ID :
210902
Mon, 10/03/2011 - 14:13
Auther :
Shortlink :
https://oananews.org//node/210902
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IATA REPORTS SLOWING PASSENGER DEMAND, SHRINKING FREIGHT MARKETS
KUALA LUMPUR, Oct 3 (Bernama) -- The International Air Transport Association (IATA) has reported slowing passenger demand and shrinking freight markets in its traffic results for August.
"While passenger demand was up 4.5 per cent over the previous August, this represents a significant slowing from the 6.0 per cent recorded in July.
"The decline in freight markets accelerated. The 3.8 per cent contraction in freight markets recorded in August was more than double the pace of July’s 1.8 per cent decline," said the international trade body representing some 230 airlines in a statement on Monday.
Total passenger market fell by 1.6 per cent in August compared to July while total cargo market fell by 1.3 per cent.
Passenger load factors were high at 81.4 per cent, almost as high as in July.
"While this is close to historically high levels reflecting the industry's ability to efficiently allocate capacity, it too showed weakness -- falling by 1.3 per cent compared to July."
The IATA said August traffic results were in line with expectations of a decline in profitability heading into 2012.
"Airlines are expected to see total industry profits fall from US$6.9 billion in 2011 to US$4.9 billion."
-- BERNAMA
"While passenger demand was up 4.5 per cent over the previous August, this represents a significant slowing from the 6.0 per cent recorded in July.
"The decline in freight markets accelerated. The 3.8 per cent contraction in freight markets recorded in August was more than double the pace of July’s 1.8 per cent decline," said the international trade body representing some 230 airlines in a statement on Monday.
Total passenger market fell by 1.6 per cent in August compared to July while total cargo market fell by 1.3 per cent.
Passenger load factors were high at 81.4 per cent, almost as high as in July.
"While this is close to historically high levels reflecting the industry's ability to efficiently allocate capacity, it too showed weakness -- falling by 1.3 per cent compared to July."
The IATA said August traffic results were in line with expectations of a decline in profitability heading into 2012.
"Airlines are expected to see total industry profits fall from US$6.9 billion in 2011 to US$4.9 billion."
-- BERNAMA
