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Friday, August 31, 2012

IATA: Global Air Traffic Up in July

Global air passenger demand increased by 3.5 percent in July compared to July 2011, according to a report by the International Air Transport Association (IATA) Thursday.

IATA said the increase was modest compared with year-over-year global air traffic increases for the first six months of 2012.

International freight traffic was down 3.2 percent in July compared to July 2011, according to the report.

“The uncertain economic outlook is having a negative impact on demand for air transport,” said Tony Tyler, director general and CEO of IATA. “The cargo business is 3.2% smaller than it was a year ago. And passenger markets — with the exception of Africa, China-domestic and the Middle East — saw demand fall from June to July. Overall passenger demand is still up 3.4% on the previous July. But the growth trend is clearly slowing. This, along with rising fuel prices is likely to make it a tough second half of the year.”

Carriers in the Middle East experienced an 11.2 percent increase in passenger demand and a 16 percent increase in freight traffic compared to the same period in 2011, reporting the strongest year-over-year increases in both markets for any region in the world.

 

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