Global Airfare Pricing Standardized Under IATA Exchange Rates

Global Airfare Pricing Standardized Under IATA Exchange Rates

The IATA Rate of Exchange (IROE) is a crucial tool for airlines in constructing international airfares. It provides a monthly updated industry-standard exchange rate, used to build local currency fares based on the Neutral Unit of Construction (NUC). This minimizes losses from currency fluctuations, enhances fare calculation efficiency, and reduces settlement disputes. It's suitable for technical personnel and managers. Available in TXT or CSV formats, and offers member discounts. It is essential for accurate and efficient international ticket pricing and currency conversion within the airline industry.

01/05/2026 Exchange Rate Query
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IATA Names Sheldon Hee Asiapacific VP to Boost Regional Growth

IATA Names Sheldon Hee Asiapacific VP to Boost Regional Growth

The International Air Transport Association (IATA) has appointed Sheldon Hee as Regional Vice President for Asia-Pacific, effective June 1, 2025. The Asia-Pacific region is a key growth engine for the global aviation industry, projected to have the fastest passenger demand growth over the next 20 years. Sheldon Hee brings over 25 years of aviation experience, including executive roles at Singapore Airlines. IATA will focus on safety, efficiency, and sustainability, collaborating with stakeholders to promote the development of the Asia-Pacific aviation industry.

05/30/2025 Airlines
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Air Freight Prices Fluctuate on Mondays and Fridays

Air Freight Prices Fluctuate on Mondays and Fridays

Price differences in international air freight between Mondays and Fridays stem from a combination of supply and demand, costs, and market strategies. High demand and operational costs on Fridays lead to increased prices due to airlines' dynamic pricing. While Mondays offer lower prices, they pose risks regarding timeliness and customs clearance. Shippers should flexibly choose shipping times, such as Tuesdays to Thursdays for small to medium-sized cargo, securing Monday morning flights for large shipments, and avoiding Friday afternoons for urgent goods to optimize costs and efficiency.

12/30/2025 Logistics Industry Insights
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Willie Walsh Navigates Aviation Challenges As IATA Director General

Willie Walsh Navigates Aviation Challenges As IATA Director General

Willie Walsh, the current Director General of the International Air Transport Association (IATA), is a veteran with over 40 years of experience in the aviation industry. He has successfully led Aer Lingus, British Airways, and International Airlines Group through crises and transformations. Known for his pragmatic and decisive leadership style, coupled with a deep understanding of the aviation sector, Walsh is committed to promoting the safety, efficiency, and sustainable development of the industry at a time when the global aviation industry faces numerous challenges.

12/30/2025 Airlines
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Aviation Industry Pushes for Standardized Ground Handling to Boost Safety

Aviation Industry Pushes for Standardized Ground Handling to Boost Safety

This webinar focuses on standardized training for ground handling operations, exploring its significance for airlines and ground service providers. It emphasizes the importance of aligning with IATA's AHM Chapter 11 and looks forward to the future benefits of training passports, providing avenues for accessing the latest information. The webinar highlights that standardized training is crucial for enhancing operational efficiency and safety within the aviation industry. It underscores the need for consistent practices and knowledge across all ground handling personnel to minimize risks and improve overall performance.

12/30/2025 Logistics Industry Insights
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Aviation Industry Adapts to Drone Era for Safety and Efficiency

Aviation Industry Adapts to Drone Era for Safety and Efficiency

The rapid development of drone technology presents both opportunities and challenges for the aviation industry. Facing increasing urban air mobility demands and the risks of illegal drone use, IATA actively promotes industry standard development and collaborates with stakeholders to build a safe and efficient future airspace. Airlines are also actively transforming, embracing new technologies, and expanding into new businesses to collectively address the evolving landscape of the aviation industry. This collaborative effort is crucial for ensuring the safe and responsible integration of drones into the airspace.

01/08/2026 Logistics Industry Insights
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IATA Launches OPS Portal to Improve Aviation Ground Safety

IATA Launches OPS Portal to Improve Aviation Ground Safety

The IATA Operations Portal (OPS Portal) is an online platform designed for airlines and ground service providers. It centralizes access to industry standards and facilitates information exchange, aiming to enhance standardization and safety in aviation ground operations. The portal offers features such as standards lookup, compliance assessment, and information sharing. It helps improve efficiency, reduce costs, and supports the continuous development of industry standards. By providing a single point of access to critical information, the OPS Portal streamlines operations and promotes best practices within the aviation industry.

01/08/2026 Logistics Industry Insights
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China Southern Expands UK Cargo Routes with Glasgow Service

China Southern Expands UK Cargo Routes with Glasgow Service

China Southern Cargo has launched a new cargo route from Guangzhou to Glasgow Prestwick Airport, initially operating four times a week with plans to increase to daily flights. This initiative aims to enhance the airport's cargo capacity and boost trade between China and the UK, particularly for Scottish seafood and whisky exports to China. The airport has invested in upgraded equipment and is in discussions with other airlines for potential collaborations, with the ambition of becoming a key air bridge connecting China and Scotland.

01/08/2026 Logistics
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Boeing Predicts Global Air Cargo Traffic to Double by 2043 Amid Asian Growth

Boeing Predicts Global Air Cargo Traffic to Double by 2043 Amid Asian Growth

Boeing forecasts that global air cargo traffic will double by 2043, with an average annual growth of 4%, driven primarily by the Asian market. The report highlights e-commerce, supply chain reshaping, and emerging market demand as key growth factors. Airlines should focus on the Asian market, optimize operations, and address challenges to capitalize on the opportunities. The projected increase underscores the importance of strategic planning and investment in infrastructure to meet the evolving needs of the air cargo industry in the coming decades.

01/07/2026 Logistics Industry Insights
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Global Airport Slot Challenges Persist Amid Pandemic Recovery IATA

Global Airport Slot Challenges Persist Amid Pandemic Recovery IATA

Lara Maughan, Head of Worldwide Airport Slots at IATA, discusses the impact of airport slots on airline operations and the challenges of slot management during the pandemic. She emphasizes the importance of transparent and efficient slot allocation mechanisms for the recovery of the aviation industry. Balancing the need for airline flexibility with the optimal utilization of airport slot resources is highlighted as a key issue. The discussion underscores the complexities of managing airport capacity and ensuring fair access for airlines in a constantly evolving environment.

01/07/2026 Logistics Industry Insights
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