Airline

Demand Continues Recovery in June

28 July 2010 (Geneva) - The International Air Transport Association (IATA) announced international scheduled traffic statistics for June which showed continued strong demand growth as the industry recovers from the impact of the global financial crisis. Compared to June 2009, international passenger demand was up 11.9% while international scheduled freight traffic showed a 26.5% improvement.

Capacity increased only slightly above demand improvements during the month, keeping load factors in line with historical highs at 79.8% for passenger traffic and 53.8% for freight.

“The industry continues to recover faster than expected, but with sharp regional differences. Europe is recovering at half the speed of Asia with passenger growth of 7.8% compared to the 15.5% growth in Asia-Pacific,” said Giovanni Bisignani, IATA’s Director General and CEO.

Outside of Europe, all regions reported double-digit growth in passenger traffic. “The question is how long can the industry maintain the double-digit momentum. Business confidence remains high and there is no indication that the recovery will stall any time soon. But, with government stimulus packages tailing off and restocking largely completed, we do expect some slowing over the months ahead,” said Bisignani.

International Passenger Demand
•    After a dip in April due to the volcanic ash crisis centered in Europe, international passenger demand has returned to its upward growth trend. Passenger volumes are now 1-2% above the pre-recession peak in the first quarter of 2008.
•    Middle Eastern carriers continue to post the fastest growth—up 18.0% compared to June 2009.  This is based on a strong regional economy and the ability to attract long-haul traffic through the region’s hubs.
•    Asia-Pacific carriers recorded the most significant demand improvement at 15.5%. China continues to be the region’s growth engine.
•    North American carriers posted growth of 10.8%, comparable to the 10.9% recorded for May 2010. Strong growth and the industry-leading load factor of 86.6% are contributing to strong second quarter financial results being announced by the region’s carriers.
•    European carriers reported 7.8% growth, down slightly from the 8.3% recorded in May. While annualized growth of 6.2% is in line with the industry average, it is clear that the recovery in Europe is lagging behind the rest of the world.
•    Latin American carriers showed a 14.7% increase in passenger traffic compared to June 2009. This reflects a more normal growth rate than the 23.6% recorded in May when results were heavily skewed by the Influenza A(H1N1) crisis which centered on the region in May last year.
•    African carriers posted a 21.3% increase in traffic in June, positively impacted by activities surrounding the FIFA World Cup.

International Freight Demand
•    International freight demand grew 26.5% in June 2010, down from the 34.0% recorded in May 2010. May was exceptionally high as some interrupted traffic from April’s ash crisis shifted to May. Volumes remain 6% above the pre-recession peak in early 2008.
•    Freight demand continues to follow economic recovery and trade patterns with airlines in Asia-Pacific (+29.8%), Middle East (+39.6%), Latin America (+44.9%) and Africa (+54.0%) growing the fastest.
•    Carriers in North America (+24.2%) occupy the middle ground.
•    Europe (15.3%) is growing at half the rate of the fastest growing regions based on slower economic growth. This trend is particularly evident in Europe which is the only region still 5-6% below the pre-recession peak. The low value of the Euro will be a help to the region’s exporters and eventually drive up freight volumes.

“We remain cautiously optimistic. A clear indication of the growing confidence is the over 400 aircraft orders announced at the Farnborough Air Show. This is good news that will bring environmental benefits through improved fuel efficiency. But it will also make the challenge of matching capacity to demand much more difficult,” said Bisignani.

More Airline
Etihad Airways offers prayer room onboard A380 and 787 aircraft
Turkish Airlines launches flights to Samarkand, Aqaba and Sierra Leone
Turkish Airlines launches new commercial starring heart surgeon Dr. Oz at the Super Bowl LII
Latest Travel News
Skytrax announces list of best airports ...
Turkish Airlines launches flights to Sam...
Texas Roadhouse opens its first beachfro...
Featured Sights To See
Miraj Islamic Art Center

Miraj Islamic Art Center

Dubai, United Arab Emirates

The Miraj Islamic Art Center is a showcase for the various art forms in the Muslim world.  This is more of a gallery than a museum – items are displayed like in a museum, but just about everything is for sale.  Items include silverware, metalwork, calligraphy, carpets, and jewelry.  Many objects are from outside the Middle East, especially India.  This is a good place to shop for art, though price...

Acropolium

Acropolium

Tunis, Tunisia

Built anew from the ruins of the Cathedral of Saint Louis, the Acropolium stands as a state of the art site for cultural shows and exhibitions. The cathedral was built by the French in 1956 and was later renovated in 1995. The Acropolium is host to many musical festivals in Tunis together with concerts of various genres. If you do not come across any festival or cultural event during your stay...

Capital Museum

Capital Museum

Beijing, China

The Capital Museum is one of Beijing’s newest.  It first opened in 1981, and moved into its current location in 2005.  Initially, it wasn’t much more than a storehouse, completely overshadowed by Beijing’s other museums.  Now it stands as one of its best, thank to the new building, which is an attraction in its own right.  With more than 60,000m² of floor space and room for 13 ...

US den of espionage

US den of espionage

Tehran, Iran

the building itself is closed to visitors (very rarely, the museum is opened between the 1st and 10th of February) but the southern walls contain interesting murals and finding out about its history can be fascinating. The building is now used by the military so do not take any photos in the vicinity. It is located at the corner of Taleqani and Mofatteh streets and is right next to the Taleqani me...