Passenger Traffic Declines, Freight Shows Healthy Growth

(GENEVA) The International Air Transport Association (IATA) announced today its international monthly statistics for scheduled international airline traffic. Passenger traffic for July remained on average 7.9% below levels in July of 2001. Freight traffic was up 10.5% over July 2001 levels.
IATA Director General and CEO, Giovanni Bisignani commented that “Current recovery signs in the freight market are encouraging, although the main passenger business is still significantly down. The air freight trend is often a leading indicator of global economic trade recovery. We are seeing a fragmented picture of traffic volume by region with Asia now slowly growing, while the US and Europe continue at levels below 2001. Overall capacity appears to be lining up with demand, although the level of capacity reduction varies markedly by region. The key will be to ensure that the airlines do not pursue passenger volume at the expense of profitability.”