Global full-year 2012 passenger airline traffic grew 5.3 percent year over year, - Business Travel News

Share this page

Business Travel Supplier Directory

Text size: A A A

NewsLog
RSS

January 31, 2013 - 03:00 PM ET

Global full-year 2012 passenger airline traffic grew 5.3 percent year over year, according to the International Air Transport Association. That fell below the 2011 growth rate of 5.9 percent, but exceeded the 20-year average growth rate of 5 percent. Worldwide "demand in international markets expanded at a faster rate (6.0 percent) than domestic travel (4.0 percent)," according to IATA. Yet, North American carriers underperformed both averages, with "the slowest international passenger growth of any region at 1.3 percent" and U.S. domestic traffic up only 0.8 percent year over year, according to IATA. "The slowdown reflects the maturity and subdued economic growth of the U.S. market," according to IATA. Director general and CEO Tony Tyler projected "guarded optimism" for 2013 worldwide passenger growth, which IATA anticipated will "expand close to the 5 percent historical growth trend."

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
The Port Authority of New York & New Jersey board of commissioners has approved the development team... read more »
To account for inflation, the U.S. Department of Transportation on Wednesday increased thresholds for denied-boarding compensation... read more »
Amtrak restored all Acela Express and Northeast Regional service between Philadelphia and New York on Monday morning,... read more »
GroundLink this week named Liz Carisone CEO, effective immediately,... read more »
The Lufthansa Group’s supervisory board on Tuesday approved Kay Kratky’s appointment as CEO of Austrian Airlines.... read more »
The Lufthansa Group named Kay Kratky CEO of Austrian Airlines,... read more »
United Airlines in June will offer multicourse meal service and complimentary beer and wine... read more »
U.S. airlines in February improved both their on-time performance and baggage handling year over year,... read more »
Southwest Airlines further has expanded operations at Dallas Love Field,... read more »
The U.S. Federal Aviation Administration has granted American Airlines and US Airways a single operating certificate,... read more »
Alaska Airlines in March was the most punctual major North American airline, with an on-time arrival rate of 86.8 percent,... read more »