September passenger traffic rises but freight declines: IATA

The International Air Transport Association (IATA) said traffic results for September showing diverging trends for cargo and passenger traffic. ``Passenger traffic was 5.6% higher than the same month last year and stronger than the 4.6% year-on-year growth recorded in August. Air freight on the other hand posted a 2.7% contraction for September compared to September 2010. This is a further deterioration from the 2.4% decline recorded in August.``
``September`s strength in passenger demand was a pleasant surprise. Freight demand contracted for a fifth consecutive month and this trend is in line with falling business and consumer confidence. We are still expecting a general weakening in passenger traffic as we head towards the year-end,`` said, Tony Tyler, IATA`s director general and CEO.
International air travel volumes rebounded to levels reached in July, following a dip in August. The sharp decline in business confidence in most economies, and the weakness in US and European consumer confidence, suggest reluctance for both business and leisure travel. Continuing strong air travel markets may reflect the robust conditions in emerging markets and travel booked earlier in the year when there was more economic optimism.
01/11/11 my iris.com

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Categories: Cargo Nov 2011, Foreign Nov 2011, Indian Aviation- In General Nov 2011