The International Air Transport Association (IATA) announced international scheduled traffic statistics for May which showed a 34.3 per cent jump in freight demand and an 11.7 per cent increase in passenger traffic and compared to May 2009. “Demand rebounded strongly in May following the impact of the European volcanic ash fiasco in April. Passenger traffic is now 1 per cent above pre-recession levels, while the freight market is 6 per cent bigger,†said Giovanni Bisignani, IATA's … [Read more...] about Air cargo demand continues rebound: IATA
International Air Transport Association
Korean Air Cargo remains No.1 cargo carrier
New International Air Transport Association (IATA) statistics have shown that Korean Air maintained and improved top traffic records in 2009 despite the global economic slowdown that depressed the air cargo market. According to World Air Transport Statistics compiled by IATA, Korean Air topped the global rankings for commercial airline cargo operations for the sixth consecutive year securing first place. During 2009, Korean Air recorded 8.225 billion FTK (Freight Tonne-Kilometres), topping the … [Read more...] about Korean Air Cargo remains No.1 cargo carrier
IATA blasts Europe again over volcanic crisis
The International Air Transport Association (IATA) called on European governments and air navigation service providers to urgently develop more precise procedures to identify ash contaminated air space and allow more flights. The call came in the wake of 1,000 flight cancellations on Monday (17 May) as a result of the continued volcanic eruptions in Iceland. “This problem is not going away any time soon. The current European-wide system to decide on airspace closures is not working. We … [Read more...] about IATA blasts Europe again over volcanic crisis
Demand growing faster than expected
Demand for both international air travel and air freight accelerated in March with the rebound on the back of economic recovery exceeding expectations, the International Air Transport Association (IATA) said this week. IATA said the air traffic recovery would dip in April because of the disruption from the Icelandic volcanic eruption, which hit European carriers in particular, and added that passenger and freight markets are still one per cent below early 2008 highs and the industry has lost two … [Read more...] about Demand growing faster than expected
February demand still strong: IATA
The International Air Transport Association (IATA) announced that February 2010 international scheduled air traffic showed continued strengthening of demand. Compared to February 2009, cargo demand grew 26.5 per cent while passenger demand was up 9.5 per cent. Iata noted that cargo traffic, which plunged much further than passenger demand and ultimately hit bottom in December 2008, has a further 3 per cent to recover in order to return to pre-crisis levels. “We are moving in the right … [Read more...] about February demand still strong: IATA
IATA: January volumes continue upward trend
The International Air Transport Association (IATA) has announced that January 2010 demand for international scheduled air traffic showed continuing improvement, with international cargo demand up 28.3 per cent with only a 3.7 per cent increase in capacity. This pushed the cargo load factor to 49.6 per cent, a significant change from the 40.1 per cent recorded in January 2009. There are large geographical differences in the improvements. The strongest upturns have been seen in markets where … [Read more...] about IATA: January volumes continue upward trend
