IATA says July air traffic up but warns of gloomy outlook
Thursday 01 September 2011
Air passenger traffic rose by 5.9 percent in July on a 12-month basis, but the cloudy economic outlook and high fuel prices could lead to weak growth in 2011, industry association IATA said on Thursday.
"This (July) increase was likely based on the much more optimistic economic outlook that marked the beginning of the year," Tony Tyler, the director general of the International Air Transport Association, said in an IATA press release.
"With business and consumer confidence now tanking, sluggishness in international trade, and high fuel prices, the expectation is for a weaker end of the year," he said.
Freight traffic, "which reflect economic sentiment more quickly than passenger markets" was down 0.4 percent in July compared to a year ago, IATA said.
"The earthquake and tsunami in Japan, coupled with the general economic gloom are ... the main driving factors of continued weakness," IATA said.
In terms of international passenger traffic, Latin American carriers achieved the strongest July growth, at 10.3 percent year-on-year, while European carriers increased traffic by 9.3 percent because of increased inward demand on currency factors, it said.
Japan continued to be strongly affected by the March earthquake and tsunami, with July domestic passenger traffic down 16.7 percent year-on-year, but lower than the 20.3 percent decline in June, IATA added.
The Independent travel offers: Discover a world of inspiring destinations
- 1 Green village to be bulldozed and mined for lignite in Germany's quest for non-nuclear fuel
- 2 HeForShe campaign: Iceland to follow up Emma Watson speech with UN women's rights conference – for men only
- 3 Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
- 4 Teenagers irritable because early school hours mess with their biological clocks
- 5 Now we know whose fault it is if you end up being murdered in Thailand
Isis, we are told, is a 'clear and dangerous threat to our way of life'. I’m sorry, but I just don’t buy it
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Should gay sex be illegal? 16% of Britons think so
Mark Reckless becomes second Tory MP to defect to Ukip in a month
- < Previous
- Next >
28,000 to 32,000 per annum: Accountancy Action: Our client, a hospitality busi...
18,000 to 20,000 per annum: Accountancy Action: Our fantastic leisure client i...
£20 - 24k: Guru Careers: A Marketing Analyst / Marketing Executive is needed t...
£18000 Per Annum: Clearwater People Solutions Ltd: ***EXCELLENT OPPORTUNITY FO...