ALLIANZ STUDY CONFIRMS AIRLINES' RECOVERY WORLDWIDE

Andrew J. Wein -
Due to the COVID-19 pandemic and higher airfare costs, demand for air travel has severely decreased. However, there has been a significant increase in demand for air travel despite inflation, which is ...

A FAVORABLE FORECAST OF AIRFARES FOR BUSINESS TRAVEL

Larry Brain -
According to the annual estimates by the American Express Global Business Travel (Amex GBT) consulting arm, airfares for the most significant business travel routes worldwide are expected to stabilize ...

ACCORDING TO IATA, AIR TRAFFIC AT PRE-PANDEMIC LEVELS

William Law -
The pandemic years are behind us, and borders have reopened, allowing people to fly again. Despite the ongoing uncertainty in the global economy, passenger traffic has almost recovered to 2019 levels, ...

BRUSSELS ENCOURAGES THE USE OF SUSTAINABLE AVIATION FUEL TO CUT 55% OF EMISSIONS BY 2030

Chris Grad -
The European Commission will encourage the use of sustainable aviation fuel (SAF) through tax exemption, as proposed last week within the new plan known as “Fit for 55”, with which EC wants to achieve ...

IATA EXPECTS AVIATION INDUSTRY TO EARN EUR 21.5 BILLION IN 2023

Richard Moor -
The International Air Transport Association (IATA) has forecasted that the aviation industry's net profits will increase to $23.3 billion (€21.5 billion) by 2023 and further rise to $25.7 billion (€23 ...