IATA
Americanacronym
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Venezuela’s 28 million people are now dependent on an aging fleet of about 20 commercial aircraft operated by a handful of local airlines little known outside the country, according to the International Air Transport Association, a global trade group known as IATA.
“What airlines want to make sure is that we don’t have incidents over an airspace where an airplane is attacked because it was mistaken for a military carrier,” said Peter Cerdá, vice president for the Americas at IATA.
From the 1990s through the mid-2010s, Venezuela was one of the highest-yielding aviation markets in the world, the IATA’s Cerdá said.
In the last couple of years, Venezuela averaged about 15,000 passengers flying in and out of the country weekly, according to IATA, mostly from Spain, Portugal, Panama and Colombia.
However, the net profit margin would remain at 3.9%.”Airlines have successfully built shock-absorbing resilience into their businesses that is delivering stable profitability,” IATA’s Director General Willie Walsh says.
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