IATA: De­mand for air travel con­tin­ues to grow

TravTalk - India - - Associations -

The In­ter­na­tional Air Trans­port As­so­ci­a­tion (IATA) an­nounced global traf­fic re­sults for April show­ing that the to­tal pas­sen­ger de­mand rose 6.1% while freight de­mand was 4.2% down on April 2011. De­spite con­tin­u­ing eco­nomic weak­ness in some parts of the world, de­mand for air travel con­tin- ues to grow. The 6.1% over­all growth recorded for April is above the 20-year trend. Strong de­mand for air travel with lim­ited ca­pac­ity ex­pan­sion pushed load fac­tors to 79.3% which is a record high for an April load fac­tor.

The 4.2% con­trac­tion in air freight mar­kets com­pared to April 2011 is some­what mis­lead­ing. Air freight mar­kets slumped sharply in the first half of 2011 and bot­tomed out to­wards the end of the year. Var­i­ous dis­tor­tions and month-to-month volatil­ity have marked the in­dus­try per­for­mance since the be­gin­ning of 2012. How­ever, April cargo lev­els stood at about 2% higher than in Novem­ber 2011. About 80% of this im­prove­ment has been cap­tured by Mid­dle Eastern air­lines. Air freight for the Asia-Pa­cific, Euro­pean and North Amer­i­can car­ri­ers has con­tin­ued to show weak­ness.

“It is a volatile and risky world. Air­lines are be­ing cau­tious manag­ing

through the un­cer­tainty.

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