According to data revealed by the international air transport association, the number of air travel increased 10.1% during the month of October compared to the same period of last year. For its part, the air transportation of cargo showed a rise of 14.4% according to data provided by the major airlines tickets sales recorded a sharp increase, reaching almost comparable volumes which existed prior to the crisis. The growth in demand is returning to a more normal pattern, said CEO of IATA, Giovanni Bisigniani, who also noted that passenger demand is 5% above levels pre-crisis from the beginning of 2008, while only 1% of load. The reasons for this significant improvement lies in several point. On the one hand the United States rebound, with the revival of its economy, on the other hand the high increase recorded by the Asian economy.
In the first ten months of the year, the demand of passengers increased 8.5% with a 4 per cent capacity expansion. Load capacity increased by 9.2%, well below the increase in demand of 24%. According to forecasts by the IATA, moderation in the capacity will be the watchword for the coming months despite the strengthening of the demand. In terms of load demand, is at a turning point. Since may, the volumes have declined by 5%, and although in October the growth has continued rising even to be seen if cargo traffic has leveled off or if it is the beginning of a new upward trend, said Bisigniani.
IMPROVED GENERALIZED. Bisigniani welcomed the improvement registered by the airline industry in 2010. We are ending 2010 in a much better situation than twelve months ago, the airlines have changed losses for benefits although weak. Despite the economic uncertainty people still flying, stressed the responsible. It is the case of the airline Lan Chile flag and its subsidiaries, mainly Lan Argentina, who only a few days ago gave knowing that only during the third quarter of 2010 had net profit of little more than 106 million dollars, which implies an increase of 104%. Original author and source of the article