IATA reports strong growth in February 2010

IATA has reported that February 2010 international scheduled air traffic showed an increase in demand over the same month in 2009. Compared to February 2009 passenger demand was up 9.5% and cargo up 26.5%. According to IATA these are strong gains but February 2009 was the low point for passenger traffic during the global economic recession. To return to pre-crisis levels passenger demand must rise another 1.4% and cargo demand another 3%. Giovanni Bisignati, Director General and CEO of IATA said that it is moving in the right direction and that in two or three months the industry should be back at pre-recession traffic levels. He warned that this is still not a full recovery and that the task ahead is to adjust for the two years of lost growth. www.iata.org

 

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