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IATA passenger traffic declines, freight shows healthy growth

Author: Vicky Karantzavelou / Date: Fri, 10/26/2007 - 13:04

The International Air Transport Association (IATA) announced its international monthly statistics for scheduled...

The International Air Transport Association (IATA<.>) announced its international monthly statistics for scheduled international airline traffic. Passenger traffic for July remained on average 7.9% below levels in July of 2001. Freight traffic was up 10.5% over July 2001 levels.

IATA Director General and CEO, Giovanni Bisignani commented that Current recovery signs in the freight market are encouraging, although the main passenger business is still significantly down. The air freight trend is often a leading indicator of global economic trade recovery. We are seeing a fragmented picture of traffic volume by region with Asia now slowly growing, while the US and Europe continue at levels below 2001. Overall capacity appears to be lining up with demand, although the level of capacity reduction varies markedly by region. The key will be to ensure that the airlines do not pursue passenger volume at the expense of profitability.

ABOUT THE AUTHOR

Vicky Karantzavelou

Co-Founder & Chief Editor

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.