10 OCTOBER 2011

YOUR WORDS


Readers are invited to add their comments to any story. Click on the article to see and add.

BTN DISTRIBUTION

BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.

Index

Email this Page
Bookmark

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
info@btnews.co.uk
© 2019 Business Travel News Ltd.

Article from BTNews 10 OCTOBER 2011

Passenger traffic slows down

The International Air Transport Association (IATA) announced traffic results for August.  While passenger demand was up 4.5% over the previous August, this represents a significant slowing from the 6% recorded in July.  The decline in freight markets accelerated.  The 3.8% contraction in freight markets recorded in August was more than double the pace of July’s 1.8% decline.

“The industry has shifted gears downward.  The pace of growth in passenger markets has dipped and the freight business is now shrinking at a faster pace.  With business and consumer confidence continuing to slump globally there is not a lot of optimism for improved conditions any time soon,” said Tony Tyler, IATA’s Director General and CEO.

Comparisons of July to August more clearly indicate the slowdown.  The total passenger market fell by 1.6% in August compared to July.  International markets declined by 1.8%, while already weak domestic markets shrank by 1%.  The total cargo market fell by 1.3%. www.iata.org

Index/Home page
 

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum


No one has commented yet, why don't you start the ball rolling?


Add your comment

First Name
Surname
Email Address
Company (Not obligatory)
Country/City
Comment
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.


www.btnews.co.uk