Saudi Arabia and Maldives forge stronger aviation partnership

Saudi Arabia and the Maldives have taken a significant step towards enhancing aviation safety and security, particularly in the area of water aerodromes and seaplanes, following a high-level visit by His Excellency Captain Mohamed Ameed, Minister of Transport and Civil Aviation from the Maldives.

This visit to the Red Sea region was a key moment in Saudi-Maldives relations, underscored by the signing of a Memorandum of Understanding (MoU) between the General Authority of Civil Aviation (GACA) of Saudi Arabia and the Maldives Civil Aviation Authority.

The MoU establishes a framework for enhanced cooperation, focusing on the development of safety and security regulations for water aerodromes and seaplanes that align with international best practices.

The event was hosted by His Excellency Eng. Saleh bin Nasser Al-Jasser, Saudi Arabia’s Minister of Transport and Logistics, along with His Excellency Abdulaziz Al-Duailej, President of GACA within the Red Sea project. 

The Red Sea is a giga project being developed by Red Sea Global, which is dedicated to creating world-class sustainable tourism destinations. The project itself is anchored by the cutting-edge Red Sea International Airport. 

The airport is fast becoming a key gateway for luxury tourism, further cementing Saudi Arabia’s status as a global leader in innovation and sustainable development. 

The visit culminated in a shared commitment to minimizing the environmental impact of aviation through innovative regulatory frameworks and strengthened international cooperation.

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British Airways releases the top 25 most sought-after destinations for 2025

                 

                     As the 'End of Summer Sale' launches, British Airways Holidays has identified the most sought-after destinations for 2025 holidays so far and delves into the movers and shakers over the last 12 months.

Photo BA

The never-ending allure of the Big Apple means New York has retained the top spot once again for 2025. Meanwhile, Phuket and Bangkok appear to be riding the wave of excitement surrounding the upcoming third season of an Emmy-winning TV comedy-drama, securing them as potential holiday hotspots for next year. They rank 16th and 20th respectively.

There are also some new additions that have captured the imagination of UK travellers. Nashville is a new entry at number 22, perhaps fuelled by the resurgence of country music, while Corfu follows at 23 after a flurry of new hotel openings. Australia sneaks in at number 25 to round off the list.

Los Angeles has an unparalleled line up of world-class sporting events on the horizon, potentially driving the destination’s recent rise through the ranks, and Grenada seems to have captured the attention of viewers of a recent popular TV show, as it jumps up a staggering five places.

The top five destinations are listed below.

New York: Retains the top spot once again

Orlando: Also a non-mover

Las Vegas: Climbs one spot to take the bronze position

Maldives: Drops down one place to just miss out on a podium finish

Barbados: Another destination which has climbed the list by one place

Holidaymakers looking to secure a chance to experience these wonders of the world, plus many more spectacular destinations, can do so with the British Airways and British Airways Holidays ‘End of Summer Sale’, now live. Customers have until 1 October 2024 to take advantage of these deals, securing their next getaway for either 2024 or 2025. The sale includes a wide selection of flights and holiday packages to some of the world’s most desirable destinations.

Helicopter deliveries may rise in 2025, according to Bloomberg Intelligence

Helicopter deliveries may decline this year on supply-chain issues, yet more orders -- particularly at Airbus and Leonardo -- might portend a better 2025, according to a new report from Bloomberg Intelligence (BI). Increased oil prices could boost demand for higher-margin offshore twin-engine models, with Airbus already seeing gains. Wars in Ukraine and the Middle East may bolster defence demand, especially for European manufacturers, as spending grows.

Twin-engine helicopter demand appears set for an annualized decline through late August of 30%, surpassing total helicopter deliveries (down 22.5%). Medevac, dedicated attack and police helicopters are bearing the brunt.

George Ferguson, BI Senior Industry Analyst – Aerospace/Defence, said: “Supply chains might be partly to blame, though the bigger percentages likely reflect market trends. The attack-helicopter drop is surprising but might be short-lived, as fighting in Ukraine and Russia's greater use of armour, may bolster demand. Poland's commitment to buy 96 Boeing AH-64 Apaches could lead the trend.

“Offshore oil and gas appear set for a sizable gain, we believe, with Airbus taking share. Coast guard needs, along with multi-role military and civil are faring well.”

Backlogs and orders at Airbus and Leonardo have risen, evidence of growing demand and a potential precursor to increased build rates, believes BI. Supply-chain issues are likely slowing builds, helping boost backlogs, though order data from Airbus (233 helicopters in 1H vs. 131 in 1H23) and Leonardo (€3.6 billion in value in 1H vs. €2.8 billion in 1H23) appear to confirm the improved demand. European helicopter makers could see better trends as military helicopter spending rises after years of underinvestment. 

George Ferguson added: “Revenue and margin could rise for Airbus and Leonardo as demand grows for offshore-support helicopters by the oil and gas industry and military models amid the wars in Ukraine and the Middle East. The pandemic brought no sales or profit gains to helicopter manufacturers like it did for business jets, given most of the demand then was for fixed-wing aircraft. 

“A major driver of incremental revenue and better margin early in the past decade was due to offshore oil and gas support helicopters, though demand slowed dramatically as oil prices skidded in 2014. Bell and Sikorsky are in a different situation, given the former has a lot of corporate business and its 525 offshore-support model had flight-test challenges. Sikorsky is almost solely a military helicopter provider.”

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easyJet and Virgin Atlantic partner in pilot exchange programme

easyJet and Virgin Atlantic have partnered in a pilot exchange programme that will see a cohort of easyJet pilots join Virgin Atlantic to experience a wide-body flying secondment.

From November 2024, 20 easyJet pilots will swap A320 flying for the right-hand seat as a co-pilot to train on Virgin Atlantic’s Airbus A350 fleet for around three years, returning to easyJet at the end of the placement.

New partnership will see cohort of easyJet pilots join Virgin Atlantic on secondment to train on Airbus A350 wide-body fleet

New programme offers three year long haul flying experience with security of an easyJet role to return to

The partnership will provide easyJet pilots with over 1500 flying hours with the opportunity to experience operations on a state of the art, wide-body Airbus A350 and further their flight deck experience over long-haul routes on the youngest transatlantic fleet, while Virgin Atlantic will benefit from highly-trained experienced short haul easyJet pilots from across Europe joining its team.
Captain Bart Prudon, Director of Flight Operations for easyJet, said:  “At easyJet, we pride ourselves on the calibre of our pilots, our industry-leading training and commitment to career development and so we are delighted to have partnered with Virgin Atlantic to further enhance the opportunities flying with easyJet can offer. Operating a different aircraft type is a fantastic experience for any pilot and this partnership will not only offer global long-haul flying with the added security of returning to easyJet to continue a fantastic career flying modern aircraft across Europe, we know that our highly-skilled pilots will add great value to the Virgin Atlantic team.”
Robbert Strating, VP Flight Operations at Virgin Atlantic, commented:   “Our pilots play a vital role flying our customers, safely and on time. The introduction of our pilot placement programme with easyJet will welcome experienced easyJet pilots directly into the Virgin Atlantic family, giving them the opportunity to fly our state-of-the-art, next generation widebody Airbus aircraft, travelling to some amazing long-haul destinations including Los Angeles, India, and South Africa.
Meanwhile, easyJet’s extensive basing network will allow us to attract pilots from across Europe, reaching new audiences.  With our purpose to inspire everyone to take on the world, we’re pleased to play a pivotal role developing their flying careers and enhancing the skills of the next generation of pilots and supporting UK aviation”. 

Passenger Demand Up 8% in July

The International Air Transport Association (IATA) released data for July 2024 global passenger demand with the following highlights:

•    Total demand, measured in revenue passenger kilometers (RPK), was up 8.0% compared to July 2023. Total capacity, measured in available seat kilometers (ASK), was up 7.4% year-on-year. The July load factor was 86.0% (+0.5ppt compared to July 2023). There was no significant negative demand impact from the CrowdStrike IT outage on 19 July.

•    International demand rose 10.1% compared to July 2023. Capacity was up 10.5% year-on-year and the load factor fell to 85.9% (-0.3ppt compared to July 2023).  

•    Domestic demand rose 4.8% compared to July 2023. Capacity was up 2.8% year-on-year and the load factor was 86.1% (+1.7ppt compared to July 2023). 

“July was another positive month. In fact, passenger demand hit an all-time high for the industry and in all regions except Africa, despite significant disruption caused by the CrowdStrike IT outage,” said Willie Walsh, IATA’s Director General. 

“The winding down of the peak northern summer season is a reminder of how much people depend on flying. As the mix of travelers shift from leisure to business, aviation’s many roles are evident—reuniting families, enabling exploration, and powering commerce. People need and want to fly. And they are doing that in great numbers. Load factors are at the practicable maximum. But persistent supply chain bottlenecks have made deploying the capacity to meet the need to travel more challenging. As much of the world returns from vacation, there is an urgent call for manufacturers and suppliers to resolve their supply chain issues so that air travel remains accessible and affordable to all those who rely on it,” said Walsh.

Florida no longer welcome to LGBT+ visitors.

Once the premier U.S. destination for GLBT+ visitors from around the world is rapidly becoming one of the most unwelcome states in the country.

In the once most accepting Sunshine State, it is legal to discriminate against gay people, for who they love.  There is no statewide law that prohibits discrimination against LGBT+ which in practice means according to state law, it is legal to evict, fire, or deny them lodging, housing, or service in a shop or restaurant just for being gay, lesbian, bisexual or transgender. 

Now, the state is no longer advertising Flrodia as a safe destination,  it has removed the LGBTQ+ section from its website and will no longer produce guides aimed at people from those communities. Visit Florida CEO Dana Young said during a board meeting on 28th August  "Visit Florida is a taxpayer-funded organization, and as such, Visit Florida -- our marketing strategy, our materials and our content -- must align with the state." 

"Florida has always been and will continue to be a very, very welcoming state. That is evidenced by the incredible tourism numbers that we presented last week and at this board meeting, and Visit Florida is committed to continuing that message of being welcoming to everyone as we move through the next year and through the next many years in our partnership with the state of Florida."

The Republican Governor Ron DeSantis claimed not to know about the removal of the travel information to LGBT+ visitors "Our view as a state is we are the best place to visit, we're open to all, but we're not going to be segregating people by these different characteristics."  DeSantis has been a staunch opponent of equality,  in May 2023 he signed four bills restricting LGBT+ rights, including a measure that expanded the controversial “Don’t Say Gay” and has approved a number of other discriminatory laws. In April 2023, DeSantis signed a six-week abortion ban bill into law.

Visit Florida still has online travel guides dedicated to its African American and Hispanic heritage.

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Spirit Airlines launches new guest experience with 'More Fly' giveaway

Travellers can enter for a chance to win a pair of round-trip flights with the perks of the new Go Big or Go Comfy experience at spirit.com/flyaway

Spirit Airlines' newly enhanced Guest experience officially launches today, and the airline is celebrating by inviting travellers to enter for a chance to win big and Go Big or Go Comfy with its new "More Fly Fly-Away." Two lucky winners and their guests will experience Spirit's new travel options, Go Big and Go Comfy, and enjoy the enhanced comfort, flexibility, and value of the carrier's transformed Guest experience. The giveaway, inspired by the elevated options that make travel "More Fly," is open for U.S. residents to enter now through Sept. 23, 2024, at spirit.com/flyaway.*

"The transformation of Spirit's Guest experience is a significant milestone for us that brings exceptional value to travellers, and we're excited to include our Guests in the celebration with this new flight giveaway," said Rana Ghosh, Senior Vice President and Chief Transformation Officer at Spirit Airlines. "The winners will have a chance to experience the benefits of our new premium offerings that provide more comfort and value than ever before."

The grand prize winner will take off in style with a pair of round-trip flights and enjoy the elevated comfort of Go Big. The new Go Big travel option includes a Big Front Seat®, one checked and one carry-on bag, priority check-in and boarding, snacks and drinks, including alcoholic beverages, and access to fast streaming Wi-Fi. The second prize winner will enjoy two round-trip flights with Go Comfy, which includes the choice of an aisle or window seat with a guaranteed blocked middle seat, one checked and one carry-on bag, priority boarding, and a snack and non-alcoholic beverage during each service.

Guests can now experience every aspect of the airline's transformation, including a new priority check-in experience that launches today at more than 20 airports for Guests who opt to Go Big or are Free Spirit® Gold members or Free Spirit World Elite Mastercard holders.

Saudia Group concludes Hajj season 1445H

Saudia Group has announced its remarkable contributions to the success of Hajj Season 1445H through its integrated ecosystem that includes aviation, cargo, logistics, catering, ground services, and maintenance Saudia transported over 1 million pilgrims on more than 5 thousand flights spanning four continents and more than 100 destinations, accumulating 20 thousand flight hours. The group's low-cost carrier, flyadeal, contributed significantly by transporting more than 70 thousand pilgrims and operating 440 flights.

The success of Saudia's flights was attributed to its highly skilled crew, totaling 1.8 thousand Captains and First Officers, and 6.1 thousand cabin crew members, adhering to the highest industry standards. Across the 74-day Hajj operations, Saudia operated at full capacity, ensuring operational efficiency with its fleet of 144 aircraft, as well as 14 additional aircraft dedicated to Hajj flights. The pilgrims' spiritual journey was enriched through a seamless digital booking, diverse meal options, prayer announcements, and informative inflight content.

Saudia Cargo played a pivotal role, leveraging innovative cargo services and a modern fleet, capitalizing on the Kingdom's strategic location to connect continents together and execute digital transformation plans. During the Hajj season, Saudia Cargo operated 717 flights, transporting 98.9 thousand tons across 44.6 thousand export airwaybills.

SAS emergence from restructuring proceedings

SAS announces that the company has successfully completed its restructuring proceedings and emerged from chapter 11 in the US and from Swedish company reorganization, concluding in the investment of USD 1.2 billion. This marks the start of a new era for SAS. The company emerges as a competitive and financially robust airline with a strengthened capital structure, a highly dedicated and experienced management team, a commitment to drive transformational change and sustainability in aviation, and an attractive new customer offering together with the global airline alliance SkyTeam. The new principal owners of the reorganized company, Castlelake, Air France-KLM, Lind Invest and the Danish State, have agreed to appoint a new Board of Directors for SAS, which will be led by Kåre Schultz, as Chairman of the Board.

SAS initiated its restructuring proceedings in order to accelerate the implementation of its comprehensive business and financial transformation plan, SAS FORWARD. The aim of SAS FORWARD is to achieve a full transformation of SAS’ business, including optimization of its network and fleet, achieving unit cost competitiveness and building a sustainable future. Over the course of the restructuring proceedings, SAS has successfully restructured more than USD 2 billion of debt, adjusted its aircraft fleet and related costs and reached agreements with key stakeholders, creditors and vendors. SAS has also successfully concluded a competitive exit financing solicitation process, selecting Castlelake, Air France-KLM and Lind Invest, together with the Danish State, as the winning bidder consortium. The exit financing transaction included a total investment in reorganized SAS of USD 1.2 billion, comprising of USD 475 million in new unlisted equity and USD 725 million in secured convertible debt.

Nearly all creditors voting in the respective restructuring proceedings in the US and Sweden supported the restructuring plans. The restructuring proceedings in both the US and in Sweden have now been successfully completed and distributions to creditors entitled to receive any cash, equity or contingent value notes (as further described in SAS’ previous press releases) are expected to take place during the coming month.

SAS emerges as a financially robust company with a strengthened capital structure and with substantial liquidity. The company has also made significant progress with operational improvements and in building a competitive business:

A continued positive development for passenger demand with 18 million passengers traveling with SAS so far in fiscal year 2024 (Nov 2023 – July 2024), a 6.5 percent increase from the same period in fiscal year 2023.

The SAS EuroBonus program now has almost 8 million members and continues to be the leading loyalty program in Scandinavia.

SAS recorded its highest-ever monthly profitability in July 2024, demonstrating steady progress in achieving the targeted annual cost reduction of approximately SEK 7.5 billion in the SAS FORWARD plan.

Anko van der Werff, President & Chief Executive Officer of SAS, comments:  “This is a historic day that marks the start of an exciting future for SAS’ customers, partners and colleagues. We have successfully completed our restructuring proceedings and we are now entering a new era. It has been a complex process and I’m thankful for the constructive collaboration with creditors and partners, for the valuable support from the Board, as well as impressive efforts, energy and enthusiasm throughout our organization. Efforts that made it possible to save and restart one of the finest companies in Scandinavia. Now, we must look ahead and complete the transformation that we have started, continue our commitment to achieving net-zero emissions by 2050, and take advantage of the opportunities in a growing market. We have an excellent team, we are shortly joining the SkyTeam alliance family, and we have every opportunity to remain a leader in our industry for generations to come.”

Jet2 and Jet2CityBreaks launch first ever Christmas Markets programme from Bournemouth Airport for Winter 25/26

Jet2 and Jet2CityBreaks have launched their first-ever Christmas Markets programme from Bournemouth Airport, with customers and independent travel agents now able to book festive flights and trips for Winter 25/26 to Prague and Vienna for the very first time.

In response to strong demand for Christmas Market getaways, the leading leisure airline and UK’s leading operator of European city breaks have put a brand-new mini-series of flights and trips on sale to these two festive favourites from new UK airport base – Bournemouth Airport.

Sprinkling plenty of festive cheer into their Winter 25/26 programme, Jet2 and Jet2CityBreaks will operate dedicated services from Bournemouth Airport to these magical Christmas destinations between November and December 2025.

The release of the programme today gives local holidaymakers the chance to book ahead and give themselves a real treat, by visiting some of the most dazzling of Christmas Market destinations in Europe.

Jet2 and Jet2CityBreaks’ programme of Christmas Market flights and trips have continued to enjoy enormous success from other UK airports over the years and given the reaction to the arrival of the companies at their newest base, the launch of this new Christmas Markets programme from Bournemouth Airport is expected to be a huge hit.

Air France-KLM buys 19.9% of SAS

The Air France-KLM Group completes the acquisition of a non-controlling stake in the share capital of SAS AB. Extensive commercial cooperation to begin September 1, 2024

The Air France-KLM Group announced this week that it has successfully completed the acquisition of a 19.9% non-controlling stake in the share capital of SAS AB. This operation follows the receipt of regulatory approvals in Europe and the United States.

In parallel to the financial transaction and as previously announced, Air France-KLM and SAS have signed far-reaching interline and codeshare agreements to connect their hubs and networks. These agreements, which cover reciprocal loyalty program benefits, will enter into force as early as September 1, 2024. On the same day, SAS will join the Skyteam alliance, of which Air France and KLM are founding members.

Benjamin Smith, The Air France-KLM Group CEO said: “We are pleased to have completed this strategic transaction. SAS will enhance the Group’s footprint in the Scandinavian markets. SAS, Air France and KLM customers will now have a larger number of destinations via codeshares. Skyteam will immediately gain a new strategic member.”

This transaction was concluded by the Air France-KLM Group as part of a consortium of investors which also includes Castlelake L.P. on behalf of certain funds or affiliates, Lind Invest ApS, and the Danish State.

The members of the Consortium now effectively hold an aggregate 86.4% stake in the share capital of the reorganized SAS AB (exclusive of the recovery by the Danish State in its capacity as a creditor of SAS and pursuant to SAS’s restructuring plans), having invested $1.2 billion USD in the company, by subscribing for $475.0 million USD of common shares and by purchasing $725.0 million USD of senior secured convertible notes.

The Air France-KLM Group itself invested a total of $144.5 million USD in SAS AB, by subscribing for $109.5 million USD of common shares and by purchasing $35.0 million USD of senior secured convertible notes.

Omni Air International partners with New England Patriots

Omni Air International, a wholly owned subsidiary of Air Transport Services Group, Inc. announced a long-term agreement with the New England Patriots professional football team under which Omni will operate the Patriots’ two Boeing 767-300 passenger aircraft for team travel and other charter flights including humanitarian and goodwill flights on behalf of the Kraft family, and as available for Omni's other charter customers.

"This agreement brings together industry-leading organizations that value their people, patriotism, professionalism, and a culture of success," said David Ray, president of Omni. "We are proud to include the Patriots’ aircraft in support of our clientele."

Both aircraft reflect the Patriots team colours of red, white and blue, while the team’s six Super Bowl championship Lombardi Trophies are proudly displayed on their tails.

"The uniqueness of the aircraft is attractive across our diverse customer base," said Trisha Frank, vice president of government and commercial business at Omni. "Particularly unique is the cabin layout of aircraft N36NE, which offers 80 business class seats among its total complement of 203."

In addition to providing custom chartered solutions for sports teams, Omni has supported film crews, music tours, corporate and leisure travel, emergency evacuations, and government and military transport throughout the world on short notice.

Omni Air International is an FAR Part 121 and IOSA registered airline headquartered at Tulsa International Airport in Tulsa, Oklahoma. Omni specializes in ACMI leasing and worldwide passenger charter flights to more than 80 countries a year, principally for U.S. and allied governments, scheduled airlines, and charter customers, using its exceptional fleet of Boeing 777-200ER, 767-300ER, and 767-200ER aircraft.

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Aviation Capital Group delivers a Boeing 737-9 MAX to United Airlines

Aviation Capital Group, a premier global full-service aircraft asset manager, announced the delivery of one Boeing 737- MAX 9 aircraft to United Airlines. Featuring CFM International LEAP-1B engines, this is the first aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and United Airlines.

“It is with great enthusiasm that we commemorate the delivery of United Airlines’ latest Boeing 737-9 MAX with Aviation Capital Group. This milestone marks a significant achievement in our successful partnership with United Airlines. Our collaboration continues to strengthen, driven by shared values and a mutual commitment to customer satisfaction. The Boeing 737-9 MAX is a testament to our dedication to advancing a greener, more sustainable future in aviation,” said Carter White, Executive Vice President and Chief Commercial Officer of ACG. “We eagerly anticipate the future as we continue our journey with United Airlines, setting new industry benchmarks for service excellence and environmental stewardship. With our shared values and commitment to innovation, we are confident that we will achieve even greater milestones in the years to come.”

“We are excited to take delivery of this 737-9 MAX, an important addition to our fleet.  Our partnership with the team at Aviation Capital Group has been instrumental in supporting our fleet strategy, particularly as we invest in more fuel efficient, customer-friendly aircraft,” said Pamela Hendry, Vice President and Treasurer of United Airlines.

ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers’ fleet management needs.

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New Air India service linking Bangalore with London Gatwick.

Passengers across London and the South East can now access a new Indian destination this summer from London Gatwick, with the launch of Air India's direct service to Bengaluru/Bangalore. 

This new route, which will operate five times weekly from the South Terminal, is London Gatwick’s fifth non-stop connection to India, joining existing services to Goa, Kochi, Ahmedabad, and Amritsar. 

These Air India flights, alongside TUI’s service to Goa, means there are now 19 flights per week between London Gatwick and India.  

London Gatwick is actively working to double connectivity with India over the next five years, recognising the strong economic and cultural links between the countries. Key priority destinations for future growth include Delhi and Mumbai. 

Stephanie Wear, VP Aviation Development, London Gatwick said: “This new service to Bengaluru is excellent news for both passengers and businesses across London and the South East. This city’s dynamic tech industry and cultural significance makes it a fantastic addition to our route network.  It’s set to be a popular service, providing fantastic opportunities for both tourism and trade.” 

London Gatwick is investing in its long-term future, and its planning application to bring the airport’s existing Northern Runway into routine use is nearing the end of the Planning Inspectorate’s examination phase. This low-impact plan will improve resilience, reduce delays, and provide a significant boost to the national and regional economy by supporting trade, tourism, and new jobs.     

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Strong air cargo demand grows in July

The International Air Transport Association (IATA) released data for July 2024 global air cargo markets showing continuing strong annual growth in demand.

•    Total demand, measured in cargo tonne-kilometers (CTKs*), rose by 13.6% compared to July 2023 levels (14.3% for international operations). This is the eighth consecutive month of double-digit year-on-year growth, with overall levels reaching heights not seen since the record peaks of 2021.

•    Capacity, measured in available cargo tonne-kilometers (ACTKs), increased by 8.3% compared to July 2023 (10.1% for international operations). This was largely related to the growth in international belly capacity, which rose 12.8% on the strength of passenger markets and balancing the 6.9% growth of international freighter capacity. It should be noted that the increase in belly capacity is the lowest in 40 months whereas the growth in freighter capacity is the highest since an exceptional jump was recorded in January 2024.

"Air cargo demand hit record highs year-to-date in July with strong growth across all regions. The air cargo business continues to benefit from growth in global trade, booming e-commerce and capacity constraints on maritime shipping. With the peak season still to come, it is shaping to be a very strong year for air cargo. And airlines have proven adept at navigating political and economic uncertainties to flexibly meet emerging demand trends,” said Willie Walsh, IATA’s Director General.

Several factors in the operating environment should be noted:

•    In July, the Purchasing Managers Index (PMIs) for global manufacturing output indicated expansion at 50.2. Meanwhile, the global new export orders PMI continued to hover below the 50-mark at 49.4, a marker for contraction.

•    Industrial production stayed level in July month-on-month and global cross-border trade increased 0.7%.

•    Inflation remained relatively stable in July in the US, Japan, and the EU, with inflation rates of 2.9%, 2.8%, and 2.8%, respectively. Meanwhile, China’s inflation rate increased 0.3 percentage points to 0.6%, the highest level in five months. 

July Regional Performance