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Article: IATA reports slower, but more profitable, growth.(AIR TRANSPORT BRIEFING)(International Air Transport Association )
- Article from:
- Interavia Business & Technology
- Article date:
- March 22, 2007
CopyrightCOPYRIGHT 2007 Aerospace Media Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The International Air Transport Association (IATA) released full-year traffic, results for 2006 which its said showed slower but more profitable growth". Global passenger growth slowed from the 7.6% recorded in 2005 to 5.9% in 2006. While the cargo growth rate increased from 3.2% in 2005 to 4.6% in 2006, it remains below the historical growth trend of 5.6%. Average passenger load factors in 2006 rose to a record high of 76.0%, up from 75.1% in 2005.
Nonetheless, IATA underlines, while passenger growth slowed, the bottom line improved. The industry showed an estimated operating profit of US$10.2 billion for 2006 while net losses were reduced to a projected US$500 ...