IATA

As a new week begins on Wall Street, nobody wants bank stocks, J.P. Morgan Chase hints at changes at the top, OPEC ministers tussle over crude, and airlines are in for some financial turbulence. In fact, the only good news is for France, which apparently won't lose the IMF over the DSK scandal.

The International Air Transport Association has cut its 2011 profit forecast for the industry in half, and fares are on the rise. The IATA downgraded its 2011 airline industry profit forecast to $4 billion -- 54% less than its March forecast and 78% less than the industry netted in 2010.

It's bad enough that air fares and extra fees have been rising as fast as a plane taking off -- now, travelers must wonder if aircraft have been properly inspected. Are the costs, pains and risks of flying reaching the point where frequent fliers should reconsider their transportation choices?

Airlines should not be forced to take full responsibility for extra security measures as governments try to respond to the discovery of bombs in air-cargo shipments last week, the International Air Transport Association said. Responsibility for new security measures should be spread through the...

The Continent's carriers have been hit by volcanic ash, currency woes, the debt crisis and falling consumer confidence. U.S. airlines have avoided much of that storminess.

While the world's airlines now expect a $2.5 billion profit in 2010, reversing earlier forecasts for yet another losing year, investors should take the news with a grain of salt.

As each day passes, the financial plight of the airline industry gets worse. Falling passenger traffic due to the recession, and moderately high fuel prices due to $70 per barrel oil, are squeezing margins into the red at debt-laden carriers. Japan Airlines said, on September 15th, that it would...

Airlines are facing higher fuel costs. And, they are facing lower demand for each seat. This has lead industry group International Air Transport Association (IATA) to predict that the global airline industry will lose $9 billion this year. One theory, espoused by some analysts is that the best way...

The International Air Transport Association in March projected global airlines would lose $4.7 billion this year compared to $8.5 billion last year. The number for 2009 is almost certain to be worse than the forecast from three months ago as both passenger and freight loads drop. The news reopens...

You may not have thought there was anywhere else for the airlines to cut back. But, no. To cut costs, they have actually figured out a way to alter time and space.Turns out that flight paths as we know them are less-than-efficient, and there are a few methods to wring more economy from the way...