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December 2, 2009

Passenger Traffic Shows Slow Improvement

The international scheduled traffic results for October 2009 show slow improvements, according to the International Air Transport Association (IATA). Passenger demand is up 0.5% while international cargo also increased by 0.5% compared with October 2008, which is comparatively better t

By cms admin

The international scheduled traffic results for October 2009 show slow improvements, according to the International Air Transport Association (IATA).

Passenger demand is up 0.5% while international cargo also increased by 0.5% compared with October 2008, which is comparatively better than the 5.4% fall in September this year.

Improvement in load factors for passenger and cargo remain at prerecession levels of 78% and 54.1%, respectively, which has been attributed to capacity management.

The IATA report says the aviation industry is unlikely to catch-up with the growth trend established in the 2005 to early-2008 period.

Passenger capacity, which has remained flat throughout 2009, declined by 3.3% in comparison with 2008 and cargo capacity in October was 7.4% below that of last year.

Cargo capacity adjustments are in part down to a 4.9% reduction in fleets, while passenger fleets continue to expand by 1.8%.

There is a 6% fall reported in aircraft utilisation compared with 2008 levels, which has added to an increase in operating costs.

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