| 29 Jul 2010 |
|
Middle East air passenger traffic up 18% in June
- Text size
Thursday, Jul 29, 2010
Gulf News
regional carriers expand twice as fast as second-placed asia-pacific
Dubai Middle East passenger traffic saw the fastest global growth last month, rising 18 per cent compared to the same month last year, according to the traffic report by industry watchdog International Air Transport Association (IATA).
Middle East carriers have experienced swift recovery from the plunge in growth during the downturn and grew twice as fast as the nearest runner up.
During the first half, regional carriers grew 20 per cent. The second-highest growth occurred in the Asia Pacific region with 10.5 per cent.
“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 per cent compared to the 15.5 per cent growth in Asia-Pacific,” said Giovanni Bisignani, IATA’s director-general and chief executive.
Compared to June 2009, international passenger demand was up 11.9 per cent while international scheduled freight traffic showed a 26.5 per cent improvement.
Growth trend
After a dip in April due to the volcanic ash crisis in Europe, international passenger demand has returned to its upward growth trend. Passenger volumes are now 1-2 per cent above the pre-recession peak in the first quarter of 2008.
“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 anytime soon. But, with government stimulus packages tailing off and restocking largely completed, we do expect some slowing over the months ahead,” said Bisignani.
Capacity increased only slightly above demand improvements during the month, keeping load factors in line with historical highs at 79.8 per cent for passenger traffic and 53.8 per cent for freight.
International freight demand grew 26.5 per cent in June, down from the 34.0 per cent recorded in May. May was exceptionally high as some interrupted traffic from April’s ash crisis shifted to May.
Volumes remain 6 per cent above the pre-recession peak in early 2008.
Freight demand continues to follow economic recovery and trade patterns with airlines in Asia-Pacific at 29.8 per cent, Middle East at 39.6 per cent, Latin America at 44.9 per cent and Africa at 54 per cent, growing the fastest.
Dummy text dummy dumm dumm dum dummy dum text to be replaced dummy text dummy text dummy dum dummy dum dum dum text replace it.”
Quote Attribution
Quote Title
Staff Report
© Gulf News 2010. All rights reserved.
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Loading ...
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.