July air traffic boosted 5.9% year on year

July air traffic boosted 5.9% year on year

Air passenger traffic across the world’s airports increased 5.9% in July year-on-year, according to new figures from IATA. International markets, which grew by 7.3% compared with July 2010, remain stronger than domestic markets, which showed weaker year-on-year growth of 3.5%. Compared to pre-recession levels of early 2008, international passenger traffic has expanded by 12%. European carriers’ load factor is said to have been boosted by inbound travel, measuring an 85.1% load factor. Demand grew 9.3% alongside a 8.9% rise in capacity. “The increase was likely based on the much more optimistic economic outlook that marked the beginning of the year. With business and consumer confidence now tanking, sluggishness in international trade, and high fuel prices, the expectation is for a weaker end to the year,” said Tony Tyler, director general and CEO at IATA.

Gary Marshall
Written by:
Gary Marshall
Posted On:
Posted In: