Global airline passenger traffic up 5.7% in January

GENEVA — Global air passenger traffic rose by 5.7 percent in January from the level 12 months earlier, but freight activity fell by 8.0 percent, the International Air Transport Association said on Wednesday.

By (AFP)

Published: Wed 29 Feb 2012, 6:04 PM

Last updated: Tue 7 Apr 2015, 11:19 AM

The Chinese New Year in January, instead of in February in 2011, exaggerated the increased passenger demand and the fall in air freight, IATA said in a statement.

“The year started with some hopeful news on business confidence. It appears that freight markets have stabilised, albeit at weak levels,” said CEO Tony Tyler.

“And this is having a positive impact on business-related travel.

“However, airlines face two big risks: rising oil prices and Europe’s sovereign debt crisis. Both are hanging over the industry’s fortunes like the sword of Damocles,” it said.

More news from Business