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Global aviation growth slows down in May 2012

The International Air Transport Association (IATA) earlier this week announced global airline traffic results for May, 2012 showing a general downward trend in line with the deteriorating global economic conditions.

 According to the report, domestic air travel in India rose by just 0.1 per cent year-over-year, but fell 2.7 per cent compared to April last year.

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International passenger demand was up 5.6 per cent compared to May 2011. This is well below the 7.1% growth recorded in April last year. All regions, except the Middle East, saw growth in passenger demand slow in May compared to April 2011. "Japan experienced the strongest (domestic) traffic growth, up 14.8 per cent year-on-year. After Japan, Brazil experienced the strongest growth with traffic up 7.2 per cent. China's domestic demand has slowed to growth rates last seen in early 2011. This reflects a slowdown across the Chinese economy. Traffic rose 4.4 per cent," the report noted

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According to the report, Middle East carriers showed the strongest growth at 15.8 per cent . European carriers posted 4.1 per cent growth on international services when compared to the May 2011. This is below the 5.7 per cent year-on-year growth recorded for April last year. According to IATA, "Traffic growth for European carriers basically stopped at the end of 2011. Since the beginning of 2012, the growth trend has been basically flat, in line with the economic pessimism throughout the continent." 

North American airlines experienced a 1.5 per cent increase on international demand in May compared to the previous year. Asia-Pacific carriers showed a 5.5 per cent expansion in demand over the previous year period. This was ahead of capacity expansion of 3.1 per centPsychology Articles, pushing load factors to 75.4 per cent.

Source: Free Articles from ArticlesFactory.com

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