newstodate.aero
Jul 3, 2006 (newstodate): IATA has released international traffic data for May 2006 showing seven percent growth in passenger demand and 5.1 percent growth for freight, y-o-y.
-Strong economies are supporting strong demand growth for both freight and passenger traffic. This positive demand environment is helping the global airline industry to offset some of the sharp increase in jet fuel prices. And it is helping airlines boost revenues by an average of 10 percent over the past three years, says Giovanni Bisignani, IATA Director General and CEO.
International freight traffic grew 5.1 percent, y-o-y, in May, down from the 6.1 percent in April.
Overall, freight traffic remains on course to grow by at least double the 2005 rate, and IATA forecasts over-all growth of seven percent for 2006.
For the first five months of the year, Middle Eastern carriers lead growth at 19.6 percent, followed by North America 6.5 percent, Latin America 5.3 percent and Asia-Pacific 5.2 percent, with African and European carriers at 3.8 and 2.1 percent, respectively.
-Strong economies are supporting strong demand growth for both freight and passenger traffic. This positive demand environment is helping the global airline industry to offset some of the sharp increase in jet fuel prices. And it is helping airlines boost revenues by an average of 10 percent over the past three years, says Giovanni Bisignani, IATA Director General and CEO.
International freight traffic grew 5.1 percent, y-o-y, in May, down from the 6.1 percent in April.
Overall, freight traffic remains on course to grow by at least double the 2005 rate, and IATA forecasts over-all growth of seven percent for 2006.
For the first five months of the year, Middle Eastern carriers lead growth at 19.6 percent, followed by North America 6.5 percent, Latin America 5.3 percent and Asia-Pacific 5.2 percent, with African and European carriers at 3.8 and 2.1 percent, respectively.