Preparing for Asia-Pacific’s Resurgence. Also: Geopolitical Tensions & Safety Updates

Welcome back! How is January almost over? This week we look at updates from the Asia-Pacific region, jet fuel price distortions, the IATA Safety Leadership Charter, GNSS spoofing & jamming, and more. Let's get to it.

Preparing for Asia-Pacific’s Resurgence

Globally, up to November 2023, aviation had reached approximately 99% of pre-pandemic traffic levels. Asia-Pacific—the last of the regions to embrace the recovery—achieved 93% of 2019 traffic levels thanks to the reopening of major markets in China, Japan, and Korea.

“In the context of the previous three years it was a positive 12 months for the region,” says Philip Goh, IATA’s RVP for Asia-Pacific. “But international traffic was at 83% of the 2019 level in November 2023 so we continue to lag the other regions.

Learn more in Airlines. magazine about what's needed for a complete recovery and a return to sustainable growth.

Turkish Cargo: Navigating a Decade with Data for Air Cargo Excellence

For a decade, Turkish Cargo has harnessed IATA CargoIS data to craft strategic roadmaps, optimizing their business and brand to emerge as a key player in the air cargo market.

Utilizing air cargo market intelligence, they've fueled substantial growth.

In the above video, the Turkish Cargo team details their data-driven planning and the strategies employed to secure a competitive advantage.

Learn more about IATA CargoIS.

News in Brief

✈ RwandAir Latest Airline in Africa to Sign IATA Safety Leadership Charter

✈ EASA Partners with IATA to Counter Safety Threat from GNSS Spoofing & Jamming

✈ Towards Smarter Regulation of International Catering Waste (Category 1) in Aviation

✈ Unlocking Brazil's Tourism Potential with Data-Driven Strategies 

Chart of the Week: Geopolitical Tensions Disrupt Airline Competitive Landscape

Recent geopolitical disruptions have impacted jet fuel prices disproportionately.

Prior to Russia's invasion of Ukraine, Europe and Commonwealth of Independent States (CIS) jet fuel prices moved closely in line with the global average.

In the wake of the Russian invasion of Ukraine in February 2022, global oil supply was disrupted, and jet fuel prices rose dramatically. The impact on the European jet fuel market was greater than elsewhere.

Slim signs of normalization vanished when the Israel-Gaza conflict erupted in October 2023, and the subsequent shipping crisis in the Red Sea made matters worse.

Prices paid in Europe and in the Commonwealth of Independent States (CIS) have exceeded the global average by between 3% to 6%, the latter being recorded in December 2022.

This regional jet fuel price distortion impacts the competitive landscape for airline operations and can lead to regional variations in airline ticket-price inflation.

More on the #WeeklyChart, geopolitical tensions and the competitive landscape.

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