Latest news with #transatlantic
Trade Arabia
2 days ago
- Business
- Trade Arabia
Air passenger demand up 8% in April
The global air passenger demand, measured in revenue passenger kilometers (RPK), was up 8% in April 2025, compared to April 2024, according to International Air Transport Association (IATA) data. Total capacity, measured in available seat kilometers (ASK), was up 6.5% year-on-year. The April load factor was 83.6% (+1.1 ppt compared to April 2024). Middle Eastern carriers saw an 11.2% year-on-year increase in demand. Capacity increased 6.6% year-on-year and the load factor was 83.1% (+3.4 ppt compared to April 2024). Globally, international demand rose 10.8% compared to April 2024. Capacity was up 8.5% year-on-year, and the load factor was 84.1% (+1.7 ppt compared to April 2024), the highest ever for April. Domestic demand increased 3.3% compared to April 2024 and capacity was up 3.1% year-on-year. The load factor was 82.7% (+0.1 ppt compared to April 2024). 'April was a positive month for travel. Growth strengthened, especially for international demand which saw record load factors for the month. The return of the transatlantic market to growth is particularly encouraging. But there are some signs of fragility of consumer and business confidence with continued weakness in the US domestic market and a sharp fall in North American premium class travel,' said Willie Walsh, IATA's Director General. 'As we gather in New Delhi, India for the 81st IATA Annual General Meeting and World Air Transport Summit, it is notable that Indian domestic growth is running at over 10%. The development of India's air connectivity in recent years has been nothing short of phenomenal, making this year's gathering a timely and powerful reminder for all on how aviation connectivity drives growth and development,' said Walsh. Regional breakdown - international passenger markets International RPK growth accelerated to 10.8% in April year-on-year, with growth in all regions and load factors increasing everywhere except a slight fall in Latin America. Africa resumed growth after two months of declines, and North American international RPK grew (+5.4%), but suffered a 26% fall in First and Business class travel. Asia-Pacific airlines achieved a 14.4% year-on-year increase in demand. Capacity increased 12.7% year-on-year and the load factor was 85.3% (+1.3 ppt compared to April 2024). European carriers had a 9.4% year-on-year increase in demand. Capacity increased 7.7% year-on-year, and the load factor was 84.5% (+1.3 ppt compared to April 2024). North American carriers saw a 5.4% year-on-year increase in demand. Capacity increased 2.6% year-on-year, and the load factor was 83.4% (+2.2 ppt compared to April 2024). Latin American airlines saw a 13.9% year-on-year increase in demand. Capacity climbed 14.6% year-on-year. The load factor was 83.2% (-0.6 ppt compared to April 2024). African airlines saw a 13.6% year-on-year increase in demand. Capacity was up 8.9% year-on-year. The load factor was 76.3% (+3.1 ppt compared to April 2024). Domestic passenger markets
Reuters
4 days ago
- Business
- Reuters
Europe is in crisis, Polish nationalist presidential candidate tells conservative conference
WARSAW, May 27 (Reuters) - Europe is in crisis and needs Poland to "wake it up," Polish nationalist presidential candidate Karol Nawrocki said on Tuesday, speaking to the Conservative Political Action Conference in Poland. The most prominent U.S. conservative gathering, founded on the ideals of personal liberty and limited government, convened in the eastern city of Rzeszow. It was meeting in Europe for only the second time after a gathering in Hungary in 2022. Nawrocki was speaking at the CPAC as part of his campaign ahead of the presidential election's second round on Sunday, with polls showing him just behind liberal candidate Rafal Trzaskowski. Nawrocki, a candidate supported by the main opposition party, Law and Justice (PiS), wants Poland to follow a path inspired by U.S. President Donald Trump and regards Washington as a key ally, rather than Brussels. "Europe today is in a great crisis," Nawrocki told the conservative gathering, standing in front of a screen with the Polish and U.S. national flags. He added that Europe needs the voice of conservatives to rouse it from its current state of being sidelined in economic geopolitics and its own security. Nawrocki highlighted his recent visit to the White House, emphasising the importance of strong transatlantic ties. "I will ensure that Poland becomes the leader of the European Union in transatlantic relations," he said. He also spoke against the hate speech act, a law that would expand Poland's hate crime laws to include sexual orientation, gender, age and disability as protected categories. "We cannot allow our freedom of speech to be taken away," Nawrocki said.
Yahoo
4 days ago
- Politics
- Yahoo
Coalition urges German foreign minister to persuade US to keep supporting Ukraine
Politicians from Germany's ruling CDU/CSU and SPD parties are calling on Foreign Minister Johann Wadephul to advocate for greater support for Ukraine during his upcoming visit to Washington. Source: European Pravda, citing ntv, a German news channel Details: Roderich Kiesewetter, the CDU foreign policy spokesman, said that Johann Wadephul would signal to the US that Europeans want and will take on more responsibility for security, adding that this comes with the expectation that the US will remain committed to its transatlantic orientation by supporting Ukraine. Adis Ahmetovic, foreign policy spokesman for the SPD parliamentary group, emphasised that the US must abandon its supposed role as a neutral mediator between Ukraine and Putin and that Europe and the US must make it clear that Ukraine has a future in the Euro-Atlantic security structure. He believes that Wadephul's inaugural visit to his American counterpart Marco Rubio should primarily focus on keeping the US on board in supporting Ukraine and strengthening sanctions against Russia. Background: As reported earlier, German Foreign Minister Johann Wadephul believes that the latest large-scale Russian airstrikes on Ukraine are also an insult to US President Donald Trump. Trump, while condemning the recent Russian attacks on Ukraine on Sunday, said he was considering introducing additional sanctions against Russia. He also stated that Vladimir Putin had "absolutely gone crazy" by bombing Ukrainian cities "in the middle of negotiations". Support Ukrainska Pravda on Patreon!
Yahoo
4 days ago
- Business
- Yahoo
The EU signals willingness to fast-track trade talks with the US before a 50% tariff returns in July
The EU said it would "fast-track" trade talks with the US to avoid a transatlantic trade war. Trump criticized the EU for slow negotiations and threatened a 50% tariff on EU goods. The tariff deadline for the EU has been postponed after Trump's call with Ursula von der Leyen. The European Union said Monday that it is accelerating trade negotiations with the US in a bid to avert a costly transatlantic trade war. "They agreed both to fast-track the trade negotiations and to stay in close contact," Paula Pinho, a spokeswoman for the European Commission, said during a press conference a day after EU Commission President Ursula von der Leyen spoke with President Donald Trump over the phone. "We are talking about, of course, the world's single largest and closest trading relations, so these negotiations are complex," Pinho added. "With this call, there's now a new impetus for the negotiations." The comments from the EU came days after Trump criticized the bloc for dragging its feet and taking advantage of the US. Earlier last week, the US rejected a trade proposal sent by the EU Commission. In a Friday social media post, Trump warned he would slap a 50% tariff on EU goods. He said the 27-nation bloc has been "very difficult to deal with" and that trade negotiations were "going nowhere." The tariffs were originally set to take effect on June 1. In response, the EU has also approved tariffs on $23.9 billion of US goods, including soybeans, poultry, motorcycles, and other farm products. After Sunday's call, Trump said he would delay the planned tariff hike on European goods by over a month, with July 9 as the new deadline. "It was my privilege to do so," Trump said of the tariff delay on Truth Social on Sunday evening. More conversations seem to be taking place on the sidelines to de-escalate trade tensions. On Monday, Maros Sefcovic, the EU's chief trade negotiator, said on X that he had "good calls" with the secretary of commerce, Howard Lutnick, and ambassador Jamieson Greer. Sefcovic added that the EU was "fully committed" to reaching a trade deal by the July 9 deadline. The White House did not immediately respond to a request for comments. Read the original article on Business Insider
Bloomberg
4 days ago
- Business
- Bloomberg
Gold Holds Decline as EU-US Trade Talks Weigh on Haven Demand
Gold held a small decline as demand for haven assets cooled, with investors weighing prospects for improving trade relations between the US and the EU. Bullion traded near $3,347 an ounce, following a 0.4% loss on Monday, after Brussels said it would accelerate negotiations with Washington to avoid a trans-Atlantic trade war. Both sides have softened their approach after US President Donald Trump initially criticized the bloc for dragging its feet on talks.
