Global Airline Industry
IATA: Global demand for air travel up
The International Air Transport Association (IATA) said their data showed that the industry picked up in 2010. On 2 February the group released their final figures for 2010. The association said passenger flights increased by 8.2 per cent through 2010 and that planes were 2.7 per cent fuller than in 2009.
The increases come despite an despite an exceptionally hard year for airline companies in 2010. The industry suffered harsh weather, numerous strikes and an enormous ash cloud that disrupted flights on a scale never before seen. However, worldwide there was an increase in the demand for flights.
The demand was led by the Middle East, which due a delivery of new airliners managed to carry 17.8 per cent more passengers. Demand in Africa rose by 12.9 per cent. However, IATA warned that the occupancy of their planes averaged just 70 per cent, far below the industry average.
Backed by rapid economic growth in China and India, the demand for travel rose by 9 per cent in Asia-Pacific. Analysts believe aviation will boom in this region in the coming years. Travel rose in Latin America by 8.2 per cent, 7.4 per cent in North America and 5.1 per cent in Europe.
In an IATA statement the group said the industry was moving on. It said that following 2009’s crash in demand for the aviation industry, the largest in history, people were beginning to travel again. The steadily increasing price of fuel has now become the main focus of the industry.