International air traffic rises in mixed recovery
GENEVA (Reuters) - International air passenger traffic rose in September in a mixed recovery led by carriers in China, Latin America and the Middle East, the International Air Transport Association (IATA) said on Friday.
Traffic rose 4.9 percent compared with a year ago with the industry experiencing a two-speed recovery. European airlines were stuck with "profitless growth" and North American ones operating in a "slow to no-growth environment", the Geneva-based body said.
By contrast, strength in China, Latin America and the Middle East meant passenger traffic in those regions has grown every month this year, although the rate has slowed from an average of 8.1 percent in the first quarter.
International air freight traffic was up 0.5 percent on September 2011, IATA said.
Overall this year airlines are on track for a global net profit margin of just 0.6 percent, according to its Chief Executive Tony Tyler.
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- Investigators focus on foul play behind missing plane: sources |
- Search for Malaysian plane may extend to Indian Ocean - U.S |
- Russia blocks internet sites of Putin critics
- Tire blows out on passenger jet taking off from Philadelphia airport