IATA reveals passenger growth

IATA reveals passenger growth

The International Air Transport Association (IATA) has revealed that international passenger demand in July was up 9.2% from last year. “The recovery in demand has been faster than anticipated. But, as we look towards the end of the year, the pace of the recovery will likely slow,” said IATA’s Director General and CEO Giovanni Bisignani. “The jobless economic recovery is keeping consumer confidence fragile, particularly in North America and Europe. This is affecting leisure markets and cargo traffic. Following the boost of cargo demand from inventory re-stocking, further growth will be largely determined by consumer spending which remains weak.”

Gary Marshall
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Gary Marshall
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