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.
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U.S. consumer prices rose at their fastest pace in five months in June, signaling the early impact of tariffs on inflation. However, subdued demand and falling service prices may keep the Federal Reserve cautious about rate changes.
The American leader stated that if an agreement between Russia and Ukraine is not achieved within that timeframe, "it will be very bad."
A new London exhibition invites visitors into the vibrant world of late Italian designer Gianni Versace, showcasing over 450 iconic pieces worn by celebrities and models alike.
Apple and mining company MP Materials announced a joint $500 million investment to develop a rare earth magnet recycling facility, with plans to bolster U.S.-based production and reduce reliance on China.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Authorities in North Carolina are investigating three potential storm-related deaths linked to severe flooding from the remnants of Tropical Storm Chantal, officials said Tuesday.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Two student pilots were killed when two single-engine training aircraft collided mid-air in southern Manitoba, Canadian authorities confirmed on Tuesday.
The Nordwind airline will launch direct flights between Moscow and Pyongyang from 27th July, the Russian Ministry of Transport announced.
U.S. State Department has announced a new awareness campaign warning Americans, especially Iranian-Americans, about the continuing severe risks of travel to Iran.
The agreement between Russia and Oman to mutually waive visas will come into force on 18th July, the Russian Foreign Ministry said in a statement.
Archaeologists in Peru have uncovered the remains of a 3,500-year-old city in the country’s northern Barranca province, shedding new light on trade and settlement patterns in early South American civilisations.
Mehrabad and Imam Khomeini airports, along with regional airports in the north, east, west, and south of the country, have resumed operations in Iran and are fully prepared to provide flight services.
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