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Air travel numbers on the rise

Jul 05 2013 17:05

Johannesburg - The Air Transport Association (Iata) says passenger travel continued to expand in May, but air freight volumes remained flat.

A spokesperson for Iata said in the June report of the Airlines Financial Monitor released in Johannesburg that passenger numbers had stabilised in local currency terms.

Airline share prices declined in June (as did the broader market), but were up 8% so far this year.

Financial results in the first quarter showed operating profits were continuing to improve across all regions. 

The report went on to say that jet fuel prices remained at the bottom of a two-year range in June as oil supply increases outstrip growth in demand.

Signs of eurozone stability should ease pressure on global growth and support growth in air travel/freight for the remainder of the year.

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iata  |  johannesburg  |  aviation


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