IATA post positive traffic results

first_imgSource = ETB News: P.T. “The solid performance was also supported by a stabilisation of emerging market weakness and renewed confidence in Europe and North America.” “Cost control, consolidation, joint ventures and product innovations are among the measures that are helping airlines achieve the efficiencies needed to secure their financial futures.” Middle East carriers had the strongest year-on-year traffic growth at 15.1 percent for August. Latin American airlines posted a rise of 9.8 percent, Asia Pacific 8.6 percent, African and European carriers both at 5.4 percent and North American airlines at 5.1 percent for international operations. Trading conditions remain difficult, owing to high oil prices and increased competition, however, demand growth indications may lead to an acceleration during the fourth quarter of the year. Total revenue passenger kilometres (RPKs) rose 6.8 percent, while capacity increases lagged demand at 5.6 percent, compared to August 2012. Indian (+15.7 percent) and Chinese (+13.7 percent) carriers were the strongest performing countries in terms of domestic aviation year-over-year for August 2013. “In 2012 airlines made an average 1.1 percent net profit margin… that is expected to double to 2.2 percent in 2014,” Mr Tyler said. “August was a positive month for passenger travel… strong demand and capacity discipline saw load factors match the previous record high of 83.4 percent [in 2011],” IATA director general Tony Tyler said. The International Air Transport Association (IATA) has revealed positive global passenger traffic results for the month of August, citing strong demand and increased capacity.last_img read more

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