are not susceptible to 5G wireless interference and warned it could impact the summer international travel season. The FAA last month said it was proposing a requirement that passenger and cargo aircraft in the United States have 5G C-Band-tolerant radio altimeters or approved filters by early 2024. The Transportation Department did not comment while the FAA said in response to request for comment on the letter "the FAA has made its position clear." The FAA, Verizon and AT&T are now negotiating to reach a new agreement that seeks to extend some voluntary mitigations beyond July 1, sources told Reuters. Reporting by David Shepardson; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
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