International Aviation Body Says Industry Growth Continues

The leading aviation organization says the global industry continues to grow, with international passenger and freight traffic rising in July. Speaking in Australia, the International Air Transport Association chief executive says he is "cautiously optimistic" about the rest of the year.
The International Air Transport Association predicts that 2010 will be a good year for the 230 airlines it represents.
The optimism is fueled by strong growth in first and business class ticket sales. However, IATA expects growth to slow in the coming months because of weakening consumer demand.
Chief executive Giovanni Bisignani forecasts that the global aviation industry will earn about $2.5 billion in 2010, following two years of losses, should the international economic recovery continue.
The IATA boss says profits will be pushed by stronger demand in Asia, the Middle East and South America, while business in debt-hit Europe remains gloomy.
In July, international passenger demand was up by more than 9 percent, while cargo rose 22 percent.
Bisignani, who is visiting Sydney, said Wednesday the strength of the upturn has come as a surprise.
25/08/10 VOA News.com

To Read the News in full at Source, Click the Headline

Categories: Foreign Aug 2010, Indian Aviation- In General Aug 2010