newstodate.aero
JUL 28, 2004 (newstodate): Based on IATA-airlines' results from the first six months of this year, IATA now predicts stronger-than-expected growth figures for 2004.
-International passenger traffic growth in the first half of 2004 substantially exceeded our expectations. If current growth trends prevail, and barring any unforeseen event, we could end the year with double digit growth, surpassing our March expectation of 7.5 percent for the year, says Giovanni Bisignani, IATA Director General and CEO.
Results for the first six months of 2004 indicate increases of 20.4 percent in international passenger traffic and 13.0 percent in cargo over 2003.
This growth outstrips the capacity expansion of 13.2 percent, resulting in a half-year passenger load factor of 73.0 percent. For June 2004 heightened capacity control resulted in a load factor of 75.6 percent.
The growth can be attributed primarily to three factors: improvement of the underlying traffic trends, a strong recovery from the SARS crisis and the impact of cyclical economic growth factors.
Compared with 2000, which was the last normal year for the industry, half-year traffic results are more sobering. International passenger traffic is up 8.4 percent, while cargo shows growth of 16.2 percent. The average load factor for the first six months of 2004 (73.0 percent) is 1.4 points above 2000 levels.
Either eay, figures show that air cargo is firmly on the rise.
-International passenger traffic growth in the first half of 2004 substantially exceeded our expectations. If current growth trends prevail, and barring any unforeseen event, we could end the year with double digit growth, surpassing our March expectation of 7.5 percent for the year, says Giovanni Bisignani, IATA Director General and CEO.
Results for the first six months of 2004 indicate increases of 20.4 percent in international passenger traffic and 13.0 percent in cargo over 2003.
This growth outstrips the capacity expansion of 13.2 percent, resulting in a half-year passenger load factor of 73.0 percent. For June 2004 heightened capacity control resulted in a load factor of 75.6 percent.
The growth can be attributed primarily to three factors: improvement of the underlying traffic trends, a strong recovery from the SARS crisis and the impact of cyclical economic growth factors.
Compared with 2000, which was the last normal year for the industry, half-year traffic results are more sobering. International passenger traffic is up 8.4 percent, while cargo shows growth of 16.2 percent. The average load factor for the first six months of 2004 (73.0 percent) is 1.4 points above 2000 levels.
Either eay, figures show that air cargo is firmly on the rise.