IATA warns Trump trade war could hit airline demand

first_imgIATA boss Alexandre de Juniac Global airline lobby group IATA has warned that a US-led international trade war could hit worldwide demand for air travel.Fears of a trade war increased Thursday after US President Donald Trump pushed forward with plans to impose tariffs on steel and aluminum imports but said the administration would use the next 15 days to negotiate exemptions for allies, including Canada and Mexico.The 25 percent impost on steel and 10 percent tariff on aluminum is opposed by senior members of Trump’s own Republican Party and has provoked threats of retaliation from some trading partners.The move coincides with an International Air Transport Association report showing that airlines opened 2018 with the slowest year-over-year global passenger traffic growth for almost four years.IATA said the increase in demand in January of 4.6 percent compared to January 2017 was affected by a number of “temporary” factors such as the later timing of the Lunar New Year in mid-February.It said the later Lunar New Year holiday accounted for about 40 percent of the slowdown.“Despite the slower start, economic momentum is supporting rising passenger demand in 2018,’’ IATA director-general Alexandre de Juniac said.“That said, concerns over a possible trade war involving the US could have a serious dampening effect on global market confidence, spilling over into demand for air travel.”De Juniac said aviation was the “business of freedom” but for it to be able to grow it needed “borders that are open to trade and travel, and infrastructure to support the demand for connectivity”.IATA’s figures saw the global passenger load factor fall half a percentage point to 79.6 percent as demand failed to keep up with a 5.3 percent rise in capacity.READ: IATA wants biofuel flights to carry one billion by 2025. International passenger traffic growth slowed to 4.4 percent but all regions stayed in positive territory.A regional breakdown showed demand growth in the Asia-Pacific, where the Lunar New Year is particularly important, at a 46-month low of 4.6 percent.Europe was the only region to see an acceleration in traffic compared to the prior month with 6 percent growth while Latin American carriers enjoyed the strongest growth at 7.3 percent.At the other end of the scale, Middle East carriers registered the weakest traffic growth of 0.5 percent as the market to and from North America was particularly hard hit.North American carriers saw traffic rise 3.5 percent, while African airlines were up 4.9 percent.Growth was more robust on the domestic front, where passenger markets were up 5.1 percent in January but were again hit by the later Lunar New Year.last_img read more

Hollywood Writers Strike To Put Web Video On TV?

first_imgThe much hyped web drama “Quarterlife,” which is set to debut on MySpace on November 12, may be making the jump to television as a result of the Hollywood writers guild strike. According to a report from The Hollywood Reporter, the Marshall Herskovitz and Edward Zwick-backed web show is rumored to be in talks with NBC to be used as strike-contingency programming.Zwick and Herskovitz, the creative team behind the cult hit TV show “My So-Called Life” and the Oscar-nominated film “Blood Diamond,” make up one of the more high profile teams to try their hand at a web-only production. They would follow the successful run of Michael Eisner’s “Prom Queen” earlier this year.According to The Hollywood Reporter, “Quaterlife” could appear on NBC as early as February. The show, which was initially developed for ABC three years ago, will go on with its Monday MySpace debut as planned, a spokesperson for Zwick and Herskovitz told the paper. However, Herskovitz has gone on record as saying that their MySpace contract only covers the first four hours of the show and the team would like to explore other distribution channels.This would, of course, not be the first time NBC has looked to the web for talent for its television network. The network’s late-night staple Saturday Night Live famously hired Andy Samberg after viewing some of his popular web video shorts. Why Tech Companies Need Simpler Terms of Servic… Related Posts Top Reasons to Go With Managed WordPress Hosting A Web Developer’s New Best Friend is the AI Wai…center_img josh catone 1 Tags:#news#web 8 Best WordPress Hosting Solutions on the Marketlast_img read more

Pharrell Williams’ Paris look involves a dash of guy-liner

first_imgPharrell Williams, who is famous for his fashion-forward-ness, took it a notch higher recently. The singer was spotted sporting a not-so-generous dose of eye-liner-for-men – the guy-liner – when he stepped out with wife Helen Lasichanh in Paris recently.Williams had earlier set fashion circles abuzz with his park ranger hat. And now, the ‘Happy’ hitmaker seems to be beginning a trend which involves lined eyes for men. He had earlier sported liner-rimmed eyes at the 2013 Met Ball. However, that event was a punk themed one, and Pharrell’s look was quite in tune with it.Pharrell WilliamsThis time around, The Voice coach rocked a blue hat and track jackets, and carried a clutch purse with a train on it. His guy-lined eyes, however, took the cake. Are thick-rimmed eyes the next to-do thing for men, a la Pharrell Williams, then? We guess only time will be able to tell that!last_img read more