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Jun 3, 2024

IATA’s 80th meet ongoing in Dubai

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FA News Desk
IATA

Leaders of the global airline industry are gathering in Dubai, United Arab Emirates (UAE), for the 80th International Air Transport Association (IATA) Annual General Meeting (AGM) and World Air Transport Summit (June 2-4 2024).

The event is being held in the UAE for the first time and hosted by Emirates Airline. Over 1,500 participants are expected to be in attendance, including industry leaders, government officials and media.

The AGM was opened by H.E. Abdulla bin Touq Al Marri, Minister of Economy for the United Arab Emirates.

“Dubai’s world-leading connectivity places it at the crossroads of the planet. And it will soon be the center of the airline industry’s leadership as it hosts the 80th IATA Annual General Meeting and World Air Transport Summit,” said Willie Walsh, IATA’s Director General.

In the meantime, the IATA said global passenger demand will increase in April 2024 and increase.  

The IATA Passenger Survey also revealed 88% agreement that ’air travel makes my life better’. 

All regions showed strong growth for international passenger markets in April 2024 compared to April 2023. The load factor increased to a two-year high, and capacity increases were well-matched to demand.

Asia-Pacific airlines continue to lead the way, with a 32.1%, European carriers saw a 10.1%, Middle Eastern airlines saw a 14.2%, North American carriers saw a 6.5%, Latin American airlines saw a 14.5%, African airlines saw an 15.5%

Likewise, according to  IATA, the global air cargo markets showed strong annual growth in demand into the second quarter (Q2) for this year.

According to the reports, Asia-Pacific airlines saw 14.0%, North American carriers saw 7.0%, European carriers saw 12.7%, Middle Eastern carriers saw 9.4%, Latin American carriers saw 11.7%, African airlines saw 10.6%.

Also the IATA set up  SAF Registry (Registry) to accelerate the uptake of Sustainable Aviation Fuels (SAF) by authoritatively accounting and reporting emissions reductions from SAF. 

Seventeen airlines, one airline group, six national authorities, three Original Equipment Manufacturers (OEMs), and one fuel producer are already supporting the effort to develop the Registry. The Registry is expected to launch in the first quarter of 2025.

SAF is expected to account for up to 65% of the total carbon mitigation needed to achieve net zero carbon emissions in air transportation by 2050. 

The Registry is being developed in consultation with airlines, government authorities, international organizations, OEMs, fuel producers and suppliers, airports, and corporate travel management companies.