Air traffic rises above pre-recession levels

Air traffic rises above pre-recession levels

International air traffic is 4 percent above its pre-recession peak in 2008, according to figures released from the International Air Transport Association (IATA). Travel statistics from November 2010 show an 8.2 percent growth in passenger numbers compared to 2009, with African carriers witnessing the only increasing development between October to November 2010 (12.6 percent to 16.4 percent respectively). “Growth is slowing towards normal historical levels in the 5-6 percent range,” said Giovanni Bisignani, CEO of IATA.  “Relative weakness in developed markets is being offset by the momentum of economic expansion in developing markets.” During the year, Middle Eastern carriers saw the biggest increase in traffic by 16.7 percent, followed by North American airlines by 9.5 percent. Meanwhile, European carriers saw a 7.3 percent rise in passengers and Asia Pacific airlines flew 5.8 percent more holidaymakers. IATA claims these figures show the industry will still deliver profits of

Gary Marshall
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Gary Marshall
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