IATA annual general meeting to visit US for 6th time; JetBlue chosen as host
The first half of 2021 -- during which the 77th IATA AGM would be held -- would still be difficult for the global aviation industry
The 77th Annual General Meeting and World Air Transport Summit of the International Air Transport Association (IATA) would be hosted by JetBlue Airways in Boston, Massachusetts in the US from 27 to 29 June 2021, the elite aviation body announced.
This would be the sixth time that the showpiece event would be organised in the US and the first time in Boston. It would bring together aviation leaders from across the world. The 76th IATA AGM was held virtually with KLM Royal Dutch Airlines as the host airline. At this meeting, Boston was chosen as the venue of the IATA AGM in 2021.
“Boston is an exciting choice for the 77th IATA AGM. With its rich history, attractive setting and prestigious universities, it is a popular global tourism destination. As the world reopens, Boston will be a bellwether city to observe the shape of the recovery,” said Alexandre de Juniac, IATA’s Director General and CEO.
Robin Hayes, Chief Executive Officer of JetBlue Airways and incoming Chairman of the IATA Board of Governors said, "JetBlue and our crewmembers look forward to welcoming the leaders of the world aviation community to Boston, one of our key focus cities."
The IATA last month published a revised outlook for the aviation industry for 2020 and 2021. It expects a net loss of $118.5 billion in 2020, up from its June forecast of $84.3 billion. A net loss of $38.7 billion is expected next year, which is deeper than the $15.8 billion predicted in June.
The first half of 2021 -- during which the 77th IATA AGM would be held -- would still be difficult for the global aviation industry, but things would turn for the better in the second half of 2021.
The IATA predicted that aggressive cost-cutting would be combined with increased demand in 2021 as borders reopen with testing and/or widespread availability of the Covid-19 vaccine, which would mean that international air travel would become easier. It would lead to the industry turning cash-positive in the fourth quarter of 2021, which is earlier than previously expected, the IATA said.