Wednesday, February 6, 2013

Global air travel growth to slow in 2013 – IATA (Punch)



Global air travel demand growth will slow again this year, but freight markets will recover from a decline in

2012, the International Air Transport Association (IATA) said on Thursday.

“2013 will not be a banner year for profitability, but we should see some improvement on 2012,” IATA

chief executive Tony Tyler said in a statement.

 Global passenger traffic grew 5.3 percent in 2012, IATA said, with domestic demand up 4.0 per cent and

international demand up 6.0 percent. This year it is expected to grow by 4.5 per cent overall.

Although fuel costs remain high, airlines tightened up on spare capacity and spare seats in 2012 to protect

their profits, IATA said.

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