August 26, 2019: The International Air Transport Association (IATA) has unveiled the theme for the 2019 World Financial Symposium (WFS) to be held in Miami, from September 25-26, 2019.
IATA will focus on the theme of shaping a sustainable future together with airlines and its partners.
"The airline industry is still earning money and we are expecting to deliver a return on invested capital for a record fifth year — but just barely.
Rising fuel prices, slowing demand growth, trade wars and geopolitical tensions all are challenging the industry's fortunes.
Airline financial organizations will play a vital role in helping to carry the business through this turbulence.
WFS provides a forum for finance professionals across the aviation value chain, to discuss and debate the correct strategies to achieving a sustainable future," said Aleks Popovich, senior vice president, financial and distribution services, IATA.
December 04, 2019: Cargolux Airlines has renewed its Cargo iQ certification for the next three years.
The Cargo iQ audit ensures that the company complies with Cargo iQ standards and contributes to the seamless transportation of air cargo in the supply chain.
Cargo iQ is an IATA-interest group comprising airlines and forwarders that aims at improving the work processes throughout the transport journey from shipper to consignee.
The objective is to implement processes, backed by quality standards that are measurable and supported by data.
As a founding member of the initiative, Cargolux takes the issue of seamless shipment transit very seriously and strive to enhance transparency and cooperation within the process.
Franco Nanna, director global logistics services explained, “Cargolux has been committed to the Cargo iQ project since the very beginning and has been actively involved in the development and implementation of improved business processes.
August 7, 2019: Demand in global air freight markets decreased by 4.8 percent in June 2019, compared to the same period in 2018, revealed International Air Transport Association (IATA).
Measured in freight tonne kilometers (FTKs), the fall in demand marked the eighth consecutive month of year-on-year decline in freight volumes.
Asia-Pacific airlines saw demand for air freight contract by 5.4 percent in June 2019, compared to the same period in 2018 - the sharpest declines in year-on-year growth in total air freight volumes.
FTKs for the within-Asia market have decreased more than 10 percent over the past year.
Air freight capacity increased by 1.8 percent over the same period.
Globally, trade growth is languishing, and business uncertainty is compounded by the latest tariff increases in the US-China trade dispute.
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