Asia-Pacific carriers record positive growth

New Delhi: The worst may be over for the Asian airlines including those from India, which have recorded the ‘most significant improvement’’ in passenger traffic last month by recording positive growth against negative growth in August.
Bucking the global trend, “Asia-Pacific carriers recorded the most significant improvement from minus 1.6 per cent in August to plus 2.1 per cent in September,’’ the International Air Transport Association (IATA) said.
The overall passenger demand “is now 5 per cent better than the low point reached in March 2009, but 6 per cent below the peak recorded in early 2008,’’ IATA said in its latest global air traffic analysis.
Noting that three factors were influencing this growth, the IATA report said, while the Government’s stimulus packages in the major economies were driving production increases, the Asia-Pacific region’s banking system was relatively strong and its consum ers were not as burdened by debt as those in Europe and the US.
30/10/09 PTI/BusinessLine

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Categories: Foreign Oct 2009, Indian Aviation- In General Oct 2009