http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.01Change: 0.00
R/$ = 10.67Change: -0.04
Au 1287.70 $/ozChange: 0.20
Pt 1424.00 $/ozChange: -2.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 28, 2010

Airline industry recovers faster than expected – Iata

Back
Africa|Africa|Europe|Latin America|Airline Industry|Transport|Giovanni Bisignani|Asia-Pacific|Middle East|The 2010 FIFA World Cup
Africa|Africa||Transport|||
africa-company|africa|europe|latin-america|airline-industry|transport-industry-term|giovanni-bisignani|asiapacific|middle-east|the-2010-fifa-world-cup
© Reuse this



While airlines in all regions outside Europe had reported double-digit growth in passenger traffic in June, International Air Transport Association (Iata) director-general Giovanni Bisignani cautioned that this momentum could slow down in the months ahead.

Overall passenger demand increased by 11,9% year-on-year in June, while freight traffic had increased by 26,5% year-on-year in June.

Bisignani noted in a statement on Wednesday, that the airline industry had continued to recover faster than expected, but he questioned how long the passenger numbers could continue growing at double-digit levels.

“Business confidence remains high and there is no indication that the recovery will stall any time soon. But, with government stimulus packages tailing off and restocking largely completed, we do expect some slowing over the months ahead,” said Bisignani.

Meanwhile, Iata pointed out that Europe had seen the slowest growth rates out of all the regions, with passenger growth, at 7,8% in June, only about one-half of the 15,5% growth seen in the Asia Pacific region.

Nevertheless, passenger volumes in Europe were now between 1% and 2% higher than the peak reached at the start of 2008, before the recession.

European freight demand growth, at 15,3% in June, had also continued to lag other regions, such as the Asia-Pacific region, which recorded a 29,8% increase in demand; the Middle East, which saw a 39,6% increase and Latin America, with a 44,9% increase in demand.

Africa had recorded the fastest freight demand growth of 54% year-on-year in June, while passenger demand had increased by 21,3%, boosted to some extent by the 2010 FIFA World Cup.

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Transport & Logistics News
Updated 2 hours 10 minutes ago E-tolls in Gauteng will cripple South Africa's economy, the Justice Project South Africa (JPSA) said on Monday. "This will cripple the economy of Gauteng and indeed South Africa as a whole," JPSA chairperson Howard Dembovsky told public hearings in Midrand on the...
Updated 2 hours 38 minutes ago In its first appointment of a female to head up the continent’s biggest and busiest airport, Airports Company South Africa (ACSA) has named Bongiwe Pityi as the new GM of OR Tambo International Airport, with effect from September 1. An attorney of the High Court of...
Updated 2 hours 52 minutes ago Low-cost Pan-African airline fastjest has launched flights between Dar es Salaam,  Tanzania, and Entebbe, Uganda, marking the opening of the first direct air link between the two African capitals and the fourth international route offered by the airline. Noting that...
More
 
 
Latest News
Science and Technology Minister Naledi Pandor
Updated 56 minutes ago South Africa did not produce enough graduate engineers, which was worrying, as good engineering made a significant contribution to social welfare, Science and Technology Minister Naledi Pandor said on Monday. Speaking at the official opening the United Nations...
Telecommunications and Postal Services Minister Dr Siyabonga Cwele
Updated 2 hours 8 minutes ago As South Africa entered the “spring” of its ambitious South Africa (SA) Connect broadband strategy, Telecommunications and Postal Services Minister Dr Siyabonga Cwele on Monday assured stakeholders that South Africa’s information and communication technology...
Updated 2 hours 21 minutes ago South African utility Eskom said on Monday that a report in a business newspaper that power supply would be "highly constrained" for the next five years was a "worst-case scenario." "It would not be correct to say categorically that it would take five years. That is...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
South African State-owned defence industrial group Denel has announced its fourth consecutive year of profits. The group's results for the financial year 2013/2014 were recently announced at its head office in Centurion, south of Pretoria. Revenues grew by 17%, net...
There is little opportunity for JSE-listed infrastructure company Group Five to grow shareholder value in the domestic market, says CEO Mike Upton. He says value can still be found in the private sector, in the renewable and industrial power sector, as well as in...
The National Association of Automobile Manufacturers of South Africa (Naamsa) has announced the event dates of the 2015 Johannesburg International Motor Show (JIMS). The event will take place from October 14 to October 25, 2015, at the Johannesburg Expo Centre, Nasrec.
UK engineering support services provider Babcock is set to deliver the largest order of global truck manufacturer DAF’s truck tractors in Southern Africa to bulk carrier road-based logistics company Ngululu Bulk Carriers (NBC), with 133 trucks to be delivered in...
Digital radio communications in the African local government space can open up the world, but have many challenges to overcome, notes integration and migration of legacy radio communications infrastructure with digital mobile radio company Emcom Wireless head of...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks