IATA

Financial Landscape: Banks Get No Love; OPEC Vs. OPEC

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.

Airline Profits Forecast to Fall as Fares Keep Rising

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.

Why Fly? The Case Against Air Travel

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?

IATA Calls For Shared Responsibility on New Security Measures

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 supply chain, beginning with the manufacturer, IATA's CEO Giovanni Bisignani said.

Why U.S. Airlines Are Beating Europe's

The Icelandic volcano isn't the only thing that hit the Continent's carriers hard. They've also had to grapple with currency woes, the European debt crisis and falling consumer confidence. U.S. airlines have avoided much of that storminess.