ICFT: Setting Diverse Savings Targets for 2012

2012 02 29

IATA’s Industry Charges, Fuel & Taxation (ICFT) team will face challenging financial and qualitative targets in 2012.

IATA achieved US$5.9 billion in savings on airport and ATC charges, fuel fees, and taxation in 2011. In 2012, as well as continuing to meet financial savings goals, IATA will be challenged with qualitative targets.

IATA’s efforts to ensure that airport and air-navigation service charges and fuel fees are transparent and cost-related saved the industry $6 billion last year. This figure exceeded the Board target of $3 billion. Nevertheless, airlines saw their charges bill rise by $5 billion.

This year, IATA will work toward a more diverse set of savings targets. As well as securing cuts to existing charges, taxes, and fees, we will need to ensure that proposed increases are reduced by at least 30%.

IATA will aim to persuade seven major service providers/states to commit to more favorable pricing agreements. We will also campaign to improve service shortfalls at seven major service providers/states in fuel supply, airport infrastructure, or ATC operations.

Given the uncertain economic outlook for 2012, airlines will continue to be challenged by rising charges, fees, and taxation. A particular threat currently comes from debt-laden European and North American governments looking to tax aviation. IATA will seek to educate governments on air transport’s invaluable role as a key driver of economic activity.

Finally, in the area of fuel, registration has opened for the next Aviation Fuel Forum, to be held in Chicago from 15 to 17 May 2012. The event is for IATA Strategic Partners and member airlines involved in fuel activities. For more details and sponsorship opportunities, please visit the Aviation Fuel Forum event page.

Source IATA

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