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Air Passenger Traffic Grew By 8 Per Cent in January 2012, Says IATA

  • The International Air Transport Association (IATA) on February 29, 2012 said that passenger traffic in India grew by 8.8 per cent year on year in January 2012, with demand rising by nine per cent over that of December 2011.According to IATA, the aviation capacity was expanded by 12.8 per cent and passenger load factor touched 74.9 per cent. Global passenger traffic grew by 5.7 per cent in the month under review, whereas air freight circulation declined by eight per cent as compared to the same month in 2011, as per an IANS report.

  • "The year started with some hopeful news on business confidence. This is having a positive impact on business-related travel," said Tony Tyler, Chief Executive and Director General, IATA in a statement."However, airlines face two big risks: rising oil prices and Europe's sovereign debt crisis. Both are hanging over the industry's fortunes like the sword of Damocles."Tyler added that billions of dollars worth of orders for aircraft at the recent Singapore Airshow also demonstrated the fact that airlines are strategically investing to meet future demand with more fuel efficient aircraft. "Running an airline in today's uncertain economic climate is a tough job. At the same time, we know that demand for air travel will grow as the global economy recovers and requires even greater connectivity."

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