IATA Demand for air transport slowing

first_imgKeeping in line with weak business and consumer confidence, aviation transport demand for June showed a continued downturn in growth, according to the International Air Transport Association (IATA). Although year-on-year air transportation figures for June increased by 6.2 percent, statistics since early 2012 indicate a substantial decrease in demand for air travel. From mid-2011 through to January 2012, annualised growth was up 8 percent, yet between February and June 2012, it only saw an increase of 2 percent. IATA director general and chief Tony Tyler said global economic uncertainty is having an adverse affect on the aviation industry’s confidence and willingness to travel.“Passenger markets have been growing more slowly since the beginning of the year and freight markets gains have been mostly very weak,” he said.“The net effect is a demand limbo as consumers and businesses hedge their spending while awaiting clarity on the European economic front.” International passenger markets all displayed growth for the month of June but in keeping with global trends, showed a slow progression in overall air travel demand. North American airlines reported a slight decrease in demand, while Middle East airlines were the strongest with robust demand growth. Domestically speaking, all markets other than India, displayed a rise in demand in June compared to the previous year.“Governments around the world are recognizing the important role of tourism in driving economic growth,” Mr Tyler said.“To benefit the most from tourism, governments need comprehensive and internally coordinated policies.” IATA has welcomed the outcome of the International Civil Aviation Organization (ICAO) aviation emissions summit in Washington this week, where 17 global aviation powerhouses came together to discuss the European Union’s Emissions Trading Scheme. The 17 non-EU governments agreed to pursue the goals of the ICAO Assembly’s 2010 Resolution, including the goal of carbon-neutral growth from 2020 and the development of an international Market-Based Measures scheme, according to a statement released by the IATA. IATA Source = e-Travel Blackboard: P.Tlast_img