IATA Monthly International Statistics July 2002

Traffic and Capacity - (Percent Change over 2001)

                            Monthly (July)                                 Year-to-Date (Jan-Jul)

Carriers            RPK     ASK     FTK      ATK                  RPK     ASK     FTK      ATK

                        %         %         %         %                          %         %         %         %

Europe                   -11.5       -11.3       0.7          -11.7                       -11.6       -14.0       -7.0         -14.0

N. America           -8.4         -8.3         5.4          -8.9                          -8.9         -12.2       -4.8         -10.5

Asia Pacific          2.6          1.8         23.7        10.7                         -0.5         -3.6         10.7        -0.2

Overall*                 -7.9         -7.1         10.5       -4.5                           -7.5         -9.8         1.1          -7.9

* total reporting plus estimates for missing data

RPK – Revenue Passenger-Kilometres                                         ASK – Available Seat-Kilometres

FTK – Freight Tonne-Kilometres                                                      ATK – Available Tonne-Kilometres