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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Chinese tech giants, including Alibaba-backed Ant Group (688688.SS) and e-commerce company JD.com have halted plans to issue stablecoins in Hong Kong after the government raised concerns about the increasing influence of privately controlled currencies, the Financial Times reported on Saturday.
New Zealand's annual inflation accelerated in the third quarter, reaching 3.0%, which aligns with analysts' expectations and is at the upper end of the central bank's target range, according to official data released on Monday.
Centrist Rodrigo Paz won Bolivia's presidential runoff on Sunday, defeating conservative rival Jorge 'Tuto' Quiroga, as the country's worst economic crisis in a generation helped propel the end of nearly two decades of leftist rule.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
China's national railway recorded 23.13 million trips on the first day of the country's eight-day National Day holiday on Wednesday, up nearly 8% from a year earlier and setting a single-day record, state media CCTV reported.
Qantas Airways said a fire alert that triggered the pilot of a flight from Sydney to make a mayday call before landing safely at Auckland airport on Friday was likely a false alarm.
The airspace over Denmark's Aalborg Airport was reopened early on Friday (26 September) after a closure for the second night in a row due to suspected drone activity, police said.
The Dubai Fountain, one of the emirate’s most famous attractions, has been closed for much of the year as it undergoes major upgrades.
Denmark's Aalborg airport was closed due to drones in its airspace, police said early on Thursday (25 September), two days after the country's main Copenhagen airport was shut over drone sightings that raised European security concerns.
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