Finance Matters

It appears the airline industry is recovering after a devastating time during the recession, which saw a slump in air travel. According to the airline industry body, International Air Transport Association (IATA), the number of passengers purchasing premium airline tickets grew again in June with demand for premium tickets up 16.6% on year. This compares [...]

The International Air Transport Association (IATA) has revised its forecasts for the airline industry for this year after forecasting a loss in March.
According to the industry body, global airlines will make profits of $2.5 billion (£1.7 billion) in 2010.
In March, IATA forecast a loss of around $2.8 billion this year, following a severe fall of [...]

The International Air Transport Association (IATA) has today reported that international passenger traffic fell last month as flights were hit by the volcanic ash cloud from Iceland.
The ash cloud has meant the recovery in the airline industry has taken a knock as flights were cancelled throughout the month.
According to IATA, airline traffic fell by 2.4% [...]