Trapped funds getty The world’s trade body for airlines, the International Air Transport Association (IATA), has said that close to $6 billion of its members’ assets are currently trapped in more than...
Tag: Willie Walsh
Profitability Coming For World’s Airlines In 2023
(Photo by David Purdie/Getty Images) Getty Images Willie Walsh, director general of the International Air Transport Association (IATA), a trade association representing the global airline industry, is...
Taxation is a blunt instrument, IATA chief Willie Walsh says
The aviation industry requires more carrot and less stick going forward to become more sustainable, according to the director general of the International Air Transport Association. Speaking at CNBC&#...
What is required to travel to Hong Kong? Many, many tests
Travelers headed to Hong Kong no longer need to quarantine in a hotel upon arrival. But they will have to submit to a barrage of Covid tests. They can go to work, take public transportation and go to ...
Executives defend industry as airlines cancel flights around world
Air travel is roaring back, but not without some significant hiccups. Particularly in North America and Europe, travelers have described chaos at airports, with scores of flights canceled or delayed, ...
Strong air travel recovery in US, Europe, Latin America but Asia lags
International air travel has been making a strong recovery this year, with the exception of the Asia-Pacific region, which is “lagging significantly behind,” according to the International...
IAG CEO Luis Gallego Focussed On The Future
Like all airlines IAG reported a substantial loss for its financial year ended March 2022. The figure of €2.97 billion ($3.22 billion) represented an improvement over the previous year. As it moves in...
Airbus CEO says hydrogen plane is ‘the ultimate solution’
A model of one of Airbus’ ZEROe concept aircraft displayed in Hamburg, Germany, on 18 January 2022. Marcus Brandt/dpa | picture alliance | Getty Images Aviation could face substantial challenges...
Sustainable aviation fuel costs more but consumers willing to pay: IATA
Sustainable aviation fuel’s main challenge relates to volume rather than airlines’ desire to use it, and consumers will be willing to pay the extra costs associated with its uptake, the di...