IATA Reports Strong Passenger and Cargo Demand in February

31 March 2010 (Last Updated March 31st, 2010 18:30)

Passenger and cargo traffic figures in February have shown continuous improvement compared with the same period in 2009, according to the International Air Transport Association (IATA). Passenger traffic demand increased by 9.5% compared with February 2009 and must grow by a further 1.4

Passenger and cargo traffic figures in February have shown continuous improvement compared with the same period in 2009, according to the International Air Transport Association (IATA).

Passenger traffic demand increased by 9.5% compared with February 2009 and must grow by a further 1.4% to return to pre-crisis levels.

Similarly, February 2010 cargo demand increased by 26.5% and must recover with a further 3%.

The highlight for February was improved load factors, which stood at 75.5%. Demand increased by 9.5% and supply was held back to just 1.9%.

In February, European carriers posted the weakest growth at 4.3%, mainly due to sluggish home economies, rising unemployment and labour strikes.

North American airlines, which cut capacity significantly during the recession, posted a weak growth of 4.4%.

Asia-Pacific carriers posted a strong traffic growth of 13.5%, a 19% rebound from the mid-2009 low.

Middle Eastern airlines recorded a traffic growth of 25.8%, while Latin American carriers reported a 8.5% increase and African airlines improved by 9.8%.

European airlines posted a year-on-year cargo demand growth of just 7.2% in February, compared to the 26.5% average.

Cargo demand for North American airlines rose 34.1%, Asia-Pacific by 34.5% and Latin American airlines by 41.9%.