ASIA Travel Tips .com

   

 

Airline Traffic Results for May 2007 show 5.5% Growth in year-on-year International Passenger Demand

Search ASIA Travel Tips .com Thursday, 5 July 2007

The International Air Transport Association (IATA) has released traffic results for May 2007 that shows 5.5% growth in year-on-year international passenger demand. Growth in freight demand rose to 5% (up sharply from 2.8% in April). This was the largest increase since September 2006. Average load factors remained strong at 73.7%, up 0.1% year-on-year.

“The pick-up in freight, led by Asia, could be the first sign of strengthening demand. Over the next months we will be closely watching the impact of several changing conditions, including intensifying competition from other modes of transport and structural changes such as manufacturers producing lighter goods. On the passenger side, growth has stabilised while strong competition is keeping load factors high even as carriers aggressively expand international routes to take advantage of some liberalising markets,” said Giovanni Bisignani, IATA’s Director General and CEO.

Airlines in the Middle East saw the strongest passenger demand growth in May 2007 with a 19.6% increase that also boosted load factors to 70.8%. African airlines recorded demand growth of 11.2 %, driven by improved regional economic performance and growing links with Asia and the Middle East. Latin American airlines showed the first demand growth in a year with a 4.2% increase, following airline restructuring. Of the three largest regions, Asia Pacific recorded 5.1% growth, while Europe recorded a slower 3.2% increase due to increased competition from new entrants and no-frills carriers. North American demand rose 4.2% while recording the highest average load factor of all regions at 80.4%.

Air freight demand growth was led by airlines in the Middle East at 10.5%. However, Asia Pacific airlines drove overall freight growth, with demand doubling from 3.8% in April to 7.6% in May, reflecting the strong levels of economic and trade growth in the region. Air freight demand growth remained sluggish in North America (2.6%), Europe (1.6%) and Latin America (1.1%) while African air freight demand (-3.6%) dropped sharply.

“The industry is expected to turn a profit of US$5.1 billion in 2007- the first black number since 2000. High load factors are part of the efficiency gains driving the return to profitability. They are also improving our environmental performance. Combine this with the impressive investments in more fuel-efficient fleets that we saw again at the Paris Air Show last week, and you can see an industry that is on target for a projected 25% increase in fuel efficiency by 2020,” said Bisignani.

See other recent news regarding: IATA, Airlines, Aviation, Visitor Arrivals, Survey, Research

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Exclusive HD video interview with Mr. Fumihiro Sakakibara, General Manager - Japan, Macao Government Tourism Office. Aviation industry update from the Group CEO of AirAsia, Mr. Tony Fernandes, and Gary Chapman, Emirates' President Group Services and dnata. Exclusive HD video interview with Mr. John R. Rolfs, General Manager of The Ritz-Carlton, Tokyo and Vice President Japan & Korea. In this interview, filmed in a luxurious suite at The Ritz-Carlton, Tokyo on Sunday, 24 September 2017, we ask Mr. Rolfs to tell us more about the property.
Macao Tourism Update Aviation: AirAsia and Emirates The Ritz-Carlton, Tokyo
What exactly is going to happen to The Dusit Thani Bangkok hotel, when will it close, what about the staff, when will the new Dusit Thani Bangkok open and what will it be like? In this exclusive HD video interview with Ms. Sukanya Janchoo, General Manager of The Dusit Thani Bangkok, Steven Howard of TravelNewsAsia.com asks Khun Sukanya about the hotel, its markets, RevPAR and these major changes. Travelodge Hotels Asia’s Brands and Expansion Plans - Exclusive HD Video Interview with Stephen Burt, Chairman. Exclusive HD video interview with Alejandro Bernabe, Group Director of Avani Hotels and Resorts. We talk about Avani Hotels' future plans and what exciting new developments are in the pipeline. You will also learn that Avani is about to announce a new sub brand, is currently building its first resort with private pool villas and what the group's position is on new technology.
Dusit Thani Bangkok Travelodge Hotels Asia Avani Hotels & Resorts
Jonathan Wigley, CEO of Travelodge Thailand, outlines expansion plans in HD Video Interview. Exclusive HD video interview with Myanmar's Minister of Tourism and Hotels, H.E. U Ohn Maung, about the status of tourism in the beautiful and mystical country of Myanmar (formerly known as Burma). Birth of a Luxury Thai Hotel Brand - HD Video Interview with Christopher E. Stafford, Chief Operating Officer of the newly formed 137 Pillars Hotels & Resorts.
CEO of Travelodge Thailand Myanmar Tourism Update Birth of Luxury Thai Hotel Brand
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014  Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines (PAL) HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 PAL President & COO Thai Vietjet A320-200
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER

Latest Travel News
Advertising
Advertising

 
Copyright © 1997-2017 ASIATravelTips.com/TravelNewsAsia.com