newstodate.aero
AUG 05, 2003 (newstodate): -The industry turned the corner in June, said Giovanni Bisignani, IATA's Director General and CEO in his comment on the latest figures from June on the world's airline business.
Preliminary figures for June 2003 show a 11.8 percent drop in international passenger traffic over June 2002, with SARS-hit Asia Pacific carriers experiencing a 35.8 percent drop, still the worst performance among all of the regions.
These figures, however, show considerable improvement over the 21 and 55 percent year-on-year drops recorded respectively for May.
Freight traffic for the H1, 2003, showed 7.3 percent growth globally, largely on the back of growth in North America (+11.1 percent), Asia-Pacific (+8.7 percent) and the Middle East (+13.7 percent).
Although freight traffic for the first half of 2003 showed 7.3 percent growth on average, this conceals a cyclical pattern to the growth, which showed virtually no increase in June overall compared with 2002. It remains to be seen whether this could be a leading indicator of global economic trends, or just the result of capacity cuts resulting from War and SARS, said IATA.
Preliminary figures for June 2003 show a 11.8 percent drop in international passenger traffic over June 2002, with SARS-hit Asia Pacific carriers experiencing a 35.8 percent drop, still the worst performance among all of the regions.
These figures, however, show considerable improvement over the 21 and 55 percent year-on-year drops recorded respectively for May.
Freight traffic for the H1, 2003, showed 7.3 percent growth globally, largely on the back of growth in North America (+11.1 percent), Asia-Pacific (+8.7 percent) and the Middle East (+13.7 percent).
Although freight traffic for the first half of 2003 showed 7.3 percent growth on average, this conceals a cyclical pattern to the growth, which showed virtually no increase in June overall compared with 2002. It remains to be seen whether this could be a leading indicator of global economic trends, or just the result of capacity cuts resulting from War and SARS, said IATA.