IATA's Director General and CEO said he is “deeply concerned” by skepticism regarding the value of globalization and the ongoing threat of trade wars.
During the State Of The Industry address at IATA’s Global Media Day in Geneva, Alexandre de Juniac said: “In the last few years, the value of globalization has been questioned. This is deeply concerning.”
“To be sure, we must aim for a more inclusive globalization, but that will not be achieved with protectionist policies or trade wars.
“Prosperity will come with borders that are open to people and to trade. That’s a pre-requisite for aviation to deliver its best to global economic and social development.”
De Juniac highlighted aviation’s “compelling story to tell”, pointing out that 12 million travelers and 180,000 tonnes of cargo are transported daily in the industry, while three million jobs, and a third of global trade are supported by air transport.
According to IATA figures, approximately 1% of global GDP ($900 billion) will be spent on air travel in 2019.
De Juniac said this is “money well spent”, referencing an IATA poll of business and leisure travelers that showed nearly 80% recognized the cost of air travel as value for money. The cost of travel has fallen by around 60% over the last two decades.
Commenting on sustainability, the IATA CEO said it is critical for any industry’s future, and aviation is no different. He said that managing the industry’s impact on climate change is its “license to grow.”
Discussing the implementation of Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which comes into effect on January 1, and will see all airlines operating international flights will be required to monitor and report fuel consumption and emissions, de Juniac said governments must ensure its application fully.
“Governments, must support CORSIA by implementing it as agreed-with no exceptions,” he said. “The European ‘go-it-alone’ approach compromises the future.”
The wide-ranging address saw de Juniac announce IATA’s new visual identity, and comment on the issues surrounding Brexit, the need for more and improved infrastructure, and challenges regarding air traffic management across the globe.
- To take a look at IATA’s new visual identity, visit www.iata.org