Thenationonlineng.com
The International Air Transport Association (IATA) has released global traffic results for the first quarter of 2012 showing an 8.6 per cent improvement in passenger demand and a 5.2 per cent rise rise in cargo demand compared to the same month in the previous year.
Several factors inflated the first quarter 2012 results and distorted comparisons with the year-ago period.
These included weaker traffic during the Arab Spring a year ago and the occurrence of Carnival in Brazil in February, a month earlier than in 2011. Cargo demand was also subject to positive distortion by the occurrence of Chinese New Year in January which pushed some deliveries into February.
Global passenger capacity expanded by 7.4 per cent compared to previous-year levels, lagging behind the 8.6 per cent increase in demand. This has had a positive impact on load factors, which airlines have maintained at 75.3 per cent —better than the 74.4 per cent recorded in February 2011.
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