The head of IATA downplayed concerns that potential US trade tariffs would disrupt the ongoing surge in travel demand. While acknowledging added uncertainty, he suggested that Trump’s policies might ultimately benefit the airline industry by promoting consolidation and regulatory changes.
The International Air Transport Association (IATA) remains confident that the strong recovery in air travel will continue despite the threat of new US trade tariffs. Willie Walsh, IATA’s chief, stated that while uncertainty is never welcome, the industry has always managed such challenges.
Walsh described Trump’s trade policies as a "net positive" for airlines, arguing that they could drive industry consolidation. He also called on European regulators to reassess their policies, saying Trump’s stance had accelerated this need.
Transatlantic travel saw year-on-year growth in January and February, with overall industry demand rising 9% compared to pre-pandemic levels in 2019. While March and April data are yet to be reviewed, Walsh said there was no clear sign of a slowdown.
However, individual airlines reported mixed trends. Virgin Atlantic and Delta noted a dip in US-UK travel due to economic uncertainty, whereas Lufthansa reported stable transatlantic bookings.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emerge...
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to b...
Kazakhstan has signed a $10 billion agreement with Firebird and NVIDIA to build one of Central Asia's largest AI computing hubs, as governments increa...
A secretive offshore oil transfer network backed by U.S. military support has helped keep Gulf energy exports flowing despite major disruption around ...
Azerbaijan’s President Ilham Aliyev has praised U.S. President Donald Trump for his role in advancing peace efforts in the South Caucasus, describin...
A secretive offshore oil transfer network backed by U.S. military support has helped keep Gulf energy exports flowing despite major disruption around the Strait of Hormuz, a Reuters investigation has found.
Azerbaijan’s President Ilham Aliyev has praised U.S. President Donald Trump for his role in advancing peace efforts in the South Caucasus, describing recent diplomatic developments as an important step towards long-term regional stability.
Oil prices edged lower on Tuesday (16 June) as traders assessed the possibility of oil supplies returning through the Strait of Hormuz following a preliminary agreement aimed at ending the conflict involving Iran.
Scientists have identified almost 166,000 square kilometres of coral reefs worldwide that appear capable of surviving and recovering from the impacts of climate change, offering new hope for some of the planet's most vulnerable marine ecosystems.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Israeli Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel does not consider itself bound by a Lebanon-related provision in an emerging agreement with Iran, according to Israeli officials.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
Tourism operators in eastern Latvia say repeated incursions by stray military drones linked to the war in Ukraine are driving visitors away from one of the country's most popular summer destinations, threatening hundreds of small businesses that rely on seasonal trade.
TUI has reported sustained demand for holidays despite the Iran war, as the world’s biggest travel company posted lower-than-expected quarterly losses and said bookings for the second half of the year remained strong.
Travellers worried about costs and flights by the ongoing conflict in the Middle East are changing their summer holiday plans, with lastminute bookings, safer destinations such as Spain, and rail travel all growing in popularity.
A Turkish Airlines plane caught fire in its landing gear tyres after landing at Tribhuvan International Airport on Monday (11 May) morning, temporarily disrupting airport operations, officials said.
ITA Airways is preparing to raise ticket prices by between 5% and 10% this year as soaring fuel costs linked to the conflict involving Iran, Israel and the U.S. continue to pressure airlines worldwide.
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