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Carbon Emissions Per Passenger Decrease More Than 50% Since 1990

The International Air Transport Association (IATA) published information confirming that carbon emissions per passenger have declined by more than 50% since 1990. Much of the improvement has occurred because the industry has achieved an annual fuel efficiency improvement of 2.3% over the period since 2009, some 0.8 percentage points ahead of target.

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After Challenging Year, Improvement Expected for 2020

Economic performance in 2019 was weaker than had been anticipated at the time of the June forecast. This aligns with weaker global GDP growth of 2.5% (versus 2.7% forecast in June) and world trade growth of just 0.9% (down from 2.5% forecast in June). These negative developments contributed to softer passenger and cargo demand and corresponding weaker revenue growth, as passenger yields fell 3.0% and cargo yields dropped 5.0% compared to 2018.

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IATA Requests Global Suspension of Slot Rules Due to Coronavirus

Around 43% of all passengers depart from over 200 slot coordinated airports worldwide. At present, the rules for slot allocation mean that airlines must operate at least 80% of their allocated slots under normal circumstances. Failure to comply with this means the airline loses its right to the slot the next equivalent season. In exceptional circumstances, regulators can relax this requirement. The COVID-19 crisis has had a severe impact on air traffic.

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IATA Updated the Financial Impacts of COVID-19

IATA’s previous analysis (issued on 20 February 2020) put lost revenues at $29.3 billion based on a scenario that would see the impact of COVID-19 largely confined to markets associated with China. Since that time, the virus has spread to over 80 countries and forward bookings have been severely impacted on routes beyond China.

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