Air Travel Growing Rapidly

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Air Travel Growing Rapidly

Blog: Things that Pop into my Head
Posted by: hazel eyes Thursday 5th August 2010, 3:48pm
Last edited 05/08/2010 3:48pm by hazel eyes

Air travel continues to grow despite the financial crisis.

A report released from the International Air Transport Association has shown that air travel continues to grow rapidly despite the global financial crisis shaking both consumer and corporate confidence. From June to July the report showed an increase of almost 12 percent for international passengers and flight volume up a massive 26 percent during that period.

If that was not good news enough for airliners, there are even more statistics to show that the consumers are still eager to fly to australia, fly to Abu Dhabi and other holiday resorts.
Many areas of the economy continue to struggle to rise about their pre-recession levels of 2008, while airliners are already showing an increase of 1-2 percent in passenger volume since that time. And its not only passenger travel, commercial freight has increased to 6 percent above its pre-recession peak.

“The industry continues to recover faster than expected, but with sharp regional differences. Europe is recovering at half the speed of Asia with passenger growth of 7.8% compared to the 15.5% growth in Asia-Pacific,” said Giovanni Bisignani, IATA’s Director General and CEO.

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