IATA Reports $1.6 Billion In Blocked Funds With 25% Stuck In Pakistan

The leaders of the world’s airlines are gathering in Dubai this weekend for this year’s IATA Annual General Meeting and World Air Transport Summit. With passenger demand still growing, it’s likely to be a confident group of CEOs who spend a few days together, although today IATA released details about the $1.8 billion blocked funds, which is a significant concern for airlines.