Transport Airlines

Passenger traffic ticked up in September because of China, Latin America and the Middle East

Nov 03, 2012 7:09 am

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Not sure whether North America or Europe is worse off in this report: Would you choose “profitless growth” over “no growth” or vice versa?

— Jason Clampet

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International passenger traffic rose 4.9 percent in September on a year ago, led by robust growth for carriers in China, Latin America and the Middle East, the International Air Transport Association (IATA) said on Friday.

A two-speed recovery is emerging in the industry, as European airlines experience “profitless growth” and North American airlines operate in a “slow to no-growth environment”, it said.

International air freight traffic was up by 0.5 percent versus the same month in 2011, the Geneva-based body said.

Copyright (2012) Thomson Reuters. Click for restrictions

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