Global Economic Recovery Revives Business and Tourism, Demand for Air Travel Up

Published on : Monday, November 25, 2013

iataThe IATA reports September international passenger demand was up 5.7 percent compared to the same period a year ago. Moreover, that strength was seen globally. North American airlines saw September demand go up 2.3 percent compared to September 2012 – with data for Asia-Pacific carriers rising 8.5 percent and Eurpean airlines’ international traffic up 3.4 percent.

More signs of a slow but firm global economic recovery: despite weak figures in August, international air passenger traffic is up compared to a year ago. Internationally, the IATA says the best improvements in over year traffic growth were with African airlines – whose traffic rose 6.9 percent in September – as well as Latin American carriers.

Tony Tyler, director general and CEO of the International Air Transport Association (IATA), said, “We are seeing a more positive environment for air travel demand, based on rising business confidence, a strong increase in export orders in September, and better performance of key emerging markets like China. The strong growth of recent months, coupled with the continuing improvements in air travel demand in September, suggests that there could be a further acceleration in air travel growth before the end of the year.”

However, it’s in the Middle East where growth has been the strongest – with international air traffic for regional airlines up 10.4 percent. Part of that change has been due to the rise of the Middle East as an international air transport hub – with airlines, there also making record purchases of new aircraft.

Domestic air travel is also on the upswing – rising 1.4 percent in the United States in September, compared to a year earlier, while up 10.6 percent in China, 16.4 percent in India, 12.1 percent in Russian and 2.6 percent in Australia.

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