FREIGHT AND PAX DEMAND REMAIN STRONG -IATA
- Latest News
- Monday, 24 July 2006
The International Air Transport Association (IATA) figures also show load factors for the first four months of the year achieved an average of 74.8 per cent.
“Strong economies are supporting strong demand growth for both freight and passenger traffic. Even with the high price of oil and rising interest rates there is no apparent drop in demand and carriers are responding with careful capacity management that saw the April load factors reach their highest point—76.5 per cent—in the past decade,” said Giovanni Bisignani, IATA’s director general and chief executive officer.
Passenger traffic grew by 9.9 per cent over the previous April, while capacity expanded by only 5.5 per cent, driving load factors to 76.5 per cent. For the first four months of the year, the Middle East continued to lead growth with an 18.3 per cent increase over the same period in 2005.