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Aircraft navigation disruptions surge 175% as GPS spoofing escalates—IATA

BY CHUKWUEMEKE IWELUNMO Aircraft navigation disruptions, including signal jamming and GPS spoofing, soared by 175 per cent in 2024, posing a growing threat to global aviation safety, according to the International Air Transport Association (IATA). The latest IATA Incident Data Exchange (IDX) report revealed an alarming 500 per cent spike in GPS spoofing incidents, further
News

IATA estimates airlines losses at $9.7bn in 2022

By Chukwuemeke Iwelunmo The International Air Transport Association (IATA) has narrowed down its estimate for global airlines’ losses in 2022 to $9.7 billion, predicting a possible return to profitability by 2023 as efficiency gains and improving yield offset higher labour and fuel costs, according to its annual estimates. The estimates were released at the annual […]
News

IATA estimates airlines losses at $9.7bn in 2022

By Chukwuemeke Iwelunmo The International Air Transport Association (IATA) has narrowed down its estimate for global airlines’ losses in 2022 to $9.7 billion, predicting a possible return to profitability by 2023 as efficiency gains and improving yield offset higher labour and fuel costs, according to its annual estimates. The estimates were released at the annual […]
Business

Industry losses to top $84bn in 2020

.. As airlines burn cash, accumulate debts The International Air Transport Association (IATA) says the global air transport industry shows that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1 per cent in its financial outlook for 2020.  IATA in its latest release said revenues will fall 50 per […]
Business News

Covid-19: Airlines facing rapid cash burn…IATA

The International Air Transport Association (IATA) published a new analysis showing that airlines may burn through $61 billion of their cash reserves during the second quarter ending 30 June 2020, while posting a quarterly net loss of $39 billion. This analysis is based on the impact assessment IATA released last week, under a scenario in which severe travel restrictions
Business

NANTA holds nationwide training for travel agencies

The National Association of Nigerian Travel Agency says it will start hosting nationwide free training for IATA and Non-IATA registered travel agencies in Lagos, Port Harcourt and Abuja Tagged as IATA EasyPay Workshop for IATA and Non-IATA Agents, Mr Bankole Bernard, President of the Association disclosed that the purpose of this workshop was to enlighten […]
Business

Air Peace receives IATA membership certificate

.. Sets to deliver 11 new aircraft by December Air Peace, over the weekend, received its membership certificate from global aviation body, International Air Transport Association (IATA) after the successful completion of IATA Operational Safety Audit (IOSA) audit earlier this year. Presenting the much coveted IATA certificate to the Chief Executive Officer of Air Peace,