GENEVA Jan 31 Global air travel demand growth
will slow again this year, but freight markets will recover from
a decline in 2012, the International Air Transport Association
(IATA) said on Thursday.
"2013 will not be a banner year for profitability, but we
should see some improvement on 2012," IATA Chief Executive Tony
Tyler said in a statement.
Global passenger traffic grew 5.3 percent in 2012, IATA
said, with domestic demand up 4.0 percent and international
demand up 6.0 percent. This year it is expected to grow by 4.5
Although fuel costs remain high, airlines tightened up on
spare capacity and spare seats in 2012 to protect their profits,
IATA said. The year ended with markets improving, with
international freight and passenger traffic 0.6 percent up from
Domestic passenger traffic grew by the same margin, but
domestic freight deliveries rose 2.2 percent on the month.
For the year as a whole, global cargo demand contracted by
1.5 percent, including a 1.9 percent decline in international
markets and 1.4 percent growth on domestic routes.
"A sharp slowdown in world trade growth and shifts in
commodity mix favoring sea transport placed further downward
pressure on air freight demand in 2012," IATA said.
IATA's members include major airlines such as Air France KLM
, British Airways, Delta and Air China