Aviation
Maintaining altitude
Leaders of the global aviation industry swooped into Sydney this week for the 74th International Air Transport Association’s annual general meeting, which concluded today. The trade association’s 290 member airlines – which make up 82 per cent of total air traffic, are worth $2.7trn (€2.3trn) and support 63 million jobs – discussed challenges and opportunities in the sector. Despite more immediate problems such as reduced forecasted profits this year due to rising and labour costs, it seems that wider concerns were less economic than political. The shadow of a potential trade war sparked by recent US tariffs has rattled the industry, which flies a third of the value of goods traded globally. Conversations over aviation’s future evolution were more buoyant, however, surrounding more cheery topics of the numerous opportunities created by new technology, from artificial intelligence to self-service options in passenger journeys.