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Demand for air travel wanes
July 31st, 2011 by elisa

According to figures released by the International Air Transport Association, demand for air travel is beginning to slow down.

Passenger traffic in June was up 4.4% compared with the same period last month, but the annual rate of growth is close to 10%.

“Compared to May, both passenger and cargo markets contracted by about 1%, for passenger traffic, this is a speed bump in a gradual post-recesssion improvement,” said IATA’s director general and chief executive officer Tony Tyler.

European airlines registered 8.9% growth in June, compared with June 2010, with load factors of over 80%, the highest in the world. IATA attributed this to a weak euro supported by a strong inbound travel trend and the growth of business travel.

 


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