Looking Ahead to Wings of Change Europe. Also: Sustainability Makes Business Sense for Air Cargo

Welcome back! This week we recap all of the updates you need to know about in the air cargo industry (there was a lot of news!), highlight topics of discussion at the upcoming Wings of Change Europe, and examine forward-travel bookings, demand and the economy at large. Let's get to it.

Sustainability Makes Business Sense for Air Cargo

Sustainability is a key issue for the entire aviation value chain, including air cargo.

It is important, of course, in its own right. But there is also good business sense in pursuing a green agenda. A panel on the issue at the World Cargo Symposium pointed out that sustainability is affecting buying behaviors. Shippers and freight forwarders—like passengers—want to know that the airline they select is doing its best to reduce carbon emissions.

“Addressing sustainability is about gaining a commercial edge as well as the right thing to do,” said Martin Drew, Etihad Cargo.

They also noted that decarbonization is a global issue and needs a global solution.

Learn more about the panel's ideas, expectations and conclusions.

More from the #IATAWCS:

• IATA and ITC Join Forces for Cross-Border Trade
• Dangerous Goods Transport Survey Highlights Challenges
• World Cargo Symposium: Full Recap via Airlines

Wings of Change Europe to Focus on Rebuilding a Competitive European Air Transport System

The?Wings of Change Europe?conference will focus on rebuilding a competitive European air transport system as the industry looks to its post-pandemic future.

Europe is recovering strongly but challenges remain. The industry’s resilience is being tested by the $50 billion in losses the region’s airlines experienced during COVID-19 (2020-2022) and a return to pre-pandemic demand that is not expected to occur until 2024.

Meanwhile, the operating environment is made more challenging with growing costs, a proliferation of regulatory initiatives and the drive towards net zero emissions.

Wings of Change Europe will take place in Istanbul, Türkiye, from 8 to 9 November 2022, kindly hosted by Pegasus Airlines.

Issues under discussion will include:

• European competitiveness and connectivity
• Environment and Sustainable Aviation Fuels
• Modernizing European Air Traffic Management
• Creating a regulatory framework to support sustainability and competitiveness
• Diversity and inclusion
• Accessibility
• Rebuilding tourism?

More information on?Wings of Change Europe.

Chart of the Week: Lights off, Heat down in Europe: What about Travel in the Winter?

The global economy is losing momentum mainly due to Russia’s invasion of Ukraine and the lockdowns in China. Projections for 2023 are becoming gloomier and concerns regarding global recession are rising.

The?#WeeklyChart?compares bookings made as of 20 June for each month in the third quarter, and as of 20 September for the months in the fourth quarter. While it can be seen as quite encouraging that bookings are holding up this well in the face of such economic challenges, these numbers also strongly suggest that the European market could remain one third below its 2019 level at the end of this year.

In this context, the premature calls to return to 2019 rules regarding the percentage of landing and take-off slots allocated to?airlines?that have to be utilized needs to be questioned.

Prior to the pandemic, airlines were required to use 80% of their allocated?slots.

If this to be reinstated, as opposed to a more prudent 70%, airlines would be encouraged to fly empty this winter.

Learn more about forward-travel bookings and demand.

News In Brief

? 2022 Safety Conference: Safely transforming to a more resilient tomorrow

? LATAM Airlines?first to achieve IATA's CEIV Lithium Batteries certification

? ICYMI: We're now on Instagram - come say hi!

Jet Fuel Price (as of 30 September)

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