Saturday, December 31, 2011

Air transport markets weaken in November

KUALA LUMPUR (Dec 31): Global traffic results for November showed a softening in passenger markets while air cargo markets remained weak compared to levels attained earlier in the year, according to the International Air Transport Association (IATA).

In a statement Dec 30, the IATA said passenger traffic was 4.3% above November 2010 levels but this was skewed as November 2010 was a particularly weak month.

It said the softening in passenger markets became apparent when compared to October 2011, adding that this showed a 0.5% decline on a seasonally-adjusted basis.

Meanwhile, freight markets were 3.1% below November 2010 levels despite a 1.1% increase on October 2011 performance, it said.

IATA director general and CEO Tony Tyler said weak global economic performance is being reflected in air transport markets.

Freight markets have contracted some 4% compared to January, he said.

'Although passenger markets have had some growth relative to the beginning of the year ' about 2%' the trend has been both soft and volatile.

'Continuing economic uncertainty will likely mean market shortcomings deepening as we enter 2012,' said Tony Tyler, IATA's Director General and CEO.

IATA said that globally, passenger load factors fell sharply to 76.3% from 78.5% in October.

'This shows that the weakness in passenger demand is outpacing airlines' ability to adjust capacity accordingly. Regional differences are sharp.

'While North American carriers saw a 0.8% decline in travel, carriers in the Middle East experienced a 10.1% increase, followed by 9.0% for Latin American airlines,' said IATA.


1 comment:

  1. While North American carriers fell 0.8% in tourism in the Middle East carriers increased 10.1%, followed by 9.0% for Latin American airlines, IATA.