Passenger demand now above pre-crisis levels
Now here’s something we haven’t heard for a while…airline associations getting excited about strongly improving passenger traffic numbers.
On the back of preliminary data showing airlines based in the Asia Pacific region carried 15.9 million international passengers in October – a growth of 11.8% compared to the same month last year – Andrew Herdman, director general of the Association of Asia Pacific Airlines said, “The dynamic economies of Asia are powering ahead and so are its airlines.
“Passengers are back in numbers, and the return of premium class passengers and airfreight is particularly welcome.
“The improving mix of business, coupled with disciplined capacity management, has seen Asian airlines leading the industry in returning to profitability.â€
IATA also turned up some good numbers, announcing international traffic results for October showing a 10.1% year-on-year increase in passenger demand.
Said Giovanni Bisignani, IATA’s director general and CEO, “As we approach the end of 2010, growth is returning to a more normal pattern. Passenger demand is 5% above pre-crisis levels of early 2008.
“Where we go from here is dependant on developments in the global economy. The US is spending more to boost its economy. Asia outside of Japan is barrelling forward with high-speed growth. And Europe is tightening its belt as its currency crisis continues.
“The picture going forward is anything but clear, but for the time being, the recovery seems to be strengthening.â€
Ian Jarrett
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