IATA - VibeWire Magazine

$1.7 Billion & Counting: What Countries Have Blocked The Most Airline Funds In 2024?

While some of the worst offenders have reduced funds held, nine countries still represent 83% of blocked funds.

IATA noted that aircraft deliveries have fell by 30% compared to their peak in 2018.

IATA has called for a practical approach when it comes to regulation of Europe’s aviation sector.

Both associations still agreed that reforms in Europe were a must to ensure the continent’s competitiveness.

The airline industry has not achieved this milestone so far.

IATA is campaigning for governments to do more to unlock blocked airline funds.

Airports in the US (and Canada) sometimes have seemingly strange IATA codes, although each has its own idiosyncratic explanation.

Spain’s Consumer Rights Ministry has slapped five budget airlines with $187 million in fines, and IATA and its Director General are very unhappy.

Four airports in the US are Level 2.

Up by over 7% globally compared to last year, driven by a 9.2% increase in international demand.