IATA Report Shows Strong Passenger Demand - Some Cargo Improvement | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 06.27.16

Airborne 06.28.16

Airborne 06.22.16

Airborne 06.23.16

Airborne 06.24.16

Airborne Hi-Def On YouTube

Airborne 06.27.16

Airborne 06.28.16

Airborne 06.22.16

Airborne 06.23.16

Airborne 06.24.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

Thu, May 31, 2012

IATA Report Shows Strong Passenger Demand - Some Cargo Improvement

Total Passenger Demand Up Over Six Percent In April

Despite continuing economic weakness in some parts of the world, demand for air travel continues to grow. The International Air Transport Association (IATA) announced global traffic results for April showing that total passenger demand rose 6.1% while freight demand was 4.2% down on April 2011. The 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’s a volatile and risky world. Airlines are being cautious managing through the uncertainty. Overall passenger demand was up 6.1% in April and capacity increases were held back to 3.8%. There are signs that cargo has bottomed out. Amid the many distortions that have marked the first four months of the year, it is possible to identify the start of a growth trend in cargo for some parts of the world. But economic uncertainty in Europe makes it very difficult to be optimistic in the near to medium-term,” said Tony Tyler, IATA’s Director General and CEO.

"The growth in passenger markets is encouraging. But it comes against an environment of continuing high oil prices and growing economic uncertainty. So translating the stronger demand into profits will be difficult,” said Tyler.

With the exception of Africa, all markets saw capacity expansion at levels below the expansion in demand. “In the face of economic uncertainty, many airline managements will be going back to first principles—careful capacity management, cost control and conserving cash. This will be the order of the day until some clarity comes to the global economic outlook. Of course the uncertainty impacts the whole value chain. We are all in this together. Airlines will be particularly looking to their industry partners to share the imperative on cost control,” said Tyler.
 
IATA will update its industry financial outlook on 11 June 2012 at the Association’s Annual General Meeting to be held in Beijing, China from 10-12 June 2012.

FMI: www.iata.org

Advertisement

More News

Airborne 06.27.16: Blue Angels Return, LI UAV Ban, NJ Jet Fuel Tax

Also: Gone West-Thomas Wathen, Boeing 747-8, FAR 107 Course, Teamster Pilots, C Series, Yuneec Typhoon H, Embraer We are happy to announce that the U.S. Navy Blue Angels will retur>[...]

Airborne 06.24.16: ADS-B Analysis, NavWorx Price Drop, ALPA v Transport Canada

Also: Porker Of The Month, Aviation BBB?, Super Puma, AirVenture Events, FedEx 767s, Solar Impulse, Sikorsky Flight Safety Foundation has released the study "Benefits Analysis of S>[...]

Airborne 06.27.16: Blue Angels Return, LI UAV Ban, NJ Jet Fuel Tax

Also: Gone West-Thomas Wathen, Boeing 747-8, FAR 107 Course, Teamster Pilots, C Series, Yuneec Typhoon H, Embraer We are happy to announce that the U.S. Navy Blue Angels will retur>[...]

United, AFA Reach Agreement For Flight Attendants

Brings All FAs Into A Single Work Group For Collective Bargaining An agreement on terms of a joint contract that would bring the airline’s more than 25,000 flight attendants >[...]

ANN's Daily Aero-Linx (06.28.16)

FAA Online N Number Registry Renewal This site is provided to allow the renewal of a currently reserved N-number.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC