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02.03.2010 21:58
© Fraport
The International Air Transport Association (IATA) today
announced that January 2010 demand for international scheduled air
traffic showed continuing improvement. Compared to the previous year,
January passenger demand was up 6.4%. Against this improving demand, a
1.2% increase in passenger capacity in January pushed load factors to
75.9% (up from the 72.2% recorded for January 2009).
International cargo demand showed a 28.3% improvement with only a 3.7%
increase in capacity. This pushed the cargo load factor to 49.6% which
is a significant change from the 40.1% recorded in January 2009.
The large increases in year-on-year comparisons reflect a steady
improvement from the precipitous fall in demand that characterized the
early part of 2009 rather than a dramatic improvement in January.
Compared to December 2009, and adjusting for seasonal variations,
passenger demand grew by 0.5% while air freight volumes increased by
3.0%.
According to IATA\'s Director General and CEO Giovanni Bisignani, airlines have lost 2-3 years of growth. The organisation expect losses to be US$5,6 billion in 2010
There are large geographical differences in the improvements. The
strongest upturns have been seen in markets where economic recovery
from the recession has been strongest: Asia, Latin America and the
Middle East.
The sharp improvement in air freight, which accelerated to 3.0% in
January compared to December, is being driven by businesses
re-stocking depleted inventories. This part of the inventory cycle
will not last much longer. Durable air freight growth will require
consumers to start buying again and businesses to return to making
investments.
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