Wed, Feb 02, 2005
Air Traffic Recovery "Phenomenal" Worldwide
"The traffic recovery in
2004 was phenomenal across all regions," said Giovanni Bisignani,
the Director General of the International Air Transport Association
(IATA). Bisignani reported that 2004 full year international
scheduled passenger traffic increased 15.3% and cargo traffic 13.4%
over 2003 levels at a meeting of the Civil Air Navigation Services
Organization (CANSO) in Maastrict.
All regions reported double-digit year-on-year growth with the
Middle East and Asia Pacific leading the way at 24.8% and 20.5%
growth for passenger traffic. Freight also saw double digit growth
in all regions with the Middle East carriers reporting the highest
growth at 26.8%.
The one-off recovery from SARS contributed an estimated 5% of
the global passenger traffic growth. Going forward IATA forecasts
average annual growth of 6.0% for the period to 2008, in line with
the historical trend.
"The challenge for 2005 is to turn traffic growth into
profitability with improved cost efficiency across the industry's
value chain," said Bisignani.
The industry ended 2004 with an estimated loss of US$4.8
billion. IATA forecasts an industry profit of US$1.2 billion for
2005*. The price of fuel remains a critical factor for airline
profitability.
"Airlines enter 2005 with a renewed determination to increase
efficiency and reduce industry costs," said Bisignani. "We ask the
same of our partners, many of whom are monopolies. The bill for air
navigation services has increased by 9.4% since 1999 to a total of
US$8 billion. Over the same period airline yields declined by over
10%. The level of cost efficiency among air navigation service
providers (ANSPs) is simply not good enough."
"Our customers demand that we evolve to a low cost industry with
simplified business processes. Our partners, including ANSPs and
airports must be a part of that evolution. As customers paying an
enormous bill, we demand better value, increased transparency and
meaningful consultation on future developments. ANSPs must
harmonize infrastructure and operations across borders. And we must
agree on the adoption of new technology based on real value and
business benefits," said Bisignani.
More News
From 2023 (YouTube Version): Legacy of a Titan Robert (Bob) Anderson Hoover was a fighter pilot, test pilot, flight instructor, and air show superstar. More so, Bob Hoover was an i>[...]
Get The Latest in Aviation News NOW on Instagram Are you on Instagram yet? It's been around for a few years, quietly picking up traction mostly thanks to everybody's new obsession >[...]
Aero Linx: B-52H Stratofortress The B-52H Stratofortress is a long-range, heavy bomber that can perform a variety of missions. The bomber is capable of flying at high subsonic spee>[...]
Altimeter Setting The barometric pressure reading used to adjust a pressure altimeter for variations in existing atmospheric pressure or to the standard altimeter setting (29.92).>[...]
"Knowing that we play an active part in bettering people's lives is extremely rewarding. My team and I are very thankful for the opportunity to be here and to help in any way we ca>[...]