Dubai: Amid the current economic downturn
and the outbreak of swine flu, the global aviation industry
continues to remain in "intensive care", the IATA said on Thursday
even though air passenger traffic showed an improvement in
July, mainly due to deep discounting.
The passenger traffic for July declined by 2.9 per cent
compared to the same month in the previous year. However, it
showed a relative improvement from 7.2 per cent fall in the
month of June this year.
"Demand may look better but the bottom line has not
improved. We have seen little change to the unprecedented fall
in yields and revenues," International Air Transport
Association (IATA) director general Giovanni Bisignani said.
He predicted that the coming months will be "marked by
many uncertainties," over spiralling of oil prices.
The Asia-Pacific carriers are the worst hit due to the
recession as 7.6 per cent fall in passenger demand compared
to July 2008, was the largest decline of any region.
The air cargo demand also remained weak and was down by
11.3 per cent in July but was considerably better from -16.5
per cent recorded in June and - 19.3 per cent average for the
first seven months of the year.
All regions, except Africa, saw an improvement in demand
compared to June. The Middle East was the only region to grow,
IATA said in a statement from Geneva.