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Old September 2nd, 2005, 03:51 AM   #41
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International air passenger traffic up 8.5 percent in July: IATA

GENEVA, Sept 1 (AFP) - International civil aviation passenger traffic increased 8.5 percent in July compared with the same month last year, the International Air Transport Association (IATA) said Thursday.

In the year to July 31, traffic was up 8.8 percent.

Cargo traffic increased by only 2.2 percent in July from the same month of 2004 and 3.5 percent in the year to July.

IATA, which groups 265 companies repesenting 94 percent of international traffic, said passenger planes were 79.6 percent full from January to July, up from 74.8 percent in the same period last year.

"Carriers are responding to the summer travel season in the northern hemisphere with careful capacity management," said Giovanni Bisignani, IATA director geneeral.

"Globally four out of every five seats were filled in July with every region reporting load factors in excess of 70 percent."

He said strong passenger numbers and fuel surcharges were helping airlines offset the soaring price of fuel.

"The extraordinary high price of fuel means that cost reduction has gone beyond urgent.

"With oil in the 70-dollar-per-barrel range every drop of unneeded fuel burned and every cent of unnecessary expense is simply not tolerable," said Bisignani.

IATA in May forecast industry losses of six billion dollars (4.8 billion euros) based on an average oil price of 47 dollars a barrel.

Escalating fuel prices in recent weeks have brought the year-to-date average price per barrel to 53 dollars.

"Every dollar added to the price of oil adds one billion dollars to airline industry costs," Bisignani said.
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Old November 1st, 2005, 12:18 AM   #42
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Sep Intl Airline Traffic +8.2%; Growth May Slow - IATA
31 October 2005

LONDON (Dow Jones)--International airline passenger traffic rose 8.2% in September from a year earlier with cargo traffic up just 1.3%, trade group The International Air Transport Association said Monday.

The passenger data showed an improvement on the 6.1% annual growth recorded for August, but the trade group warned that passenger volumes are likely to be constrained in the future.

"The continued slowing in freight volumes indicates that high oil prices are taking a bite out of economic activity. It's only a matter of time before the trend is reflected in passenger volumes," said IATA Director General Giovanni Bisignani.

IATA, which represents 265 airlines globally, also said it's now projecting a 5.6% average annual growth rate for international passenger traffic between 2005 and 2009. A growth rate of 6.3% is forecast for international freight tonnage.

IATA member airlines are mainly full-service carriers.
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Old November 25th, 2005, 03:40 PM   #43
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Asia-Pacific Airlines Report Low Passenger Growth In Oct
25 November 2005

KUALA LUMPUR (AP)--Air travel growth in the Asia-Pacific region declined 3.6% in October from a year ago as high oil prices and a slowing global economy choked demand, an industry group said Friday.

The Kuala Lumpur-based Association of Asia Pacific Airlines said its 17 member airlines flew 10.9 million passengers in October, compared to 10.56 million in the same month a year ago.

"The burden of high oil prices is clearly having an impact, both directly in terms of higher fuel bills, and indirectly in the form of slower global economic growth," association director-general Andrew Herdman said in a statement.

For the first 10 months of the year, the number of passengers carried by the 17 airlines reached 106.52 million, up from 100.537 million in the same period a year ago.

"On the cargo side of the business, growth also remains modest, with freight traffic up just 3.2% for the year to date," Herdman said.

The association predicted that competition among airlines will remain intense next year, due to volatile oil prices and slower consumer spending, but said China's economic boom will bolster travel demand in the region.

The AAPA represents Air New Zealand (AIR.NZ), All Nippon Airways (202.TO), Asiana Airlines (020560.KQ), Cathay Pacific Airways (0293.HK), China Airlines (2610.TW), Dragonair, EVA Air (2618.TW), Garuda Indonesia, Japan Airlines (9205.TO), Korean Air (003490.SE), Malaysia Airlines (3786.KU), Philippine Airlines (PAI.YY), Qantas Airways (QAN.AU), Royal Brunei Airlines, Singapore Airlines (S55.SG), Thai Airways International (THAI.TH) and Vietnam Airlines (VAI.YY).

Last year, the number of passengers traveling on these airlines reached 117 million, rising 22.5% from 2003, signaling the industry's rebound from the 2003 SARS crisis, which caused thousands of flights to be cut as travelers avoided Asian areas hit by the outbreak.
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Old December 14th, 2005, 04:40 PM   #44
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IATA: Air Passenger Growth to Slow in 2006
By ALEXANDER G. HIGGINS
14 December 2005

GENEVA (AP) - Global growth in air passenger traffic will drag next year due to a general economic slowdown, but falling oil prices could help airlines cut their losses, the industry's trade group said Wednesday.

The airline industry, which will probably suffer net losses of $4.68 billion this year, could break even in 2006 if fuel prices drop sufficiently, the International Air Transport Association said.

"There is now a case for qualified optimism about the industry's financial performance," said IATA chief economist Brian Pearce.

IATA expects losses next year to narrow to $4.3 billion, and forecasts the industry to swing to a net profit in 2007.

But Pearce, speaking at IATA's Geneva headquarters, said the industry could break even if oil dropped as far as $50 a barrel. Crude oil prices currently hover above the $60 a barrel mark.

Growth, however, in air passenger traffic for both international and domestic flights is expected to drop from 7.1 percent this year to 4.5 percent in 2006, said IATA Chief Executive Giovanni Bisignani.

"We are already seeing slower growth for passenger traffic," Bisignani said.

Pearce said this slowdown follows the trend seen in freight traffic during 2005. Passenger traffic usually lags developments in air cargo traffic, he explained.

In July, IATA said cargo traffic grew by only 3.2 percent between January and June, as high fuel prices and a slowdown in the global economy took their toll. It grew by 13.2 percent in the same six-month period in 2004.

Air passenger traffic had faster growth, at 8.8 percent, in the first six months of 2005. The growth was led by airlines from the Middle East, Latin America and North America, which all recorded an increase in passenger travel above 10 percent.

Nevertheless, Pearce said the industry's overall performance was being weighed down heavily by performance in the United States.

"In 2005, U.S. net losses may reach $10 billion, as substantial restructuring costs and debt interests added to a deterioration in operating performance," he said.

Bisignani said prospects for 2006 could also could depend on other factors, noting that the industry had been hit by a number of crises in recent years -- including SARS, war and terror.

"Avian flu is another potential shock if we see human-to-human transmission," Bisignani said. "Based on our experience with SARS, we are coordinating with WHO."

He said the industry had put no emergency action in place, but "we are prepared to act if the situation becomes more serious." Experts fear the H5N1 strain of bird flu that has killed at least 69 people in Asia could trigger a human flu pandemic if it mutates into a form that is easily spread between people.
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Old December 17th, 2005, 02:15 AM   #45
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Air traffic tops 2 billion passengers in 2005: ICAO

MONTREAL, Dec 16 (AFP) - Global air traffic increased 5.5 percent in 2005 over the previous year, as more than two billion people took to the sky, according to the International Civil Aviation Organization (ICAO).

According to preliminary figures released Thursday, national and international passenger traffic rose 7.5 percent, with more seats offered, while freight traffic changed little in the past year, up only one percent to 38 million tonnes.

Airlines in the Middle East reported the strongest traffic growth, followed by those in Latin America and the Caribbean, and Africa.

Growth for airlines in Europe and Asia was close to the world average, while North America experienced a drop due primarily to lower freight traffic, coming in below the world average.
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Old December 17th, 2005, 02:15 AM   #46
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Correction: Switzerland-Airline-Industry
16 December 2005

GENEVA (AP) - In a Dec. 14 story about the world airline industry, The Associated Press erroneously reported the industry's probable net loss this year as a result of high fuel prices, interest payments, restructuring and other costs. The correct figure is $6 billion, not $4.68 billion, according to the International Air Transport Association.
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Old January 11th, 2006, 04:51 AM   #47
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More than 700 million passengers traveled from European airports in 2005
10 January 2006

BRUSSELS, Belgium (AP) - On an average day in 2005, more than 2 million passengers and more than 25,000 aircraft took off from European airports, the European air traffic control agency said Tuesday.

Some 2.5 million people are expected to travel each day during the summer of 2006 -- equivalent to the population of Manchester or Warsaw.

Overall, more than 700 million passengers traveled on over 9.2 million flights from European airports in 2005, EUROCONTROL said. The number of flights increased by 4.5 percent last year and is expected to grow by 3 percent this year.

Air traffic has grown by 15 percent since 1999 -- and is expected to grow by 35 percent over the next 10 years. Accidents fell by 35 percent and air traffic control delays dropped by 75 percent over the last six years.

Eastern Europe is booming, with the number of flights increasing last year by 18 percent in Croatia, 17 percent in Slovakia and 16 percent in Poland.

EUROCONTROL said air traffic management delays flights by an average of 1.9 minutes per flight.
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Old January 11th, 2006, 07:18 AM   #48
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Asia-Pacific airlines report weak growth in November's passenger figures
5 January 2006

KUALA LUMPUR, Malaysia (AP) - Air travel in the Asia-Pacific region grew by only 1.2 percent in November from a year ago, its weakest pace this year, as demand was crimped by volatile oil prices and a global economic slowdown, an industry group said Friday.

The Kuala Lumpur-based Association of Asia Pacific Airlines said its 17 member airlines flew 10.6 million passengers in November compared to 10.517 million in the same month a year ago, and was down from 10.9 million in October.

"The effects of high oil prices and slower global economic growth remain a concern," association director-general Andrew Herdman said in a statement.

For the first 11 months of the year, he said the number of passengers carried by the 17 airlines grew 5.5 percent to reach 117.128 million, up from 111.054 million in the same period a year ago.

Airfreight growth was more modest at 3.2 percent for the year to date, after freight traffic expanded four percent in November following four months of virtually flat growth, he added.

The association has predicted air travel growth in Asia-Pacific will ease next year from around 6 percent growth this year.

It said competition among airlines will remain intense next year due to volatile oil prices and slowing consumer spending but China's economic boom is likely to bolster travel demand in the region.

The AAPA represents Air New Zealand, All Nippon Airways, Asiana Airlines, Cathay Pacific Airways, China Airlines, Dragonair, EVA Air, Garuda Indonesia, Japan Airlines, Korean Air, Malaysia Airlines, Philippine Airlines, Qantas Airways, Royal Brunei Airlines, Singapore Airlines, Thai Airways International and Vietnam Airlines.

Last year, the number of passengers traveling on these airlines reached 117 million, rising 22.5 percent from 2003, signaling the industry's rebound from the 2003 SARS crisis, which caused thousands of flights to be cut as travelers avoided Asian areas hit by the outbreak.
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Old January 26th, 2006, 04:55 AM   #49
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Econ Growth, Cost Cuts To Boost Asian Carriers 2006 Pft
By Abdul Hadhi
25 January 2006

SINGAPORE (Dow Jones)--Strong regional economic growth and lower costs will boost the profits of Asia-Pacific airlines by up to a third in 2006, analysts say, provided terrorism, a bird flu pandemic or spiraling oil prices don't plunge the industry into another crisis.

The International Air Transport Association, whose 270 member airlines carry 98% of scheduled air passengers worldwide, forecasts that the region's airlines will generate profit of US$2 billion for 2006, up from an estimated US$1.5 billion in 2005.

With Asian economies expected to grow strongly this year, analysts say the robust business environment and rising personal incomes will fuel demand for both business and tourist travel.

The Asian Development Bank has forecast the Asia ex-Japan region will grow 6.6% in 2006, led by China with growth of 9.2%. By contrast, the ADB has forecast 3.6% economic growth for the U.S.

"Most markets across the region will achieve a travel growth rate in excess of 4%-6%, with star markets such as India and China to reach 9% and 12% travel growth respectively," said Don Birch, chief executive of ticketing reservations firm Abacus International.

Among the contributing factors will be the increase in business relationships between Asia and the Middle East and interregional trade with China, he said.

Standard and Poor's aviation analyst Shukor Yusof, who is forecasting Asia-Pacific carriers will report a 20%-30% on-year rise in earnings this year, said airlines will be helped by the stabilization of jet fuel prices below the US$80 per barrel level. Further rises on the same scale as in 2005 are unlikely, he added.

The positive outlook for Asia-Pacific carriers, which have overcome the effects of the SARS epidemic and the December 2004 tsunami, is in sharp contrast to U.S. airlines, which are forecast to report a US$6.5 billion loss in 2006 as they continue to battle high fuel costs and intense competition.

Fuel costs have soared for airlines the world over from the middle of 2004, becoming carriers' biggest expenditure item and prompting them to impose fuel surcharges on tickets to offset part of the cost.

However, unlike U.S. airlines, those in Asia have managed to keep a lid on other costs.

Labor accounts for about 20% of airlines' operating costs in Asia compared with 30% in Europe and 38% in the U.S., according to IATA spokesman Albert Tjoeng.

In their latest reporting periods, labor accounted for 20% of the total costs of Singapore Airlines Ltd. (S55.SG), or SIA, and 21% at Cathay Pacific Airways Ltd. (0293.HK).

Another factor helping Asia-Pacific carriers is the relatively low penetration rate of low-cost carriers, or LCCs, in the region.

"LCCs have affected legacy carriers but not as much as in North America, given that LCCs in Asia do not compete with flag carriers that fly mostly intercontinental flights," S&P's Shukor said.

LCC penetration in Asia is only 6% in terms of passenger capacity compared with 35% in Europe and 45% in the U.S., according to IATA.

But while the market penetration rate in Asia may be low, the emerging LCCs have also made Asia's full-service airlines more cost-conscious.

"Many major flag carriers are also cutting their cost structure by outsourcing noncore information technology and accounting functions, such as SIA, and by cutting jobs such as Qantas, placing them in a better position to compete with LCCs in terms of fares," Shukor said.

Reflecting their confident outlook, a number of airlines, including Qantas Airways Ltd. (QAN.AU) and Cathay Pacific, have already ordered new planes.

However, not all regional carriers will perform as strongly as SIA, Cathay Pacific and Qantas.

Malaysian Airline System Bhd. (3786.KU) and PT Garuda Indonesia, for example, will be hard pressed to fund the purchase of new aircraft that would serve the dual purpose of meeting growing passenger traffic and make them better able to compete with LCCs by reducing fuel costs, according to Shukor.

Garuda has outstanding debt of over US$1 billion and recently received approval from European export credit agencies to delay US$515 million in payments for plane loans while MAS is selling most of its local and overseas properties in coming months to raise 1.5 billion ringgit.

Officials from MAS declined to comment while Garuda officials weren't immediately available for comment.

While most regional carriers are expected to do well in 2006, concerns about terrorism, the possible spread of bird flu and a further rise in oil prices still linger, said Peter Harbison, Executive Chairman of the Sydney-based Center for Asia-Pacific Aviation.

Bird flu has killed at least 80 people in east Asia and Turkey since 2003, according to the World Health Organization.

Experts worry the virus could mutate into a form that would be easily transmitted among people, sparking a global flu pandemic that could kill millions.

The epidemic of SARS, or severe acute respiratory syndrome, claimed 774 lives globally in 2003, and caused thousands of flight cancellations as travelers avoided Asian areas hit by the outbreak.

The severity of the travel slump led to losses even at usually highly profitable airlines such as SIA and Cathay Pacific.

Oil prices also pose a risk.

Crude oil prices declined to around US$61 per barrel at the end of 2005, off a high of US$70.85 in late August 2005. They are currently at around US$65 on fears of supply disruptions by major oil producer Iran as it clashes with the West over its nuclear program.

However, even at current levels, most Asian airlines are on track to do well.

"Jet fuel prices are still below US$80 per barrel and most of the regional airlines are well hedged this year, which will protect their earnings as they benefit from the growth in travel," S&P's Shukor said.
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Old January 26th, 2006, 04:57 AM   #50
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Asia-Pacific Airlines Report '05 Passenger Numbers Up 5%
25 January 2006

KUALA LUMPUR (AP)--Air travel in the Asia-Pacific region grew 5% in 2005 from a year ago despite skyrocketing oil prices and is likely to remain "fairly positive" this year, an industry group said Wednesday.

The Kuala Lumpur-based Association of Asia Pacific Airlines said its 17 member airlines flew a record 128 million passengers last year, compared with 121.9 million in 2004. Freight traffic expanded at a more modest rate of 3.3% in 2005, it said.

"AAPA member airlines as a group set new records for both international passengers and cargo traffic in 2005 despite the dampening effect of high oil prices," association director-general Andrew Herdman said in a statement.

"The outlook for Asia-Pacific's aviation industry in 2006 remains fairly positive, although the burden of high oil prices on the global economy remains a concern."

The 5% passenger growth was a sharp slowdown compared with a 22.5% expansion in 2004, when the industry rebounded from the 2003 SARS crisis which caused thousands of flights to be cut as travelers avoided Asian areas hit by the outbreak.

The association didn't give any growth forecast for this year. It has predicted jet fuel costs for its member airlines to balloon 50% to US$18 billion last year and likely to increase in 2006, cutting into their profit margins.

It said competition among airlines is expected to remain intense this year due to volatile oil prices and slowing consumer spending but China's economic boom is likely to bolster travel demand in the region.

The AAPA represents Air New Zealand (AIR.NZ), All Nippon Airways (9202.TO), Asiana Airlines (020560.KQ), Cathay Pacific Airways (0293.HK), China Airlines (2610.TW), Dragonair, EVA Air (2618.TW), Garuda Indonesia, Japan Airlines (9205.TO), Korean Air (003490.SE), Malaysia Airlines (3786.KU), Philippine Airlines (PAI.YY), Qantas Airways (QAN.AU), Royal Brunei Airlines, Singapore Airlines (S55.SG), Thai Airways International (THAI.TH) and Vietnam Airlines (VAI.YY).

As a group, the AAPA represents roughly one-fifth of global passenger traffic and one-third of global cargo traffic.
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Old March 15th, 2006, 02:54 AM   #51
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World 2005 air passengers up 6 pct-airports body

GENEVA, March 14 (Reuters) - Passengers passing through world and domestic airports last year totalled some 4 billion, 6 percent up on 2004, the industry body Airports Council International (ACI) said on Tuesday.

Travellers taking international flights totalled 1.6 billion, a year-on-year increase of 8 pct, while cargo moved on international routes was up 3 percent according to preliminary figures, the Geneva-based ACI reported.

In a statement, ACI Director-General Robert Aaronson said the statistics showed "that air transport is once again in a position to stimulate business development and expansion of the travel and tourism sector".

The figures showed that the world's top five busiest passenger airports, as in 2004, were Atlanta, Chicago O'Hare, London Heathrow, Tokyo's Hanada and Los Angeles, with increases ranging from 0.8 percent up to 2.7 percent.

Beijing, in 14th position, saw an increase of 17.5 percent in domestic and international passengers -- the biggest of the top 30 global airports -- for a total of nearly 41 million. This followed a 43 percent surge in 2004.

For international travellers, a category in which ACI had not previously issued established a separate listing, the top five were London Heathrow with over 61 million travellers, Paris Charles de Gaulle, Frankfurt, Amsterdam and Hong Kong.

Nearly 49 million took international flights from or to Paris. Frankfurt handled nearly 45 million, Amsterdam nearly 40 million and Hong Kong just under 40 million, according to ACI, which links airport operators and authorities in 177 countries.

The world's five busiest cargo airports in 2005 were Memphis, Hong Kong, Anchorage, Tokyo's Narita and Seoul. The biggest increase among the five in cargo throughput was returned by Hong Kong at 10.1 percent, with Anchorage on 9.7.
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Old March 23rd, 2006, 05:15 PM   #52
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IATA Now Sees Global Airlines Making $2.2B Loss In 06
23 March 2006

LONDON (Dow Jones)--Global airlines are now on course to make a combined loss of $2.2 billion in 2006, followed by a profit of $7.2 billion in 2007, the International Air Transport Association, or IATA, said Thursday.

The quarterly revisions are an improvement on IATA's previous forecasts of a $4.3 billion loss in 2006 and profit of $6 billion in 2007.

IATA's Director General Giovanni Bisignani said the more positive outlook is due to better economic prospects in Europe and Asia and an improving situation in the U.S.

"While the trend is positive, we are nowhere near sustainability. A profit of $7.2 billion is only a 3% return on capital invested. Improved cost-efficiency should be at the top of the agenda for everyone in the airline industry," Bisignani said.

The revised forecasts are based on Brent crude oil prices averaging $57 a barrel in 2006 and $52 a barrel in 2007. "Oil remains the single biggest challenge for airline profitability. Strong demand gives little hope of reduced prices this year," Bisignani added.

Among the regions, North American carriers are expected to cut their losses to $5.4 billion in 2006, from $10.8 billion in 2005. Asia-Pacific carriers are expected to post profits of $2 billion this year, down from $2.9 billion in 2005 while European carriers are expected to show a 2006 profit of $1.4 billion, against $1.8 billion in 2005.

IATA represents 265 airlines globally, comprising 94% of international scheduled air traffic. These are mainly full-service carriers.

IATA Web site: http://www.iata.org
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Old April 3rd, 2006, 05:00 PM   #53
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Global Airline Passenger Traffic +6.8% In Feb - IATA
3 April 2006
Edited Press Release

LONDON (Dow Jones)--Global international airline passenger traffic rose 6.8% in February from a year earlier while freight traffic rose 5.4%, the International Air Transport Association, or IATA, said Monday.

"While passenger growth was in line with projections, North American carrier growth of 3.6% is significantly below the high levels recorded in 2005 as U.S. carriers re-allocated domestic capacity to higher-yielding international markets," said Giovanni Bisignani, IATA Director General and CEO.

Passenger traffic is measured in revenue passenger kilometers or RPKs.

The Middle East remained the fastest growing region with a 15.3% rise in passenger traffic. The industry-wide passenger load factor in the month was 73.3%.

IATA represents 265 airlines globally comprising 94% of international scheduled air traffic. These are mainly full-service carriers.
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Old June 28th, 2006, 11:08 PM   #54
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Fuel costs hurt Asia-Pacific air travel
28 June 2006

KUALA LUMPUR, Malaysia (AP) - Air travel in the Asia-Pacific region slowed for the third straight month in May as airlines grappled with high fuel prices, an industry group said Wednesday.

The Kuala Lumpur-based Association of Asia Pacific Airlines said its 17 member airlines flew a total 10.5 million passengers in May, up 4 percent from 10.13 million a year ago, but down from 10.9 million in April and 11.06 million in March.

Freight traffic growth also moderated to 3.4 percent in May, compared to 5.2 percent in April, it said.

"Traffic growth moderated slightly in May but the underlying trend remains fairly stable," association director-general Andrew Herdman said in a statement. For the first five months of 2006, he said passenger traffic as well as cargo traffic expanded 5 percent from the same period last year.

He did not elaborate and could not be reached for further details.

In 2005, air travel in the region grew 5 percent with AAPA member airlines flying a record 128 million passengers, compared to 121.9 million in 2004.

But this year, the association said its member airlines are wrestling with the impact of extremely high fuel prices, which have undermined profitability.

As a group, the AAPA represents roughly one-fifth of global passenger traffic and one-third of global cargo traffic.
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Old July 4th, 2006, 06:56 PM   #55
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Global Airline Traffic to Rise Steadily in Mid-Term: UN

NEW YORK, July 4 Asia Pulse - Global airline traffic is expected to rise steadily until 2008 in line with an anticipated good performance by the world economy, according to the United Nations'(UN) aviation agency.

The UN International Civil Aviation Organization found in its medium-term forecast that airline traffic would grow 6.1 per cent in 2006, 5.8 per cent in 2007, and 5.6 per cent in 2008.

Traffic is estimated to have grown by 8.0 per cent in 2005 as a result of the continued expansion of the global economy.

"World airline scheduled passenger traffic is expected to show robust growth over the next three years following a strong rebound in 2004 and continued resilience in 2005," the UN said in a statement Tuesday.

The Middle East is expected to show the highest average annual growth rate of about 10.7 per cent between 2006 and 2008, while the Asia-Pacific region is forecast to experience fairly strong traffic growth rates, well above the world average.

As for tourism, the UN World Tourism Organization (UNWTO) noted that although the rate of growth has slowed slightly, 2006 got off to a good start with the first four months recording a 4.5 per cent growth in international arrivals worldwide.

"Although the rate of growth is slowing gradually, international tourism is firmly on track to grow at a rate above the long-term average of 4.0 per cent for the third year in a row now barring unexpected events," the UN said.

Tourism in Africa and the Middle East both registered an above average rise of 11 per cent, while Asia and the Pacific saw tourism jump 8.0 per cent. Europe and the Americas grew at a more moderate pace during the period at just under 3.0 per cent.

The agency said the first months of 2006 were also marked by the much expected recovery of destinations hit by the December 2004 Indian Ocean tsunami.

"Arrivals in the Maldives were as much as 97 per cent above the same period last year. Sri Lanka, at a 25 per cent increase, also did well, while foreign arrivals in Thailand through Bangkok airport rose by 29 per cent in the first three months of 2006."

"But Indonesia's recovery has been unfortunately compromised by the 27 May earthquake that occurred in the vicinity of its second favourite tourism destination, Yogyakarta," it said.
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Old August 31st, 2006, 06:58 AM   #56
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Asia-Pacific Passenger Traffic up 4.4 PCT in Last Fy: Iata

CANBERRA, Aug 31 Asia Pulse - Despite concerns over terrorism and bird flu, people in the Asia-Pacific region are continuing to fly, statistics show.

The International Air Transport Association (IATA), an international trade group, has released figures covering both passenger and freight air traffic for the last financial year.

IATA said passenger traffic in the Asia-Pacific region was up 4.4 per cent and freight work was up 3.5 per cent.

Despite the good news, the association's director general, Giovanni Bisignani, said continued threats to the aviation industry along with global political tensions meant there was no room for complacency in the industry.

"For the first time in two years, Middle Eastern carriers were not the leaders in cargo or passenger growth," Mr Bisignani said in a statement.

"The slowdown was isolated with little impact even to the regions dominant carriers."
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Old October 3rd, 2006, 06:18 AM   #57
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Air traffic growing at smallest rate since 2003: IATA

GENEVA, Sept 29, 2006 (AFP) - August saw the smallest monthly increase in worldwide air passenger traffic since 2003, with a rise of just 4.8 percent, the International Air Transport Association (IATA) reported on Friday.

The August figures marked the fourth consecutive month of declining growth and brought the overall growth rate for this year down to 6.1 percent.

Nevertheless, the assocation's statement noted, average load factors (how full the planes are) remain close to record levels, at 79.4 percent.

IATA said August's terror alert in Britain, where the authorities claimed to have foiled a plot to blow up transatlantic flights, "had no clear impact on traffic growth". But it noted that airport security had been "much improved" whilst calling for governments to shoulder more of the burden of its cost.

Despite the falling growth rate, the IATA said it hoped its 260 member companies would "end the year better off than our current 1.7 billion dollar (1.3 billion euro) loss prediction", thanks to the record load factors plus "a declining oil price and enormous efficiency gains".

And for the first time in six years, the Geneva-based organisation is predicting a profit for next year -- of 1.9 billion dollars (1.5 billion euros).

IATA boss Giovanni Bisignani tempered the good news, however: "Nobody should be rushing to open champagne for a 450-billion-dollar industry returning 0.4 percent of revenues," he said, calling for "more change and efficiency".
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Old October 13th, 2006, 09:15 PM   #58
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U.S. airline traffic up through July
13 October 2006

WASHINGTON (AP) - U.S. airlines carried 439 million domestic and international passengers during the first seven months of the year, a 0.5 percent increase compared with last year, the U.S. Department of Transportation's Bureau of Transportation Statistics said Friday.

The bureau said U.S. airlines carried 387.5 million domestic passengers through June, a slight drop from 388.3 million in the year-ago period.

But the airlines carried 51.5 million international passengers, a 6 percent increase from 48.6 million in the same seven-month period in 2005.

In July, U.S.-based airlines carried 69.5 million passengers, down 1.6 percent from 70.6 million in the same month last year.

The number of domestic passengers in July declined to 60.8 million compared with 62.4 from the same month last year, while international passengers increased to 8.7 million from 8.2 million.

Among U.S. airlines, American Airlines carried 58.7 million passengers from January to July, the most of any airline. Rounding out the top five were Southwest Airlines Co., Delta Air Lines Inc., United Airlines and Northwest Airlines Corp.

Shares of Southwest dipped 35 cents, or about 2.1 percent, to $16.43 in afternoon trading, while American Airlines' parent AMR Corp. fell 88 cents, or 3.4 percent, to $25.01, both on the New York Stock Exchange.

United Airlines parent UAL Corp. slid 78 cents, or about 2.5 percent, to $30.64 on the Nasdaq.
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Old December 12th, 2006, 12:14 PM   #59
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IATA raises 2007 airline profit forecast

GENEVA, Dec 12 (Reuters) - Global airlines are expected to make a profit of $2.5 billion in 2007, up from the previously forecast $1.9 billion profit, despite high fuel prices, the International Air Transport Association (IATA) said on Tuesday.

The loss for 2006 was seen at $500 million, down from the $1.7 billion loss forecast earlier. Officials said the improvement reflected increasing efficiency and steady growth in passenger numbers.

"We now see the industry as doing much better despite the oil shock which pushed up its costs ... This year the airline industry has almost reached break-even at the net post-tax level," Brian Pearce, IATA chief economist, told an annual news briefing.

Excluding $6 billion in restructuring costs at Delta Air Lines Inc. <DALRQ.PK> and Northwest Airlines Corp. <NWACQ.PK>, the whole airline industry would be in profit in 2006, IATA said in a statement.

The Geneva-based association, whose member airlines make up 94 percent of international scheduled air traffic, said its higher 2007 profit forecast reflected a drop in the price of jet fuel from a peak of $93 a barrel.

Still, it cautioned there was limited scope for further significant energy price declines in 2007. "We expect fuel costs to remain at an average of 26 percent of operating costs next year," IATA said.

Airlines in North America are expected to post a $3.7 billion loss in 2006, while European- and Asian-based airlines are in profits, according to IATA, whose figures do not include domestic air traffic.
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Old May 1st, 2007, 05:14 AM   #60
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Air travel continues to accelerate: IATA

GENEVA, April 30, 2007 (AFP) - International air travel continued to accelerate in March, driving the airline industry to its first overall profit for more than six years, the top airline association said Monday.

Passenger travel rose by 7.8 percent year-on-year in March and by 7.0 percent in the first quarter of 2007 thanks to the strength of major economies, the International Air Transport Association (IATA) said in a statement.

The growth in March was the strongest monthly figure recorded over the past year, it added.

"People want to travel and they are doing it in record numbers," said IATA Director General Giovanni Bisignani.

"The fact that airlines are meeting that demand with newer, more fuel-efficient aircraft and near-record load factors bodes well for the bottom line and should lead to an industry profit of 3.8 billion dollars in 2007," he added.

However, air freight lagged well behind, growing by just 2.3 percent in March and by 2.7 percent for the first three months of the year.

"The story for passenger traffic is based on strong economies driving the demand to travel for both business and leisure markets," Bisignani said.

"For freight, competition for other modes of transport -- particularly sea -- is holding growth below our forecast of 5.5 percent for 2007," he added.

IATA, which groups more than 260 airlines, had signalled two years ago that the industry was expected to break even by 2007. But it sharply increased its average profit forecast from 2.5 billion dollars at the beginning of April.
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